House that! Mumbai to get 24,000 more homes by 2011

News Posted - 2010-02-08

Here’s good news for lakhs of house-hunters, the Maharashtra Housing and Area Development Authority (MHADA) has decided to construct and allot 24,000 houses in the city by March 2011.

The plan was unveiled during the presentation of the Rs 2974-crore budget of MHADAs Mumbai Board. Mumbai Board chairperson Amarjeetsingh Manhas said that MHADA in October this year plans to release 3,000 flats in the market. “About 2,000 flats would be for those in the Economically Weaker Section (EWS),” Manhas said. These houses would be in addition to the 3,863 flats that are about to be allotted to applicants through the lottery system.

MHADAs decision to construct more flats for the EWS and Low Income Group (LIG) has been prompted by the Central government’s move to release funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The funds released would be up to Rs 1.61 lakh for each EWS flat, Rs 2 lakh for every LIG flat built and Rs 2.10 lakh for mill workers homes.

MHADA will be constructing 6000 homes for retrenched mill workers on the land handed over to them. Besides the 24,000 homes that the housing board will construct over the next two years, the MHADA will get another 5,244 flats through redevelopment of seven of its colonies in joint venture with private developers. “Most of these flats will be for the low and middle income groups with an area of 300-450 sq ft each,” Manhas said.

The colonies that will be reconstructed in this way include Gyaneshwar Nagar in Sewri, Siddharth Nagar in % Goregaon, Aaram Nagar in Versova, Dadasaheb Gaikwad Nagar in Malvani, Lokmanya Nagar in Dadar, PMGP Colony at Mulund and the police housing society at Ramabai Nagar in Ghatkopar. Besides the colonies that will be redeveloped through joint venture, MHADA has given its No Objection Certificate to private developers to redevelop 60 buildings in its colonies all over Mumbai.

Source: The Indian Express