MHADA reduces rates of its flats, extends date for registration and application

May 28, 2014, 21:46 IST | A Correspondent

In what is good news for people, MHADA has decided to decrease the rates of its properties

There is good news for people who have applied for the 2014 lottery of the Maharashtra Housing and Area Development Authority (MHADA) as they will have to shell out less money for the property.

The decision to decrease the rates of the houses was taken after a meeting by the MHADA authorities.

"MHADA has always been known for affordable housing and the issue about decreasing the rates of house and making them more affordable was discussed in the recent authority meeting. We have decreased the rates of houses by removed g few of the taxes that were earlier applicable on MHADA homes." a MHADA official said.

This year MHADA is conducting a lottery of a total of 2641 houses of which 814 are of Mumbai Board and 1716 houses of Konkan board along with another 111 houses of the Konkan board.

MHADA has also extended the online registration date and form (application date) submission date. Now, applicant can do online registration till June 7, 2014 (6 pm) and the submission date (application date) has been extended till June 9, 2014.

Below is the table about the old rates and the new revised rates of Mumbai Board Houses of MHADA

Area                                                Income Groups                                        Previous rates                                        Revised rates

Mankhurd                         Economically Weaker Section (EWS)       16,26,500                                         15,49,200

Vinoba Bhave Nagar, Kurla       Lower income group (LIG)                20,38,300                                         19,23,000

Pratiksha Nagar, Sion              Middle income group (MIG)              31,83,600                                         29,15,400

Magathaney, Borivali          Economically Weaker Section (EWS)        14,64,500                                        13,89,000

Shailendra Nagar, Dahisar         Higher income group (HIG)              80,98,500                                        76,99,000

Kolekalyan, Santacruz               Higher income group (HIG)              79,23,900                                       76,07,563

Tunga, Powai                           Middle income group (MIG)              48,86,500                                       48,07,666

Tunga, Powai                           Higher income group (HIG)              75,22,700                                       74,01,359

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