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Business Standard
2 days ago
- Business
- Business Standard
Maharashtra govt passes bill allowing SRA to recover pending transit dues
The Maharashtra Assembly passed a bill amending the Slum Area (Improvement, Clearance and Redevelopment) Act, 1971, on Wednesday, which allows the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The amendment bill seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or partners. Currently, the SRA can issue stop-work notices or deny new permissions to a defaulting developer. The bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes - from 120 days to 60 days - once a majority (over 50 per cent) has consented to a redevelopment plan. After 60 days, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to availability. Another provision of the bill allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC, and CIDCO within 30 days of issuing a letter of intent, enabling a faster execution of public sector-led projects.
The Print
3 days ago
- Business
- The Print
Maharashtra assembly passes bill allowing SRA to recover transit rent dues from developers
As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or partners. Currently, the SRA can issue stop-work notices or deny new permissions to a defaulting developer. The amendment bill seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). Mumbai, July 9 (PTI) The Maharashtra Assembly passed a bill amending the Slum Area (Improvement, Clearance and Redevelopment) Act, 1971, on Wednesday, which allows the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes – from 120 days to 60 days – once a majority (over 50 per cent) has consented to a redevelopment plan. After 60 days, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to availability. Another provision of the bill allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC, and CIDCO within 30 days of issuing a letter of intent, enabling a faster execution of public sector-led projects. PTI MR NSK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
3 days ago
- Business
- Time of India
Maharashtra legislative assembly clears amendment to slum improvement and redevelopment Act
Mumbai: The legislative assembly on Wednesday passed the amendment bill to the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971, allowing the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from developers by attaching not only the company's property, but also personal properties of the directors/partners, if required. Since the outstanding rent will be considered as arrears of land revenue, the SRA will be able to attach and sell the builder's property to provide rent to slumdwellers. The bill was introduced by Shiv Sena minister Shambhuraje Desai. The bill also reduces the window for dissenting slumdwellers to join SRA schemes from 120 days to 60, after more than 50% of the slumdwellers have consented to the redevelopment plan. After the 60-day period, those who do not join the SRA scheme risk losing their claim to on-site rehabilitation units and may be considered for relocation elsewhere, as per availability. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Officials said that state govt has various legal processes to recover these arrears, including serving notices, attaching property, and even imprisonment of the defaulter. "Under the Maharashtra Land Revenue Code, govt can attach and sell the defaulter's movable and immovable property to recover the dues. In some cases, bank accounts or lockers of the defaulter may be attached. Right now, the SRA can only issue stop-work notices to the builder for not paying rent or stop giving new permissions, but beyond that, there is no deterrent of any kind, and because of this, builders do not pay rent," an official said.
Time of India
3 days ago
- Business
- Time of India
Maharashtra govt tables bill to amend Slum Act to enable SRA to recover transit rent dues from builders
MUMBAI : The Maharashtra government on Tuesday tabled a bill in the state assembly that proposes to amend the law concerning slum redevelopment, allowing the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The bill seeks to amend the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act, 1971. It also seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). "The SRA hopes that the amendments will help fast-track its projects and also ensure slum dwellers are not left in the lurch without their rightful rent," an official said. As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or partners. Currently, the SRA can issue stop-work notices or deny new permissions to defaulter developer. Officials, however, say that even as the stop work notice is issued, slum dwellers are left in lurch with no rent and the lack of stronger punitive measures lead to widespread non-payment of rent, which is why amendment is necessary. The bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes - from 120 days to 60 days - once a majority (over 50 per cent) has consented to a redevelopment plan. After the 60-day period, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to availability. Another provision allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC and CIDCO within 30 days of issuance of a letter of intent, enabling faster execution of public sector-led projects.
Time of India
3 days ago
- Business
- Time of India
Maharashtra Slum Rehabilitation Authority: Maharashtra Government Proposes Slum Act Amendment to Enforce Transit Rent Collection from Builders, ET Infra
Advt The Maharashtra government on Tuesday tabled a bill in the state assembly that proposes to amend the law concerning slum redevelopment, allowing the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or bill seeks to amend the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act, 1971. It also seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). "The SRA hopes that the amendments will help fast-track its projects and also ensure slum dwellers are not left in the lurch without their rightful rent," an official per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or the SRA can issue stop-work notices or deny new permissions to defaulter however, say that even as the stop work notice is issued, slum dwellers are left in lurch with no rent and the lack of stronger punitive measures lead to widespread non-payment of rent, which is why amendment is bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes - from 120 days to 60 days - once a majority (over 50 per cent) has consented to a redevelopment plan. After the 60-day period, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to provision allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC and CIDCO within 30 days of issuance of a letter of intent, enabling faster execution of public sector-led projects.
