Maharashtra government discards MHADA’s proposal
The state government of Maharashtra has rejected Mhada’s proposal of allowing flat owners to lease out their houses within the five-years lock-in period.
The state expressed its opinion that by allowing this move, people looking at low-cost houses as an investment opportunity will be encouraged. Meanwhile, it will be unfair to those who are homeless.
Mhada takes an undertaking from the buyer that if the buyer sells or leases out the flat within five years, the authority shall seize the flat allotted.
State housing secretary, Gautam Chatterjee, said that he will shortly discuss the matter with the concerned minister.
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Source: Hindustan Times
five-year lock-in period, Flat owners, Gautam Chatterjee, lease out their houses, low-cost houses, Mhada, minister, State housing secretary, The state government of Maharashtra
