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MHADA serves developers notices for defaulting on payments worth 110 crore

<p>MHADA has 22,000 transit camps of which 3,000 have been given on rent to developers for accommodating those rehabilitated under slum development schemes</p>

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It's time for about 45 developers of the city to face the consequences of what they have been doing time and again. The Maharashtra Housing Area and Development Authority (MHADA) has served them notices for defaulting on payments for the transit camps they have taken on rent for various projects. The authority, which awaits payment of '110 crore, has even warned the developers that if they fail to pay up, then their bank accounts may be attached for recovery.

Developers of transit camps have been defaulting on payments for years. File pic
Developers of transit camps have been defaulting on payments for years. File pic

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