low-cost houses
With the rates of properties in Mumbai touching sky, Maharashtra Housing and Area Development Authority (MHADA) has come up with a scheme to provide low cost houses in the city limits of Mumbai. MHADA will team up with different builders in joint ventures to provide 40,000 low-cost houses through this model. These developments will be mostly in [...] Continue Reading »
Pimpri Chinchwad New Township Development Authority (PCNTDA) has planned to build around 1164 low cost houses in Chinchwad. The body has about 4.5 hectares of land in Walhekarwadi of Chinchwad. The flats will be of two sizes measuring 280 sq ft and 390 sq ft. Clusters of six to seven buildings will be built. The authority has [...] Continue Reading »
The draconian Urban Land Ceiling (Regulation) Act (ULCRA) was scrapped by the Maharashtra government four years ago, which still continues to be a bitter issue between the state and builders. Though nearly forty notices were issued from past one year by the state urban development department to return the tenements to government, many developers challenged [...] Continue Reading »
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. [...] Continue Reading »
