MHADA aims to complete 2,300 houses in Goregoan by Feb 2023

17 Jun 2022 CW Team

The Maharashtra Housing and Area Development Authority (MHADA) is carrying out one of the biggest housing projects in Goregoan at Pahadi layout and strives to complete 2,300 houses by February 2023.

The Mumbai board of MHADA will call the housing lottery draw this Diwali. Results in the houses will be prepared to be handed over to the winner in the coming six months after that.

MHADA is undertaking this housing project wherein houses for economically weaker section groups, along with middle, lower, and higher-income groups people will be made public at Pahadi Goregoan. In a phase-wise way, around 7,000 houses will be built on two layouts.

The Mumbai board of MHADA was unable to call a housing lottery draw for the past three years. About 217 houses have been presented in Mumbai since the last draw was held in April 2019.

Similarly, it held the lottery draw for only 1,395 houses in 2018, and 819 houses were kept for sale in 2017. Therefore, the MHADA's Pahadi Goregoan housing project will be a hope for those homebuyers, who have been waiting for affordable houses in Mumbai via a lottery draw, said the official.

Earlier this month, Housing Minister Jitendra Awhad did a site visit and ensured that a lottery draw will be held this year.

Amid the Covid-19 pandemic, the Pahadi Goregaon project was slowed down due to labourers leaving their villages.

MHADA officials feel the work speed has grown and will complete the project as per the expected timeline.

Image Source

Also read: Maharashtra govt to extend PMAY Urban scheme till September 2022

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..