Maharashtra government updates MHADA houses regulations
Real Estate

Maharashtra government updates MHADA houses regulations

According to the new guidelines, apartments in the MIG category can now be up to 968 square feet in size, up from the previous maximum of 1,722 square feet.

The Maharashtra government has revised the guidelines to modify the permitted carpet area of apartments to be built and sold through the lottery mechanism of the Maharashtra Housing & Area Development, the state government's nodal agency and statutory housing authority.

The carpet area cap for the HIG category has been extended from 2,152 square feet to any configurations larger than 968 square feet.

The Economically Weaker Section (EWS) and Low Income Group (LIG) are not permitted to apply for HIG segment flats, according to the state administration. Before, applicants from these categories were eligible to submit applications for all apartments, regardless of category.

According to the revised rules, candidates from the EWS category may apply for flats in the EWS and LIG segments, whereas applicants from the LIG segment may apply for apartments in the LIG segment and MIG. In the same way, MIG and HIG flats are open to potential homebuyers. However, the Government Resolution (GR) stated that HIG homebuyers could only apply in their category.

A individual with an annual income between Rs 6 lakh and Rs 9 lakh falls within the EWS and LIG category in areas like Mumbai Metropolitan Region (MMR), Pune Metropolitan Region Development Authority (MRDA), and Nagpur, in addition to other cities with a population of above 10 lakh.

An applicant falls into the MIG if their annual income is up to Rs. 12 lakh; applicants who earn more than that are considered to be in the high income group. All flats currently being built or that will be erected in the future under different MHADA projects and on land parcels assigned by the development authority will be subject to the amended guidelines.

See also:
Maharashtra govt to list Mhada layouts for cluster redevelopment shortly
Maharashtra no longer needs to approve MHADA redevelopment projects


According to the new guidelines, apartments in the MIG category can now be up to 968 square feet in size, up from the previous maximum of 1,722 square feet. The Maharashtra government has revised the guidelines to modify the permitted carpet area of apartments to be built and sold through the lottery mechanism of the Maharashtra Housing & Area Development, the state government's nodal agency and statutory housing authority. The carpet area cap for the HIG category has been extended from 2,152 square feet to any configurations larger than 968 square feet. The Economically Weaker Section (EWS) and Low Income Group (LIG) are not permitted to apply for HIG segment flats, according to the state administration. Before, applicants from these categories were eligible to submit applications for all apartments, regardless of category. According to the revised rules, candidates from the EWS category may apply for flats in the EWS and LIG segments, whereas applicants from the LIG segment may apply for apartments in the LIG segment and MIG. In the same way, MIG and HIG flats are open to potential homebuyers. However, the Government Resolution (GR) stated that HIG homebuyers could only apply in their category. A individual with an annual income between Rs 6 lakh and Rs 9 lakh falls within the EWS and LIG category in areas like Mumbai Metropolitan Region (MMR), Pune Metropolitan Region Development Authority (MRDA), and Nagpur, in addition to other cities with a population of above 10 lakh. An applicant falls into the MIG if their annual income is up to Rs. 12 lakh; applicants who earn more than that are considered to be in the high income group. All flats currently being built or that will be erected in the future under different MHADA projects and on land parcels assigned by the development authority will be subject to the amended guidelines. See also: Maharashtra govt to list Mhada layouts for cluster redevelopment shortly Maharashtra no longer needs to approve MHADA redevelopment projects

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?