Mumbai: The Maharashtra Housing and Area Development Authority (Mhada) has decided to take action against 11 city developers who have reportedly held back lease payments of transit tenements rented out to them and failed to vacate the units.
For "taking the authority for a ride", the government agency plans to attach the errant developers' movable and immovable property to recover amounts that they have defaulted on.
Mhada had rented out housing units to 26 developers who were reconstructing cessed buildings. The maximum period for which these tenements can be rented is three years. A state official said that several developers had overstayed their welcome, with some of them being in possession of the tenements for over 13 years.
The state housing authority subsequently issued notices to the 26 developers and also warned them but they did not surrender these units. They had also defaulted on rent payments and interest for the extended period, which added up to Rs 22 crore. About a month-and-a-half ago, the state directed Mhada to revoke permissions and stay approvals for these redevelopment projects.
After the permissions were revoked, nine of the 26 builders paid the arrears, six made part payments, while 11 have not yet responded.
"Out of the Rs 22 crore, we have recovered just over Rs 4 crore," the official said.
In an effort to recover the entire amount, the Maharashtra Building Repair and Reconstruction Board has now served the 11 developers notices, stating the outstanding amount will be recovered as "arrears of land revenue", which enables attachment of movable and immovable assets as well as sealing bank accounts.  |
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