SRA to attach builders' property to recover rent

The state government plans to amend the law to allow the Slum Redevelopment Authority (SRA) to attach the property of developers who fail to pay the rent of slum dwellers whose tenements are under redevelopment.

- Surendra P Gangan

MUMBAI:

To give SRA redevelopment projects a further push, the government has also decided to halve the period given to landowners, developers or societies to submit redevelopment proposals. The deadline will be 60 days from the present 120 days, before the project is taken over by government agencies.

The decision to provide a legal framework to attach the property of defaulting developers was taken after the government received complaints of builders failing to shell out ₹620 crore in rent that must be paid until the possession of tenements in redeveloped buildings on slum lands.