These projects have been stranded for a long time as the developers, despite getting letters of intent, have either walked out of the projects or failed to complete them even after getting funds from the banks and financial institutions.
The concerned organizations will have to submit a fresh proposal by appointing new developers. Another 200 projects without any development in the last 5 years will also be cancelled for a fresh start. In all 380 stranded slum rehabilitation projects to be covered under the Amnesty Scheme.
After CM’s recent review, these projects are proposed to be put under fast track for time bound implementation The Maha Vikas Aghadi government, in a bid to put the slum rehabilitation projects on the fast track, has scrapped 517 such projects which were accepted by the Slum Rehabilitation Authority (SRA) before 2014 but there has been no progress for want of completion of necessary formalities by the developers. In the second phase, the SRA will cancel another 200 slum rehabilitation projects which remained incomplete. In the third phase, the SRA will include another 380 stranded slum rehabilitation projects under the Amnesty Scheme. These projects have been stranded for a long time as the developers, despite getting letters of intent, have either walked out of the projects or failed to complete them even after getting funds from the banks and financial institutions.
Source: The Free Press Journal
