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Coming up: 9,000 new homes on rent

Five new rental housing projects, with 9,000 units, will be built in the Mumbai Metropolitan Region.

mumbai Updated: Jul 05, 2010 00:36 IST
HT Correspondent
HT Correspondent
Hindustan Times

Five new rental housing projects, with 9,000 units, will be built in the Mumbai Metropolitan Region.

The Mumbai Metropolitan Region Development Authority (MMRDA) has given the go ahead to five new rental housing projects, which will take the total number of rental homes under construction to 2.17 lakh.

Some of these 2.17 lakh houses are likely to be completed by the end of this year.

There will be two projects at Chitalsar in Thane. One will be developed by Ascent, which will build 2,400 units and the other will be by Friends Development Corporation, which will build 1,300 units.

Century Rayon Developer will make 360 units in Shahad, Ulhasnagar. Eco Homes will build 4,300 houses in Bhiwandi-Ranjanoli and 640 units at Naupada, Thane.

These projects take the total number of rental housing projects in the Mumbai Metropolitan Region (MMR) to 29. “The rental housing project is being implemented by the MMRDA under the Slum Prevention Programme,” Metropolitan Commissioner Ratnakar Gaikwad said.

“The prime objective is to make available a stock of housing in the MMR on rent within affordable limits.”

Under the rental housing scheme, MMRDA plans to construct five lakh homes that can be given on a rent between Rs 800 to Rs 1,500. Anyone who has been living in Maharashtra for the last 15 years and working in the MMR with a minimum monthly income of Rs 5,000 can apply for a house under this scheme.

This model can be implemented in municipal corporation limits of Mumbai (suburbs), Thane, Kalyan-Dombivli, Mira-Bhayander, Bhiwandi-Nizampur, Ulhasnagar and Special Planning Authority areas in the Vasai-Virar sub-region, and Ambernath, Kulgaon, Badlapur and the Surrounding Notified Areas.

These projects can also be undertaken in municipal councils of Panvel, Karjat, Pen, Uran, Alibagh and Khopoli.

First Published: Jul 05, 2010 00:34 IST