Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Apartments to be constructed by MHADA in a joint venture with builders

Maharashtra Housing and Area Development Authority (MHADA) has planned for a joint venture with private developers to construct residential apartments in Mumbai.

MHADA took this decision, as the cost of the properties are rising beyond the reach of the common man and there is a huge difference between demand and supply of residential apartments in Mumbai.

According to the joint development policy, the minimum area of the residential society will be 2000 sq. m. MHADA will bear the cost of the construction  and the developer will construct the apartments. 60 percent of these apartments will be reserved for the EWS (economically weaker section) /LIG (lower-income group) /MIG (middle-income group) categories.

 

More related stories:

Signs of property prices falling down in Mumbai

Average flat in Mumbai costs Rs 2.60 crore

Source: DNA India

4 Responses to “Apartments to be constructed by MHADA in a joint venture with builders”

  1. [...] Apartments to be constructed by MHADA in a joint venture with builders [...]

  2. nilesh says:

    this scheme available for city or suburbs?
    what is the procedure?
    it is easy?

  3. nilesh says:

    what is the procedure for joint development with private society?
    it is easy to possible?
    this scheme available for city or suburbs?

  4. [...] More Related Stories Online Lottery System of MHADA Fails to Work Houses in Maharashtra are no more affordable Apartments to be constructed by MHADA in a joint venture with builders [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!