Home loan on sra flat
Home loan for sra property
Home loan for sra flat in Mumbai

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Home Loan for SRA Flat in Thane

Home Loan for SRA Flat in Thane

Home Loan for SRA Flat in ThaneClick  here to Apply OnlineThane  is a major railway statio..

Home Loan for SRA Flat in Badlapur

Home Loan for SRA Flat in Badlapur

Home Loan for SRA Flat in BadlapurClick  here to Apply OnlineBadlapur is a city in Thane distri..

Home Loan for SRA Flat in Mira-Road

Home Loan for SRA Flat in Mira-Road

Home Loan for SRA Flat in Mira-RoadClick  here to Apply OnlineMira Road is a suburb of the Mumb..

Home Loan for SRA Flat in Bhayandar

Home Loan for SRA Flat in Bhayandar

Home Loan for SRA Flat in BhayandarClick  here to Apply OnlineBhayandaris a railway station on..

Home Loan for SRA Flat in Vashi

Home Loan for SRA Flat in Vashi

Home Loan for SRA Flat in VashiClick  here to Apply OnlineVashi is a railway station on the Ha..

Home Loan for SRA Flat in Kandivali

Home Loan for SRA Flat in Kandivali

Home Loan for SRA Flat in KandivaliClick  here to Apply Online Kandivali is a neighbourhoo..

Home Loan for SRA Flat in Goregaon

Home Loan for SRA Flat in Goregaon

Home Loan for SRA Flat in GoregaonClick  here to Apply OnlineGoregaon is a suburb of Mumbai ci..

Home Loan for SRA Flat in Mankhurd

Home Loan for SRA Flat in Mankhurd

Home Loan for SRA Flat in MankhurdClick  here to Apply OnlineMankhurd is a railway station on t..

Home Loan for SRA Flat in Andheri

Home Loan for SRA Flat in Andheri

Home Loan for SRA Flat in AndheriClick  here to Apply OnlineAndheri is a locality of West Mumb..

Home Loan for SRA Flat in Bhandup

Home Loan for SRA Flat in Bhandup

Home Loan for SRA Flat in BhandupClick  here to Apply OnlineBhandup is a railway station o..

Home Loan for SRA Flat in Bandra

Home Loan for SRA Flat in Bandra

Home Loan for SRA Flat in BandraClick  here to Apply OnlineBandra is a railway station on the W..

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SRA Home Loan

SRA Home Loan

Two types of SRA projects

Owner's Flat - Where a slum-home owner surrenders his or her existing home in return for a new 300 sqft flat.

Builder's Flat - Where the remaining part is bought by the builder for free to open market, who can sell these homes to buyers for recovering the cost of construction.

There are some rules and regulations for SRA flats:

Once the slum owners get the possession of the flats after the construction is complete, they cannot sell the sra home for 10 years after possession, which has lock-in period - applicable to the builders as well.

After the lock-in period is over and when the home owner wishes to sell the property; then the state government is charges a fee to its share in the sale price. This is called as transaction fee which is equivalent to the maximum stamp duty on the property or Rs 1 lakh, whichever is more.

There is a law to buy a sra flat that is :- The homebuyers or their family members should not own a house within the muncipal corporation's limit. The buyer or the original seller is not allowed to buy any SRA flat. They must submit domicile certificates for the purchase.

SRA Home Loan in Mumbai

Partnership firms or companies are not allowed to buy SRA flats. A buyer must belong to the lower income group or middle-income group and economically weaker section,.

Home loan for SRA flats Buyers of SRA flats are eligible for home loans. However, banks can approve  the loan for purchase of such flats only when the lock-in period of 10 years is over and all necessary approvals from concerned authorities have been obtained. Home loan is processed only after thorough technical and legal check, like any outstanding loan from any other bank or NBFC. An approval from the SRA Authority is required. Things to remember The SRA homes have attracted many buyers who have been looking for cheap homes in Mumbai. However, one has to be cautious of the risks involved in buying such properties.

Experts have pointed out that about 1/3 of the total sra homes have been occupied illegally.

Some home buyers do not have proper documentation while some other home owners rent out their properties for money, soon after possession on the basis of rent agreement rather than sale deed. This is a violation of the SRA rules. In such a case, both the parties sign a mutual understanding affidavit, however, they are cannot get a  for home loan because of its legal status.

It is very important to check property title deed,  the ownership of the property which should be in the name of the sra home seller. 


It is advisable do not buy sra flat without getting a NOC from SRA Authoritty for  transfer of flat from earlier owner to new purchaser. To get his Noc you have to pay premium to SRA. In Mumbai, implementation of policy for transfer of SRA flat and SRA property tenements has not been commenced till date. The documents entered into with Purchasers shall not be registered by the SUB-Registrar under any provisions of the Registration Act. If its without Noc

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