MHADA Eases Financial Burden: Maintenance Fees Post-Possession Only
Real Estate

MHADA Eases Financial Burden: Maintenance Fees Post-Possession Only

In a landmark policy reform, the Maharashtra Housing and Area Development Authority (MHADA) has announced that maintenance charges and property taxes for scattered housing units and plots will now only be applicable from the date of possession. This move, led by IAS officer Sanjeev Jaiswal, Vice President and CEO of MHADA, is a significant relief for beneficiaries of its housing schemes.

Previously, beneficiaries were required to pay these charges from the date of allotment, even if possession was delayed. This often placed an unfair financial burden on individuals while properties remained under MHADA’s control. Under the new policy, beneficiaries will only incur costs from the date they take possession, ensuring a more equitable and transparent system.

Highlighting the importance of this change, Sanjeev Jaiswal stated, "Beneficiaries should not bear financial burdens for delays beyond their control. This decision ensures fairness for all."

To further enhance transparency, MHADA has instructed Executive Engineers to include pending charges like maintenance fees and property taxes in the sale price of flats and plots during future allocations, ensuring clear pricing without hidden costs.

For beneficiaries who have already taken possession but continue to pay these charges to housing societies, MHADA will settle such dues directly with the societies. These costs will be adjusted in upcoming housing schemes, although individuals who have already paid these charges are excluded from this benefit.

Additionally, MHADA plans to utilise cushion funds, such as those reserved for anticipated liabilities or location-based premiums, to clear outstanding dues from earlier months. This ensures that no additional costs will be passed on to beneficiaries due to administrative delays.

This reform reflects MHADA’s commitment to fairness, transparency, and easing financial stress for beneficiaries across Maharashtra.

In a landmark policy reform, the Maharashtra Housing and Area Development Authority (MHADA) has announced that maintenance charges and property taxes for scattered housing units and plots will now only be applicable from the date of possession. This move, led by IAS officer Sanjeev Jaiswal, Vice President and CEO of MHADA, is a significant relief for beneficiaries of its housing schemes.Previously, beneficiaries were required to pay these charges from the date of allotment, even if possession was delayed. This often placed an unfair financial burden on individuals while properties remained under MHADA’s control. Under the new policy, beneficiaries will only incur costs from the date they take possession, ensuring a more equitable and transparent system.Highlighting the importance of this change, Sanjeev Jaiswal stated, Beneficiaries should not bear financial burdens for delays beyond their control. This decision ensures fairness for all.To further enhance transparency, MHADA has instructed Executive Engineers to include pending charges like maintenance fees and property taxes in the sale price of flats and plots during future allocations, ensuring clear pricing without hidden costs.For beneficiaries who have already taken possession but continue to pay these charges to housing societies, MHADA will settle such dues directly with the societies. These costs will be adjusted in upcoming housing schemes, although individuals who have already paid these charges are excluded from this benefit.Additionally, MHADA plans to utilise cushion funds, such as those reserved for anticipated liabilities or location-based premiums, to clear outstanding dues from earlier months. This ensures that no additional costs will be passed on to beneficiaries due to administrative delays.This reform reflects MHADA’s commitment to fairness, transparency, and easing financial stress for beneficiaries across Maharashtra.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Infrastructure Urban

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Infrastructure Energy

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement