Maha Govt: Stress fund to revive stuck SRA projects

21 Jul 2020

The Maharashtra State Housing Ministry has announced a series of relaxations in its slum redevelopment policy to ensure faster availability of housing for slum dwellers in Mumbai and the Mumbai Metropolitan Region (MMR). Addressing a web press meet recently, Jitendra Awhad, Housing Minister, Government of Maharashtra, has stated that there will be a specific stress fund for stuck SRA projects. While the state government will infuse Rs 7 billion-10 billion, the remaining funds will be from banks like SBI. “This stress fund will be used for the completion of stuck projects of SRA,” said Awhad. The fund will revive stuck projects and benefit slum dwellers as well as developers. Apart from this, the minister made a major announcement to bring cheer to developers troubled by non-coope

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