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Maharashtra Housing and Area Development Authority

MHADA-flats

MHADA To Get 200 More Tenements

The Maharashtra Housing and Area Development Authority (MHADA) has said that it is expecting to get a total built-up space of 70,000 sq.ft from developers who are redeveloping old and dilapidated buildings in the island city of Mumbai by the year-end. The chief officer of MHADA stated that the development body was yet to receive […]

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Datta housing society

Only Majority View To Be Considered During Redevelopment Says Mumbai High Court

The Bombay High Court has given an important ruling that only the decision of the majority members of a housing society must be taken into account while considering redevelopment. It said that the minority percent of the non-cooperating members cannot halt a redevelopment project. The ruling came in light of the opposition a mega-redevelopment project […]

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MHADA Plans Repossession of Unused Lands

In its latest move, the Maharashtra Housing and Area Development Authority (MHADA) has planned to take back the non-developed plots allotted to housing societies and charitable trusts. MHADA has taken this step as the land bank of MHADA is depleting. MHADA is the housing board responsible for building, allotment and maintenance of residential buildings under […]

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Private Equity Exit Painful as Rupee Falls

The rupee fall may have made the realty scenario attractive to NRIs improving property sales among them. However, it is not a good scene when it comes to private equity (PE) investors who fund the real estate developers. The PE firms are not only stuck with their current investments due to real estate stagnation, but […]

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MHADA Flats Touch Rs. 1 Crore

For the first time in its history, the cost of the houses which will be put for lottery by the Maharashtra Housing and Area Development Authority (MHADA) for the year 2014 will touch Rs. 1 crore. MHADA’s increased pricing MHADA is planning to construct about 250 flats for the high income group (HIG) in its […]

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