MHADA sets policy for 11,184 flats sale across divisions

01 Nov 2023

The Maharashtra Housing and Area Development Authority (MHADA), the state government's housing body, has established a policy for the sale of its unsold 11,184 apartments across various divisional circles.

It was informed that the policy had been set based on the recommendation of a committee that had been constituted to review and study the issue.

In accordance with the new policy, Sanjeev Jaiswal, MHADA?s Vice Chairman & Chief Executive Officer, directed the divisional boards of the housing body to take immediate action for the sale of vacant flats.

As per the specifications laid down by the authority in the policy, the divisional boards were instructed to submit proposals to the government for the relaxation of certain conditions for the option of ?direct sale of apartments? and to seek approval.

It was mentioned that individuals, organizations, government, semi-government employees, and MHADA employees interested in purchasing 100 or more flats in bulk could be offered a discount on the price of the flats under this option.

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