Delhi Officials Visit Bandra to Study Maharashtra Self-Redevelopment Model
A study group of IAS officers appointed by the Delhi government visited the Self Group Development Authority office in Bandra, Mumbai, to assess Maharashtra's self-redevelopment model for potential implementation in the national capital.
The delegation, led by IAS officer I Raja Babu, reviewed the state's framework to understand how old and dilapidated structures, particularly in areas like Old Delhi, could be overhauled under a similar initiative.
The Self Group Development Authority (SGRA), established in 2025 and headed by BJP MLC Pravin Darekar, works with the Mumbai Central Cooperative Bank as its nodal financing agency. Darekar, who also chairs the bank, stated on Sunday that a delegation of administrative officers visited the city to study how the model operates and how it could be replicated across other regions.
According to data shared by Darekar, the nodal bank had sanctioned loans worth Rs. 359.15 crore to 18 cooperative housing societies for self-redevelopment as of March 31, 2026. From that amount, Rs. 269.57 crore was disbursed. Eight of those housing societies have fully completed their redevelopment projects and closed their loan accounts after repaying the principal amounts along with interest.
Overall, the authority has received approximately 1,600 self-redevelopment proposals so far. Loans have been sanctioned for 46 housing societies, and nearly 21 to 22 buildings have been completed, allowing residents to shift into larger apartments.
During their visit to Bandra, the Delhi study team examined the administrative and financial mechanisms underpinning the model. Their review covered public awareness campaigns, the appointment of cooperative banks as nodal agencies, statutory concessions granted to housing societies, and the creation of an independent regulatory authority.
The visiting officials also studied the roles played by housing societies, project management consultants, municipal corporations, and state departments, alongside technical planning requirements. An SGRA official noted that participating housing society members have secured between 30 percent and 252 percent additional land area free of cost, in addition to corpus funds ranging from Rs. 3.00 lakh to Rs. 58.00 lakh.
