Aspect Realty to Deliver 600 SRA Flats in Worli by January 2026

Aspect Realty, a prominent Mumbai-based developer, is on track to hand over 600 Slum Rehabilitation Authority (SRA) flats in Worli by January 2026. This significant milestone marks the completion of a long-stalled project that has been in limbo for 17 years. The project, valued at Rs 450 crore, was taken over by Aspect Realty last year, and the company has been working tirelessly to ensure its timely completion.

The SRA project in Worli is a crucial initiative aimed at providing better living conditions for slum dwellers. Each of the 300 square feet units will include a living/dining area, a kitchen, one bedroom, and a separate bathroom and toilet. The flats will be delivered with a full set of essentials, ensuring that the residents can move in with minimal hassle.

Kedar Chapekar, the CEO of Aspect Realty, expressed his pride in the project's progress. 'Taking over a 17-year-old stalled project presented enormous challenges, but our team's dedication allowed us to fast-track construction without compromising on quality,' Chapekar stated. 'We are immensely proud to be near completion of over 600 SRA flats, providing the next generation of these families with ownership and security.'

The project's revival is a testament to the developer's commitment to social responsibility and urban development. By clearing the previous developer's pending dues and securing fresh funding, Aspect Realty has been able to breathe new life into the project. The timely delivery of these flats will not only improve the living conditions of the slum dwellers but also contribute to the overall development of the Worli area.

The SRA project in Worli is a part of the larger Slum Rehabilitation Scheme (SRS) initiated by the Maharashtra government to provide better housing and infrastructure to slum residents. The scheme has been instrumental in transforming several areas in Mumbai, and the completion of the Worli project is a significant step forward in this direction.

Aspect Realty's involvement in the project highlights the company's expertise in handling complex and long-term development initiatives. The company has a strong track record in the real estate sector, with a focus on sustainable and inclusive development. The successful delivery of the SRA flats in Worli is expected to set a new standard for slum rehabilitation projects in the city.

As the project nears completion, the residents of Worli are looking forward to a new chapter in their lives. The flats will provide them with a sense of ownership and security, which are essential for their well-being and the overall development of the community. The completion of this project is a win for all stakeholders involved, including the government, the developer, and the beneficiaries.

Aspect Realty's dedication to this project is a shining example of how private developers can contribute to social welfare and urban development. The company's efforts in reviving and completing the SRA project in Worli will serve as a model for future slum rehabilitation initiatives in Mumbai and beyond.