MMRDA to put on sale 2,500 affordable flats
Nov 19, 2013
Source : The Times of India

 

MUMBAI: For those waiting to buy affordable small flats, around 2,500 tenements are almost ready in Thane and Vasai-Virar.

The state government recently directed the Mumbai Metropolitan Region Development Authority (MMRDA) to put on sale, at rates decided by the government inspector general of property registration in Pune, 50% of the flats built under its rental housing scheme.

The scheme was originally meant to rent out 160 sq ft flats to people who were unable to buy a home or lived in slums. The MMRDA has 5,000 such flats.

“The existing stock is of smaller size [160 sq ft] flats only,” a senior government official said, requesting anonymity. “Another stock of 5,000 such flats will be ready by this fiscal-end for people to buy. Next fiscal onwards, the size of flats in upcoming schemes will most probably go up to 320 sq ft.”

MMRDA has plans to create five lakh such flats in the metropolitan region in the next three years.

A notification issued by the state government stated that MMRDA might allow amalgamation of tenements created under the rental housing scheme. The scheme will benefit the lower income group and the economically weaker section.

The notification said: “MMRDA can earmark up to 50% tenements created under various housing schemes in the metropolitan region under the rental housing scheme for allotment on ownership basis as affordable housing. They can be sold as per the guidelines laid down by the government at government pricing and only to the class of allotees under affordable housing category.”

Officials said the move would benefit former mill employees. Sources said that of the 5,000 flats that are ready, around 2,500 had already been given to the Thane Municipal Corporation to house victims of the building collapse incidents and the needy.

 

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