Mumbai, the city of dreams, is also a city of contrasts. While it boasts glittering skyscrapers and luxury apartments, it is also home to some of the largest slums in Asia. Enter the Slum Rehabilitation Authority (SRA) – a beacon of hope for millions of Mumbaikars living in cramped, unsanitary conditions. The SRA model, which aims to transform slums into modern residential and commercial spaces, is setting new benchmarks in urban development. But is it all sunshine and rainbows? What makes Mumbai’s SRA model a game-changer? The SRA model is simple yet revolutionary. Private developers are invited to construct homes for slum dwellers in exchange for developing portions of the land. This public-private partnership has not only addressed the acute housing shortage but also reshaped Mumbai’s urban landscape. With over 1.2 million homes rehabilitated and thousands more in the pipeline, the SRA model is a cornerstone of Mumbai’s real estate growth. Also read: Maharashtra’s grand real estate ...
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