Archive · 3 Oct 2025
Mumbai SRA Proposes Higher Corpus Fund for Slum Redevelopment
The Mumbai SRA wants developers to pay more money for each new apartment built in slum redevelopment projects.
This money, called the corpus fund, is used to maintain buildings for 10 years, especially important for tall buildings.
The current amount is ₹40,000 per apartment, but the SRA proposes to raise it to ₹1 lakh, ₹2 lakh, or ₹3 lakh, based on the building's height.
They believe this will keep buildings safe and livable, even if residents don't always pay maintenance fees.
The public can give suggestions about this plan.
The SRA proposed a rise in the corpus fund collected from developers.
The current contribution is ₹40,000 per tenement.
The proposed contribution may be ₹1 lakh to ₹3 lakh, based on building height.
The corpus fund covers building maintenance and safety measures.
A public notification was issued on Sept 22 to invite suggestions.
- Who
- Slum Rehabilitation Authority (SRA) and developers
- What
- Proposed increase in the corpus fund for slum redevelopment projects
- When
- Not explicitly stated
- Where
- Mumbai
- Why
- To ensure adequate safety and maintenance in high-rise rehabilitation towers
- Organization
- Slum Rehabilitation Authority (SRA)
- Proposal
- Increase in corpus fund for slum redevelopment projects
- Current Fund
- ₹40,000 per tenement
- Proposed Fund
- ₹1 lakh to ₹3 lakh per tenement
- Fund Use
- Building maintenance, safety measures, firefighting systems
- Notification Date
- September 22
