Maharashtra: Mhada to offer 4,800 flats for sale in May next year | india | Hindustan Times
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Maharashtra: Mhada to offer 4,800 flats for sale in May next year

india Updated: Dec 22, 2014 22:24 IST
HT Correspondent
HT Correspondent
Hindustan Times

There is good news for those wishing to buy houses in the coming year. The Maharashtra Housing and Area Development Authority’s (Mhada) will offer 4,800 houses for sale in May next year.

“We are trying our best to get the maximum houses in the market,” said a Mhada official on condition of anonymity. The houses will be sold through computerised lottery, it was decided in a meeting last week, the official said.

In the largest number of homes being released for sale in recent times, the housing regulator said 1,000 homes will be in Mumbai, while the remaining will be spread across Thane, Virar and Vengurla. In Mumbai, the houses are located in Sion, Kurla, Mankhurd and Magathane.

Mhada, which had come in for criticism over the high prices of its apartments in the past, is trying to reduce the rates as much as possible, sources said.

Last year, the housing body had managed to bring only 2,641 houses located in Mumbai, Bolinj in Virar and Vengurla in Konkan’s Sindhudurg district up for sale. However, after it received a lukewarm response, Mhada had reduced prices by approximately 10.5%.

With sky-high real estate rates refusing to come down, flats made by the housing regulator have usually seen great demand. In the last six draws, 12.28 lakh applicants had tried their luck for the 18,648 homes put up for sale.

Housing activists have insisted Mhada make smaller, affordable homes.

“Mhada’s mandate is to provide affordable low-cost houses, but recently, even these have been beyond the reach of the common man. The state should subsidise Mhada homes so that people get houses at affordable rates,” said Vinod Sampat, advocate and housing activist.