Advance Transit Rent Requirement Halts 50% of SRA Projects in Mumbai
Nearly 50% of slum rehabilitation projects in Mumbai have been stalled due to a new mandate from the Slum Rehabilitation Authority (SRA). According to circular number 210, developers are now required to deposit two years’ worth of advance transit rent with the SRA before any approvals are granted. This rule, implemented on August 1, 2023, […]