MHADA houses to be cheaper this year

The hous­ing author­ity has also de­cided to slash the rates of the houses it gets from de­vel­op­ers

Mid Day - - CITY - A COR­RE­SPON­DENT mailbag@mid-day.com Uday Sa­mant, Shiv Sena leader and MHADA pres­i­dent

IN a bid to of­fer houses to buy­ers at much cheaper rates, the Ma­ha­rash­tra Hous­ing Area and De­vel­op­ment Author­ity (MHADA) has de­cided to re­duce the prices of those it gets from de­vel­op­ers. Not just this, even the rates of the houses con­structed by MHADA and of­fered through lot­tery, will be 30 per cent less com­pared to last year. Hence, the houses that were sold for R1.4 crore last year will now cost R99 lakh.

Ac­cord­ing to sources, of the to­tal 1,194 houses that are ex­pected to be part of the lot­tery, MHADA will get 146 from builders. “The 146 homes will be sold at 70, 60, 50 and 30 per cent of ready reck­oner rates for higher in­come groups, mid­dle in­come groups, lower in­come groups and eco­nomic weaker sec­tions, re­spec­tively,” said an of­fi­cial.

Sources fur­ther said that even though the rates for the houses con­structed by MHADA will be slashed by 30 per cent, the prices would in­clude the de­pre­ci­a­tion cost of those con­structed three to four years back.

Speak­ing to mid-day, Uday Sa­mant, Shiv Sena leader and MHADA pres­i­dent, said, “If Sena was given the power to take such de­ci­sions ear­lier, then cit­i­zens would not have suf­fered due to the steep prices of houses. There are many fac­tors that have been con­sid­ered. We want to give houses at af­ford­able rates, as that’s the ul­ti­mate aim of MHADA.”

‘If Sena was given the power to take such de­ci­sions ear­lier, then cit­i­zens would not have suf­fered due to steep prices of houses’

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