Home aspirants of MHADA draw may have to wait for two years
The home buyers who have applied for the next year’s draw of lots by the Maharashtra Housing and Area Development Authority (MHADA) may have to wait for two years to get possession of the homes.
In the course of its annual lottery, senior MHADA officials announced that they would be releasing a total of 4,272 houses in Virar and Mumbai around this time next year.
Of this, a total of 1,836 low income group (LIG) and 850 middle income group (MIG) houses are under construction in Virar.
Another 1592 houses are at under construction stages, which will be ready in March 2014. MHADA also planned to add another 84 apartments at Pratiksha Nagar in Sion but those will take even longer to complete.
Incidentally, MHADA is yet to hand over many of the houses sold in last year’s lottery.
In fact, it recently decided to raise the prices of their HIG (high income group) apartments at Powai by Rs 15 lakh and for the LIG Malvani houses at by Rs 2.5 lakh a year after the buyers were handed over their provisional offer letters and had paid the original cost of the houses.
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Affordable flats are less in Mumbai
Source: Express India
apartments at Pratiksha Naga, houses in Virar, Maharashtra Housing and Area Development Authority, Mhada
