Source :- Times PropertyContinue Reading
Realty developers’ bodies CREDAI CREDAI-MCHI and CREDAI Maharashtra have entered into two separate
agreements with the government of Maharashtra to develop over 9 lakh affordable houses across the state between 2018 and 2022 to support the government’s objective of ‘Housing For All by 2022’. Members of the developers’ body the Confederation of Real Estate Developers Association of India or CREDAI-MCHI will be building 2.5 lakh homes in Mumbai Metropolitan Region, while remaining 6.5 lakh homes will be constructed across rest of Maharashtra by the members of CREDAI Maharashtra.
The 182 winners of Maharashtra Housing and Area Development Authority’s (MHADA) lottery in 2015 will have to pay Rs 2 lakh extra for MHADA’s laxity. In 2015, MHADA conducted lottery for 997 homes in Pratiksha Nagar, Mankhurd, and Gavanpada in Mulund and Unnatnagar in Goregaon. Of these, 182 homes were for low income group in Gavanpada. However, as these buildings did not have an occupation certificate (OC) from BMC, the lottery winners were not issued allotment letters. The MHADA has now secured OC for these building. The housing authority proposes to increase flat prices, said a senior MHADA official who did not want to be named.