Maharashtra Housing
There is good news in the offing for seekers of affordable housing in Mumbai. The Maharashtra Housing and Area Development Authority (MHADA) is set to release 4,468 affordable houses during its annual lottery in May-June this year. However, owing to the housing board’s exhausted land bank within city limits, of the total houses, only 17 [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
Maharashtra government is all set to have a first-of-its-kind housing regulator. Orders can be passed by the regulatory body so that 10 per cent of the total project can be transferred to buyers who can sell it further in the market to cross-subsidise the construction cost. To achieve this, builders will not be allowed to [...] Continue Reading »
