MHADA To Build Nearly 7,000 Affordable Homes In Goregaon

Sources in MHADA have revealed that around 70 percent of the houses to be built will be reserved for the Lower Income Group (LIG) after the MHADA was criticized heavily for the skewed allotment of houses reserved for the LIG in 2017.

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MHADA To Build Nearly 7,000 Affordable Homes In Goregaon

The Maharashtra Housing and Area Development Authority (MHADA) has successfully appointed a contractor to build nearly 7,000 affordable homes in Goregaon. The authority has given the contract to BG Shirke Construction Company for the project to be completed by 2022, confirmed the Vice President and CEO of MHADA.

Read Also: MHADA Government Proposed Joint Venture Option With Landowners

The move was long withstanding as MHADA had decided to construct 7,500 houses in Goregaon in November 2017. Sources in MHADA have revealed that around 70 percent of the houses to be built will be reserved for the Lower Income Group (LIG) after the MHADA was criticized heavily for the skewed allotment of houses reserved for the LIG in 2017.

According to a senior MHADA official, Shrike will construct the houses at the rate of Rs 25,700 per square metres.

Read Also: Maha Govt To Terminate Contracts Of Builders If MHADA Projects Delayed

To push its flagship project of creating 22 lakh houses by 2022, the Maharashtra government has also proposed a joint venture option with landowners. Under the plan, state-run Maharashtra Housing & Area Development Authority (MHADA) plans to team up with private landowners for the construction and sale of housing units to the persons from the Economically Weaker Section (EWS) and Lower Income Group (LIG).

MHADA, which has deposits worth Rs 6,000 crore, will invest the money to construct at least 10 lakh homes in Mumbai Metropolitan Region (MMR) and another five lakh in rest of Maharashtra under this formula.

Read Also: MHADA To Float Tender To Construct 6,000 Affordable Homes Lottery

A state Housing Department officials told the department has worked out 65:35 formula wherein joint venture option MHADA will be entitled to sell 65 percent of the homes through lottery system while the private landowner can sell the balance 35 per cent housing units to EWS and LIG. There are large land parcels like 100 to 500 acres in the Mumbai Metropolitan Region.

Source Link- http://www.dnaindia.com/

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