Special Offer!

Big dreams need bigger capital – SRA redevelopment isn’t a beginner’s game.

Inherited 1-Acre Land in Mumbai? Why Taking on an SRA Project Alone Could Be a Costly Mistake.                                                                                                  

A corporate professional earning ₹24 lakh annually has sparked debate online after revealing plans to develop his inherited 1-acre plot in Mumbai through a Slum Rehabilitation Authority (SRA) project. While his ambition is to “build dream homes,” experts and netizens alike caution against diving in without experience or capital. SRA projects, which involve rehabilitating slum dwellers with free 330 sq ft homes in exchange for saleable development rights, are among the most complex forms of real estate. For 100 tenants, developers must secure at least 51% consent, arrange upfront rent deposits, and invest a minimum of ₹20–25 crore before approvals. Banks won’t fund the initial phase, and private financiers charge high-risk interest rates of 24–35%.  Industry insiders warn that without deep pockets and expertise in construction, legal, and sales, new entrants are vulnerable to delays and losses. Most advise selling the land or partnering with an established developer.