in

Mhada now plans to make Kalwa affordable housing hub, Real Estate News, ET RealEstate

Mhada now plans to make Kalwa affordable housing hub, Real Estate News, ET RealEstate
THANE: The Maharashtra Housing and Area Development Authority (Mhada) is planning to turn Kalwa into a hub of affordable housing in the state by constructing one of the biggest economically priced complexes here, cabinet minister Jitendra Awhad informed.

Speaking to he media in Thane last week, he said the department was working out a plan to procure a disputed land belonging to a now defunct engineering company spread over 100 acres in Kalwa (east).

The company had shut down few decades back and the issue of compensating its stakeholders is still pending in Court.

“The land is under litigation but Mhada is ready to settle the dues and purchase the land to construct one of Maharashtra’s biggest housing projects comprising 29,000 flats for the low, middle and high income group. In addition, nearby slum settlements and encroachments could also be brought under the fold,” said Awhad.

He said the idea is to project Kalwa as a place for affordable housing. “We plan to ensure flats that are being sold for over a crore would be available at a fraction of the cost,” Awhad said.

Follow and connect with us on , Facebook, Linkedin


What do you think?

Presented by Realty Beat

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0
Punjab & Haryana HC upholds share wise sale of houses in Chandigarh, Real Estate News, ET RealEstate

Punjab & Haryana HC upholds share wise sale of houses in Chandigarh, Real Estate News, ET RealEstate

More irregularities tumble out of Bengaluru development body as raids resume, Real Estate News, ET RealEstate

More irregularities tumble out of Bengaluru development body as raids resume, Real Estate News, ET RealEstate