After declaring 96 buildings in Mumbai as 'exteremely dangerous', MHADA said it will pay Rs 20,000 per month as rent only to those residents who agree to vacate the structures.

In a circular detailing a Standard Operating Procedure, with the approval of MHADA Vice-President and CEO Sanjeev Jaiswal, the housing body also said the decision to allot a transit tenement or grant monthly rent shall rest with the chief officer of the Board. If the rent disbursal is approved by Jaiswal, the fixed rent of Rs 20,000 per unit shall remain unchanged, with no annual increment, it further stated, adding that MHADA shall not be liable to pay interest or penalties on rent payments.

In a press release on Friday, the housing body said tenants and residents availing this scheme must execute an agreement with the deputy chief officer or the Transit Camp Department. The full cost of executing this agreement shall be borne by the tenant or resident and an indemnity bond will also be made mandatory.