How to Buy SRA Flat in Mumbai?

The Maharashtra state government started a comprehensive slum restoration programme and established the Slum Rehabilitation Authority, or SRA, in December 1995 to offer suitable homes to the urban poor living in the slum sections of Mumbai.

The concept was to exploit land as a resource, give slum inhabitants SRA Mumbai apartments, make buying SRA flats in Mumbai easy, and then sell any extra tenements on the open market. I will tell you all I know about it.

What are SRA flats: Can I buy SRA flat in Mumbai?

Tenements, also referred to as SRA flats, are provided to slum inhabitants by the Slum Rehabilitation Authority, or SRA. There are two different kinds of SRA Mumbai flats- tenements that developers sell on the open market and the one that a slum resident is given after giving up their current residence. And yes, you can buy SRA flat in Mumbai. You just need to be aware of how to buy it.

How to buy SRA flat in Mumbai?

When it comes to purchasing or selling SRA Mumbai apartments, there are a few norms and regulations that must be followed:

• The beneficiary is subject to a lock-in period that prevents him/her from selling the assigned SRA Mumbai apartment for ten years. According to FPJ, the Maharashtra Cabinet subcommittee has approved a proposal to shorten the time required to sell SRA Mumbai flats from 10 years to 3 years in accordance with revised regulations for SRA in Mumbai 2021. After three years of hutment destruction, the SRA Mumbai apartments can be sold.

• After ten years, if the SRA building is sold, the state government is entitled to a portion of the proceeds. The transaction fee is a part that is considered necessary at the moment of property registration. 

• Only a bearer of a domicile certificate may purchase the SRA Mumbai apartment. The family should also not possess any other properties in Mumbai's suburbs.

• No SRA Mumbai apartment may be purchased by the first vendor.

• The purchaser of a unit in an SRA building must be a member of either the lower-income group (LIG) or the economically weaker section (EWS) (MIG).

• The husband and wife's names will both be on the sale document for the apartment in the SRA building. The purchase of SRA apartments is not permitted by partnership firms or organisations.

Documents to check before buying a flat in SRA Project

Now that you know the answer to your question “can we buy SRA flats in Mumbai”, I must tell you that before purchasing a flat in an SRA Project, the following documents must be reviewed if you intend to acquire one in the project or society.

1. Adhaar card of the owner of the property

2. The property owner's PAN card

3. The property owner's ration card

4. Flat's Electricity Bill

5. Municipal Corporation Tax Receipt

6. OC and CC

7. NOC from Society risk associated in purchasing SRA Flats; 

I hope I was able to help you understand about buying SRA flats in Mumbai.