In addition, Mhada has doubled its budget for joint ventures with private landowners and builders, from Rs. 100 crore last year to Rs. 200 crore this fiscal. However, most of these JVs are in the outskirts of the city - Thane and Navi Mumbai.
The housing authority has also embarked on a drive to purchase land in emerging markets such as Pune, Nagpur, Aurangabad and Amravati, and has sanctioned Rs. 680 crore for the initiative.