MHADA online lottery in 2022, launched by the state

MHADA Lottery

On the launching of the recent online lottery, CM of Maharashtra Eknath Shinde Deputy Chief Minister Devendra Fadnavis announced the government’s plans, which offer affordable homes for the common people under the Maharashtra Housing and Area Development Authority (MHADA), the City and Industrial Development Corporation of Maharashtra (CIDCO). Furthermore, as per reports, around 5,211 lottery-drawn houses and 3,000 homes are ready to be distributed in the forthcoming months. Thus, 278 flats while 2,875 flats would be served on a first-come, first-served basis. The remaining 2,088 flats would fall under the 20% housing scheme. Therefore, Propertywala shares every detail of the online lottery in 2022.

Launching of Housing Online Lottery by state:

The online lottery began on August 18, 2022, at 10 am in Pune’s Zilla Parishad hall, at the Maharashtra legislative assembly. MHADA has fixed lots for lottery houses in Pune, Pimpri-Chinchwad, Solapur and Kolhapur districts.

Many dignitaries were present at this program. Milind Mhaiskar, Secretary of the housing department and Anil Diggikar MHADA vice president also attended this programme for housing. As per the reports, this year, Maharashtra Housing Development Authority (MHADA) has drawn three big draws. It includes MHADA lottery Pune 2022, Pune First Come First Serve lottery 2022, and Kolhapur MHADA lottery 2022. The MHADA lottery Pune 2022 is the biggest online draw this year.

Things you should know about buying SRA flats

The Maharashtra government provides quality housing to the urban poor residing in the slum areas of Mumbai. The Maharashtra state government began with a comprehensive slum rehabilitation scheme. After that Government created the concept of the Slum Rehabilitation Authority (SRA) on 16 December 1995. Further, propertywala shares the things you should know about buying SRA flats of buying SRA flats.

What do you mean by SRA flats?

The concept of Slum Rehabilitation Authority (SRA), was used to provide land as a resource and tenements for the slum residents. SRA also used to sell the extra tenement house in the open market. This scheme is still ongoing through a public-private partnership. The saleable floor space index FSI (or FAR) is used to recover the cost and create interest for the developer. Further, new rehabilitation projects are being developed. Slums have become a common part of Mumbai’s landscape because approx. 60% of the population in the city is located in slums, stated a Mumbai-based real estate consultant, Vipin Nayak. Hence, the Maharashtra Government passed the Maharashtra Slum Areas Act, 1971 to enhance slum dwellers’ standard of living. This Act refers to Improvement, Clearance, and Redevelopment.

Only the slums built before 2011 are eligible for rehabilitation under the rules of the SRA scheme. For the redevelopment of slums, after receiving all the paperwork and receiving permission, the developers shift the dwellers to the transit camps or also give them rent for good and temporary accommodation until the slum is redeveloped.

The developer rebuilds the slum in a new building which is free of charge for all the eligible slum dwellers.

You should know the process of buying an SRA flat in Mumbai:

  1. Everyone dreams of buying a house; slum dwellers too. Therefore, SRA Mumbai issued some rules and regulations when it comes to buying/selling SRA Mumbai flats.
  2. As per new rules for SRA in Mumbai 2021, according to the Free Press Journal (FPJ), the Maharashtra Cabinet sub-committee has approved a proposal to reduce the time of selling SRA Mumbai flats from 10 years to 3 years. After 3 years of demolition of housing, the SRA Mumbai flats can be sold. As there is a lock-in period on the beneficiary, preventing them from selling the allotted SRA Mumbai flat for 10 years.
  3. When the SRA building is sold, the state government is allowed to get a share of the value after 10 years. This is called a transaction fee. This is equivalent to a stamp duty of Rs. 1 lakh.
  4. The SRA Mumbai flat can be given to only those who have a domicile certificate. Also, the family should not be allowed to own any other flat within Mumbai’s suburban areas.
  5. Any original sellers cannot buy an SRA Mumbai flat.
  6. SRA buildings should not belong to these units of buyers who come from economically weaker sections (EWS), the lower-income group (LIG), or the middle-income group (MIG). 
  7. No partnership firms or organizations which allowed to purchase SRA flats. The SRA building will be in the name of the husband and wife.

Keep some keys points before buying an SRA Mumbai flat:

  1. When you go to buy the SRA Mumbai property, check the title deed of the SRA Mumbai property and ensure that you are buying from the original seller of the property. 
  2. To verify the legal documents, consult a property lawyer to verify the SRA Mumbai property documents and title deed.
  3. Check whether the owner has a release certificate from the bank or not. 
  4. A  duty-stamped sale deed is only a resource to transfer the property to transfer property ownership. 
  5. To purchase the SRA Mumbai flat, the buyer and their family members should not own a house within Brihanmumbai Municipal Corporation (BMC) limits.

How to search for SRA flats schemes online:

If you wish to find or verify any information regarding the SRA scheme in Mumbai, you can go through the following procedure:

  1. You have to visit the SRA Public Portal.
  2. Search the SRA website for schemes on the given parameters: scheme name, ward name, address, CTS number, village name, developer name, or architect name.

3. Once you look at the desired scheme, click on the ‘Action’ column to view the agreement, IOA, layout, LOI, OC, and registrar details.

The facilities included in SRA Mumbai flats:

To begin the redevelopment process, builders must enter into a tripartite agreement with the slum residents and the respective cooperative housing society. In addition to the agreement, the minimum facilities which a developer must provide on the redeveloped property are listed. 

  1. Each floor of the flat will have vitrified tiles.
  2. Each flat will have its own separate water and electricity connection.
  3. The kitchen of each flat will have a granite/marble platform with a stainless-steel sink and glazed tiles up to the height of 900 mm.

SRA’s Authority:

The SRA is led by the chief executive officer. The chairperson of this organization is the chief minister of Maharashtra. In this organization, there are nine members of the Authority, which includes the state housing minister, urban development minister, commissioner of the Municipal Corporation of Greater Mumbai, and the principal secretary of the urban development and housing department. The value of a corporate entity with effect from 3rd January 1997 has been given by SRA. By amendment carried out to the Maharashtra Regional & Town Planning (MR & TP) Act 1966. 

By 2022, the vision and mission of SRA are to make Mumbai slum-free. The government has also launched a GIS portal where citizens and other stakeholders can view the data collected by the Brihanmumbai Municipal Corporation (BMC).

Navi Mumbai Airport in limbo

airCracks have surfaced among the Navi Mumbai project as a group of villagers raised voice against the Maharashtra Government, offering them 22.5 pc of the allocated developed land. But the villagers have some other idea, now the villagers are asking for 35 pc monetary damage of around Rs 6.25 cr per hectare.  The agitators have caught the officials of the state government and City and Industrial Development Corporation (CIDCO) unawares.

The farmers from five villages Pargaon, Dungi, Kohli, Ovla and Upper Ovla have taken the issue upfront and these are five villages out of 10 villages from 671 hectare land to be acquired by the CIDCO for the new Navi Mumbai International Airport in the state.

The villager don’t agree to the government offer and they want 35 pc as monetary damages with additional 50 pc reservations of job for the affected persons in the multi-crore project.  The villagers will meet soon to bring a road map for protesting and will take up the issue to New Delhi if needed.

The agitation comes out barely the state govt declared that it has reached a deal with the farmers with a compensation package of 22.5 pc of developed land and the development work will commence soon.  The govt had also assured to provide them land to construct houses.

CIDCO officials will meet the villagers soon and will try to tame them to begin the airport work. Maha Govt and the civic body had work out a new compensation for the affected villagers.

The state govt is hopping that the villagers will understand the offer and drop their opposition against the project.

Maharashtra Govt. nods e-payment of stamp duty

Renovating the entire stamp duty collection system, Maharashtra Government has approved e-payment of stamp duty.

Maharashtra govt decides to go online for property tax payment

Maharashtra govt decides to go online for property tax payment.

Property transactions will be easier in Maharashtra now. And you will have more convenience on moving around from office to office, one to the other. All this will be possible in Maharashtra where the government has decided to accept e-payment of stamp duty.

To pay stamp duty for your property transactions, you may soon be spared of doing the rounds of multiple offices.

Under the new model, the stamp duty for property transactions will be collected by authorized banks. With the approval the buyers will be able to pay the property tax in the bank counter.

Under the new system, the buyer, or the one who needs to pay the property tax, can pay the property tax in the bank. However this new system is applicable only for the sum over Rs.5000.

Property deals will be easier in Maharashtra with online tax payment

Property deals will be easier in Maharashtra with online tax payment

Once the stamp duty is paid with the bank officer who collects the amount, the officer will return a digital bill to the payer. The bill, known as Electronic Secure Bank and Treasury Receipt (eSBTR), will look like a stamp paper. Moreover it works as a stamp paper.

While the payment is made, the customer has to provide all details related to the property transactions to the bank officer who will feed all the given details in to an online database.

The digital bill or the e-receipt is expected to be more secure than traditional stamp papers. It is the main difference between the two. Traditional stamp papers are more viable to falsifying.

Making it more secure, the category of the paper used for the receipt also will be entered in the database. So it will be easier for the officials to track the receipts and identify whether the produced receipt is fake or original.

The new system of paying property tax through banks will be first initiated in Mumbai and will be followed by Pune. The new system will be introduced in other cities afterwards.

HUL sells leasehold rights for Mumbai property

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty.

HUL and entities of Piramal Realty have signed an agreement for assignment of HUL’s leasehold rights of the land and building named ‘Gulita’ situated at Mumbai for Rs 452.5 crore, HUL said in a filing to the BSE.

The consideration includes both fixed and variable components, it added.

According to sources, realty consultant Jones Lang LaSalle India negotiated the deal on behalf of Piramal Realty.

The property was taken on lease from Maharashtra government by HUL and used as a training centre, a source said, adding Piramal Realty will use the premises to develop a new residential complex.

In the past few years, HUL has been selling off some of properties it owns, including some in Gurgaon and Mumbai, to unlock value.

Shares of HUL today closed at Rs 399.55 on the BSE, down 1.08 per cent from its previous close.

BAI Advices Maharashtra Government to Take Over SRA Redevelopment

MUMBAI: In view of the tremendous response received by state-run housing corporation MHADA for its offer of 4,034 houses under different categories, Builders Association of India has adviced the Maharashtra government to take control of the redevelopment of SRA schemes and nominate MHADA, MMRDA and CIDCO as the official agencies for redevelopment of slum. BAI Treasurer, Anand Gupta said, “MHADA, MMRDA and CIDCO like agencies could offer free rehabilitation houses to eligible slum residents by constructing multi – storied buildings as provided in the SRA Scheme. They can sell the balance area to all those applicants of MHADA flats who did not get allotment”. BAI has sent a written proposal to state government in this regard.

“Over 2 lakh people had applied for the 4,034 MHADA flats in May this year, and nearly 7 lakh home-seekers are expecting that they will get flats at very reasonable rates. Funding such projects will not be an issue since customers are ready to buy the houses at rates and terms of payment as announced by MHADA”. MHADA has a unique advantage, it has over a period of time collected a huge data base of home-seekers in Mumbai, which promises ready customers for affordable and mass housing segments.

All these Government bodies have made the mandatory consent by 70 percent slum residents will not be required. As per SRA record, 1,046 plots are available with state Government for redevelopment. That can house 3,70,000 flats of 430 square feet as per carpet area, and provide housing to six lac slum residents.