‘Mhada flats still cheaper than mar­ket rate’

The Times of India (Mumbai edition) - - TIMES CITY -

Mum­bai: Mhada has said cer­tain ex­pen­sive apart­ments in its up­com­ing lot­tery of Novem­ber 10 are still cheaper than those of­fered by pri­vate builders.

Mhada chief of­fi­cer (Mum­bai board) Sub­hash Lakhe re­sponded to the TOI news re­port on Satur­day, which showed how at least 200 flats in the up­com­ing lot­tery of Novem­ber 10 cost Rs 1.4 crore to Rs 2 crore.

Lakhe said he wished to clar­ify that the hous­ing board flats were cheaper than mar­ket rate. “For in­stance, much is be­ing said about our HIG flats in Parel which cost Rs 1.4 crore to Rs 1.95 crore. Pri­vate builders in this lo­cal­ity are sell­ing houses at the rate of Rs 37,000 per sq ft whereas our flats are priced Rs 30,307 per sq ft. Mhada flats and ten­e­ments are big, and at least 20% cheaper than pri­vate homes. We cal­cu­late sale prices based on ready reck­oner rates,” he said.

Cit­i­zens have com­plained that the hous­ing board has aban­doned its man­date of pro­vid­ing af­ford­able hous­ing to low and mid­dle in­come groups.

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