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Home > Forum > Mumbai > Real estate News > MHADA has provided 438 hectares for housing

MHADA has provided 438 hectares for housing

Q: The state housing department has demanded for 438 hectares of collector's land free of cost.

affordable housing
mhada
mmr
prakash mehta
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Replies (2)
1
It means, the MHADA tenements will then need only construction cost. This will surely reduce the prices of flats further down even in the private sector. However, there will be no impact on the realty prices in Mumbai.
Puneet Laskar


2
Yes, even the revenue department officials said that the land can be transferred without any cost provided the finance department approves of it. If it does work then the government would have subsidized the land cost.
Puneet Laskar


As per state housing minister Prakash Mehta, the plots spread over the Mumbai Metropolitan Region will be used by the Maharashtra Housing Area Development Authority to create affordable housing.
Diwakar Shetty,  
13th January 2016


3

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