The key issue that has led to majors concerns over financing of these projects is that all the loans extended by these institutions to such slum rehabilitation projects are not recognised by the Slum Rehabilitation Authority (SRA), a government body that serves as the planning and governing authority for all slum areas in Mumbai and Thane.
from Industry-Economic Times
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Maharashtra govt’s slum rehab projects’ amnesty to help unlock Rs 35,000 cr stuck loans