India, Sept. 25 -- The state urban development department (UDD) has proposed a steep increase in corpus funds for Slum Rehabilitation Authority (SRA) projects and is set to amend the Development Control and Promotion Regulations (DCPR) 2034 to make the changes effective.

Currently, every flat in an SRA project is entitled to a Rs.40,000 corpus. Under the new proposal, flats in towers up to 70 metres will receive Rs.1 lakh each, those in towers between 70 metres and 120 metres will get Rs.2 lakh, while residents of towers above 120 metres will get Rs.3 lakh per flat.

SRA chief executive officer Mahendra Kalyankar said the revision was essential to improve safety standards in high-rises. "Residents often complained that the earlier corpus...