Aspect Realty to Deliver 600 SRA Flats in Worli by January 2026
Aspect Realty is set to hand over 600 SRA flats in Worli by January 2026, marking the completion of a 17-year-long stalled slum rehabilitation project. The developer took over the Rs 450-crore project last year and has been working diligently to meet the deadline.
Aspect RealtySra FlatsWorliSlum RehabilitationMumbai Real EstateReal EstateOct 09, 2025
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.
Frequently Asked Questions
What is the SRA project in Worli?
The SRA project in Worli is a slum rehabilitation initiative aimed at providing better living conditions for slum dwellers. It involves the construction of 600 flats, each with a living/dining area, kitchen, one bedroom, and a separate bathroom and toilet.
When is the expected handover of the SRA flats in Worli?
Aspect Realty expects to hand over the 600 SRA flats in Worli by January 2026.
Who is the developer of the SRA project in Worli?
Aspect Realty, a Mumbai-based developer, is the current developer of the SRA project in Worli. They took over the project last year and have been working to complete it.
What challenges did Aspect Realty face in completing the SRA project?
Aspect Realty faced significant challenges, including clearing the previous developer's pending dues and restarting construction after a 17-year delay. The company had to secure fresh funding and ensure quality construction to meet the deadline.
What is the significance of the SRA project in Worli?
The SRA project in Worli is significant as it provides better living conditions for slum dwellers, contributing to the overall development of the area. It also sets a standard for future slum rehabilitation projects in Mumbai.
Related News Articles
Tier-2 Cities Witness 10-15% Growth in Property Prices, Outperforming Metros
Tier-2 cities in India are rapidly closing the gap with Tier-1 cities, driven by economic diversification, rising consumer demand, and reverse migration patterns.
Boosting India's Real Estate Sector: Expectations from Union Budget 2024-25
Industry experts emphasize the need for enhanced tax incentives, single window clearance, and infrastructure development to drive growth and stability in the real estate sector.
Bajaj Housing Finance Q2 FY25: Profit Rises 21% YoY to Rs 546 Crore, Revenue Up 26%
Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
Trump Towers: A Project Set to Revolutionize the Indian Real Estate Market
As the Indian real estate market continues to evolve, one of the most ambitious projects on the horizon is Trump Towers. Licensed partner in India reveals plans to generate ₹15,000 crore in sales over the next 4-6 years, making it a landmark development i
India's Luxury Housing Market Booms: A ₹279,000 Crore Surge
India's luxury housing market is witnessing a significant surge, driven by affluent buyers who are increasingly seeking exclusivity and high-end living. Key cities like Mumbai, Delhi-NCR, and Bengaluru are leading this trend, with a substantial increase i
10 Lakhs in Bengaluru, Mumbai, and Delhi: What You Can Buy in the Real Estate Market
Discover what 10 lakhs can get you in the real estate markets of Bengaluru, Mumbai, and Delhi, according to a recent report by Knight Frank. Explore the current property trends and investment opportunities in these major Indian cities.