Published & Updated as on - 2010-03-17

1,99,529 rental units to come up in Raigad and Thane Districts.
A total of 34,63,720 square meters of land gets locational clearance.
Six developers have received building permission.

Mumbai, March 12, 2010 – The Mumbai Metropolitan Region Development Authority (MMRDA) will soon make available two lakh rental houses for those who come to this vibrant city of Mumbai in search of their bread n’ butter. “MMRDA has sanctioned locational clearance to a total of 34,63,720 square meters of land to accommodate 1,99,529 rental units to come up in the Raigad and Thane Districts”, said an elated Mr.Ratnakar Gaikwad, Metropolitan Commissioner, MMRDA.

rom out of the 22 proposals approved by MMRDA, the Thane Municipal Corporation has granted building permission to four developers who will construct rental housing units at Majiwade, Panchpakhadi, Chitalsar-Manpada, and Naupada areas in District Thane. The Mira-Bhayendar and Ulhasnagar Municipal Corporations have granted building permission each to a developer in Mahajanwadi and Shahad areas. The remaining 16 developers too will receive building permission from the respective local bodies soon.

“The prime objective of implementing the Rental Housing Scheme in Mumbai Metropolitan Region is to make available stock of housing in the Mumbai Metropolitan Region on rental basis within the affordability limits for those who look forward to ensuring financial security to their lives. In view of the significant shortage of the housing for the poor and in accordance with the main objective of the housing policy of the State, MMRDA has vowed to construct or procure five lakh self contained Units admeasuring minimum of 160 sq.ft carpet area within Mumbai Metropolitan Region (MMR)”, said Mr.Gaikwad further.

The Government of Maharashtra has identified rental housing scheme as “Vital Public Purpose” project under the “Slum Prevention Programme”.

The MMRDA will make these self-contained units available on leave and license basis to Economically Weaker Section (EWS) at an affordable rent ranging from Rs.800/- to Rs.1,500/ per month.

Eligibility for Allotting Rental Housing:-

a) The allottee shall have employment / self employment / business within MMR and minimum family income shall be Rs. 5000/ – per month

b) The allottee and his family member shall not own any house in Mumbai Metropolitan Region

c) The allottee shall be continuously residing in the state of Maharashtra for at least 15 years before the date of application for Rental Housing

d) The allotment shall be made in the joint name of spouse, if married

Source: www.accommodationtimes.com 17/3/10