Projects will have time limit for completion
Geetanjali Minhas | August 10, 2021 | Mumbai
Thousands of slum dwellers are on the streets, not even getting rent for several years as many projects are stuck under the Slum Rehabilitation Scheme. Now the Slum Rehabilitation Authority (SRA) will take over and develop more than 500 projects left in limbo by builders and developers, Maharashtra housing minister Jitendra Awhad has said.
Many banks as well as financial institutions have provided funds to the developers after the letter of intent (LOI) is received and banks and financial institutions then approach the SRA to provide aid. Around Rs 50,000 crore have been invested in slum rehabilitation schemes where developers have not done any work beyond the letter of intent. Several partially demolished slums and buildings are stuck with residents languishing out of their homes.
“The Slum Rehabilitation Authority will now take over these projects which have been stalled for many years and develop them,” Awhad said on Monday, clarifying that receipt of LOI under the SRA Scheme does not mean that the developers become the owners of the land.
The housing minister said that SRA is planning Shivshahi Rehabilitation Project to take appropriate measures for closed projects and build houses of slum dwellers in the rehabilitated building.
Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch
The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. The ministry of coal said
The number of social innovators and entrepreneurs has considerably increased recently in India. The idea of social entrepreneurship, which aspires to provide novel solutions for the world`s most critical social issues, is now receiving more attention. Challenges like overworked healthcare,
Plastic is arguably the most ubiquitous material of our times. In this Age of Plastic, it might seem its use can’t go up any further – and yet it keeps going. Between 2000 and 2015, global production of plastic increased by a whopping 79%. The total mass of plastics on our planet is now twice t
“Why is the child growing?” is the question that bothers a lot many in the administration. The answer, to be honest, is to be discovered via science, and less via what we call ‘effective administration’. Eventually, it will be the latter that will enforce the former on the field, bu
The untapped potential of every individual is the biggest tragedy of the human race. The primary reason for this is our lack of awareness of the processes, tools and t