PPP model to ac­quire land for low-cost homes

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

Mum­bai: The state is mulling a pub­lic-pri­vate part­ner­ship pol­icy un­der which it plans to ac­quire land in the Mum­bai Metropoli­tan re­gion and de­velop low-cost homes to give fur­ther im­pe­tus to its af­ford­able hous­ing scheme.

The pol­icy is likely to be pre­sented to the cab­i­net in a month, state hous­ing min­is­ter Prakash Me­hta said on the side­lines of an event on Thurs­day.

“There are large land parcels like 100-500 acres in the re­gion where own­ers want to de­velop them but don’t have fi­nances... Now, un­der the new pol­icy, we are propos­ing that we will ac­quire these land parcels through Mhada and de­velop af­ford­able homes and com­pen­sate land own­ers,” Me­hta said.

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