MHADA Passed Annual Budget To Build 15,430 New Low-Cost Houses

The 2018-19 budget was presented by the chief executive officer, Chief minister passed the budget on Monday. The low-cost houses will be built to boost Pradhan Mantri Awas Yojana (PMAY), a housing scheme introduced by the centre.

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MHADA Passed Annual Budget To Build 15,430 New Low-Cost Houses

Giving a boost to Maharashtra’s plan of affordable housing, the Maharashtra Housing and Area Development Authority (MHADA) has passed its annual budget of Rs 6,316 crore. Nearly Rs 4,000 crore will be spent on construction of new low-cost houses for Mumbaikars. A total of 15,430 houses will be built in the coming year by the authority.

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The 2018-19 budget was presented by the chief executive officer, Chief minister passed the budget on Monday. The low-cost houses will be built to boost Pradhan Mantri Awas Yojana (PMAY), a housing scheme introduced by the centre.

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The proposed houses will be built in the Mumbai and Konkan region of the state. Furthermore, the authority has taken up repairs of 947 dilapidated buildings as compared to 850 buildings which were taken for repairs last year. According to MHADA officials, Rs 5,180 crore will be spent for redevelopment and construction activities this year.

Read Also: Centre Approved 3.21 Lakh More Affordable Houses Under PMAY-Urban

Meanwhile, Rs 25 crore has been allocated for the upkeep of structures, that come under the Prime Minister Subsidy Programme.

Source Link- http://www.asianage.com/.

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