Published & Updated as on - 2010-02-24
The Maharashtra Housing and Area Development
Authority (MHADA) has taken up the task of constructing 15,008 affordable
houses, expected to be ready in Mumbai in the next two years.
The flats are located in
suburbs such as Dahisar, Ghatkopar, Mankhurd and Goregaon. They will be
released in the market in phases and allotted by a lottery system, said
Amarjeet Singh Manhas, Chairman, MHADA (Mumbai Board) while presenting his
annual budget on Monday.
MHADA
also gave its nod for development of colonies across Mumbai that house 30,000
tenants. Put together, all plans will create 1.25 lakh houses in the city,
which is likely to pull down real estate prices, Manhas said.
Speaking to the media,
Manhas explained MHADA’s decision to provide low cost houses to the citizens.
“In a city where realty prices have skyrocketed, we are the only ones to
provide low cost houses and we will stick to our agenda,” said Manhas. He said
that MHADA has earmarked Rs 105 crore capital for the year to undertake this
mandate. The government is also expected to chip in with a grant of Rs 103
crore as impetus towards this project, he added.
In
another significant announcement, the housing board has given the green signal
to 30,000 of the tenants living in its colonies spread across the city to
undertake redevelopment of their premises. It has also given a go-ahead to 241
slums located on its land to redevelop.
The
decision is expected to rehabilitate approximately 60,000 slumdwellers. “This
move will ensure at least 1.25 lakh new houses in the city and could also
result in realty prices coming down,” said Manhas.
Source: Hindustan Times 24/2/10
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