Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Maharashtra
Monsoon
Udaipur
Coronavirus Cases In India
Gyanvapi Mosque
Mohammed Zubair
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / Soon, builders may lose MHADA contract if project is delayed
India

Soon, builders may lose MHADA contract if project is delayed

Soon, builders may lose MHADA contract if project is delayed
Written by Anjana Raghav
(Sourced from PTI)
May 20, 2018, 05:55 pm 2 min read
Soon, builders may lose MHADA contract if project is delayed

On lines of SRA Act, Maharashtra government is planning to introduce a contract termination clause for private builders, if they don't complete the projects of Maharashtra Housing and Area Development Authority (MHADA) on time. Slum Rehabilitation Authority (SRA) Act, under which private builders can construct houses for slum dwellers and get rights for commercial-development in return, has provision for termination of contract for delays.

Affordable houses
MHADA provides affordable houses to Maharashtra people

The MHADA, with a mandate to build affordable houses, has 104 colonies in Mumbai alone. It hires private builders for constructing new buildings and redevelopment of old ones. "It will empower MHADA to select a new builder and complete the pending construction. There are hundreds of projects where private builders couldn't finish the construction because of various reasons," Housing Minister Prakash Mehta said.

Information
Proposal for amendment has been sent to Law department

In the case of redevelopment of old MHADA buildings, the delay creates problems for residents as they have to live in temporary shelters for many years. The proposal to amend the Act has been sent to the Law Department, the minister said.

Ambit of RERA Act
Government plans to bring MHADA, SRA Act under RERA

"Several MHADA colonies in Mumbai are due for redevelopment. We are also planning to bring both MHADA and SRA Act projects under the Real Estate Regulatory Authority (RERA) Act, which will also ensure completion of projects in time," Mehta said. The RERA Act provides for penalties for builders if they do not complete projects in the promised time.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Anjana Raghav <br/><i>(Sourced from PTI)</i>
Anjana Raghav
(Sourced from PTI)
Mail
Latest
Maharashtra
MHADA
Real Estate Regulatory Authority
Latest
2022 Ather 450X to launch on July 11: Check features
2022 Ather 450X to launch on July 11: Check features Auto
'Avatar: The Way of Water': Runtime, new characters, release date
'Avatar: The Way of Water': Runtime, new characters, release date Entertainment
Scientists create world's first cloned mice using freeze-dried skin cells
Scientists create world's first cloned mice using freeze-dried skin cells Technology
#AllAboutFees: Tracking Salman Khan's fees from Rs.75 to Rs.125cr!
#AllAboutFees: Tracking Salman Khan's fees from Rs.75 to Rs.125cr! Entertainment
Wimbledon: Sania Mirza and Mate Pavic lose mixed doubles clash
Wimbledon: Sania Mirza and Mate Pavic lose mixed doubles clash Sports
Maharashtra
Heavy rains lash Mumbai; traffic snarls across city
Heavy rains lash Mumbai; traffic snarls across city Mumbai
Mumbai: Yellow alert for heavy rain issued amid waterlogging
Mumbai: Yellow alert for heavy rain issued amid waterlogging India
Maharashtra: Fuel prices may fall as CM announces tax cut
Maharashtra: Fuel prices may fall as CM announces tax cut India
Maharashtra: Chief Minister Eknath Shinde wins trust vote by 164-99
Maharashtra: Chief Minister Eknath Shinde wins trust vote by 164-99 Politics
Maharashtra: Eknath Shinde-led government to face floor test today
Maharashtra: Eknath Shinde-led government to face floor test today Politics
More News
MHADA
Shiv Sena blames Mumbai's rising population for bridge collapse
Shiv Sena blames Mumbai's rising population for bridge collapse Politics
Mumbai: 3 killed, 8 injured as under construction structure collapses
Mumbai: 3 killed, 8 injured as under construction structure collapses Mumbai
Mumbai: Heritage building Esplanade Mansion in shambles, a disaster-in-waiting
Mumbai: Heritage building Esplanade Mansion in shambles, a disaster-in-waiting India
Mumbai: Family bought room for Rs. 74L, wiped-out in collapse
Mumbai: Family bought room for Rs. 74L, wiped-out in collapse Mumbai
Mumbai: Boyfriend sells off minor girlfriend to human traffickers
Mumbai: Boyfriend sells off minor girlfriend to human traffickers Mumbai
More News
Real Estate Regulatory Authority
NITI Aayog CEO says 'too many reforms' behind economic slowdown
NITI Aayog CEO says 'too many reforms' behind economic slowdown Business
RTI applicant in MP asked to pay GST for information
RTI applicant in MP asked to pay GST for information India
Here's your 'Weekly Industry Insight' for all your stock decisions
Here's your 'Weekly Industry Insight' for all your stock decisions Business
Thanks to Mumbai's sky-high prices, 1.09 lakh apartments lying unsold
Thanks to Mumbai's sky-high prices, 1.09 lakh apartments lying unsold Mumbai
Home loan basics: Here's what you need to know
Home loan basics: Here's what you need to know India
More News
Next News Article
Next News Article

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022