The Bombay High Court has initiated a review of the Maharashtra Slum Areas Act, 1971, raising questions about the balance between real estate development and the welfare of slum dwellers in Mumbai. This article delves into the background, key issues, and
Slum RedevelopmentBombay High CourtMaharashtra Slum Areas ActReal EstateUrban PlanningReal EstateMar 02, 2025
The Maharashtra Slum Areas Act, 1971, is a law enacted to address the problem of slums in the state. It provides for the acquisition of slum areas, their improvement, and the rehabilitation of slum dwellers.
The Bombay High Court has initiated a review of the Act due to several Public Interest Litigations (PILs) that have highlighted the inadequacies of the current framework and called for a more equitable approach to slum redevelopment.
The main issues include the inadequate compensation and resettlement of slum dwellers, the prioritization of profit over welfare by developers, and the need for modern standards of urban planning and social justice.
The review could result in changes to the regulatory framework, which may impact the profitability of real estate developers and builders. However, it also aims to ensure the welfare of slum dwellers and sustainable urban development.
The potential outcomes include amendments to the Act to incorporate modern standards, improved compensation and resettlement provisions for slum dwellers, and a more balanced approach to slum redevelopment.
Join our live sessions with expert analysts to clarify your stock market doubts and gain valuable insights on investing and portfolio management.
Mumbai's newly-opened Aqua Line Metro, expected to be a game-changer, has seen lower-than-expected ridership, raising concerns about its long-term viability.
The Chief Minister Devendra Fadnavis-led government in Maharashtra is set to expand the cabinet, with December 14 being the likely date for this significant move. The decision comes after the government successfully passed a trust vote in the Maharashtra
Mumbai continues to be the most preferred destination, accounting for half of the total private equity investments in the Indian real estate sector. The surge in investments highlights the growing confidence in the market despite economic uncertainties.
The Maharashtra government has embarked on an ambitious redevelopment project for Dharavi, Asia’s largest slum, with a staggering investment of Rs 3 lakh crore. This initiative, spearheaded by an Adani Group entity, aims to transform the vibrant but impov
The Mumbai Metropolitan Region Development Authority (MMRDA) recently concluded an auction of three commercial plots in Bandra-Kurla Complex (BKC), raising over Rs 1,700 crore, marking a significant boost for the region's real estate market.