Since 1977, Maharashtra Housing Area Development Authority (Mhada) has been synonymous with affordable housing. Although the last few years did not really see 
‘affordable’ housing coming up, the situation changed drastically three months ago when Mhada came out with its first ‘one-room-kitchen set’ at Malad-Malvani. Around 850 flats were sold, with almost a lakh Mumbaikars trying their luck at the lottery. The last year ended with a bang when Mhada announced its ‘town plan’ of 3,500 flats for lower and middle-income groups at Sion, Vikhroli, Ghatkopar, Dahisar and Chembur and high-end premium flats at Versova.
But that's the end of joy. Buyers would get their keys only after making full and final payment. Presently, the least expensive LIG flats available at Dahisar and Ghatkopar are priced at Rs 3.5 lakh, the expensive HIG Versova flats at Rs 32 lakh to Rs 42 lakh and the MIG flats are priced between Rs seven to 16 lakh, and a one-time payment might push people to avail of bank loans.....Continue
‘affordable’ housing coming up, the situation changed drastically three months ago when Mhada came out with its first ‘one-room-kitchen set’ at Malad-Malvani. Around 850 flats were sold, with almost a lakh Mumbaikars trying their luck at the lottery. The last year ended with a bang when Mhada announced its ‘town plan’ of 3,500 flats for lower and middle-income groups at Sion, Vikhroli, Ghatkopar, Dahisar and Chembur and high-end premium flats at Versova.But that's the end of joy. Buyers would get their keys only after making full and final payment. Presently, the least expensive LIG flats available at Dahisar and Ghatkopar are priced at Rs 3.5 lakh, the expensive HIG Versova flats at Rs 32 lakh to Rs 42 lakh and the MIG flats are priced between Rs seven to 16 lakh, and a one-time payment might push people to avail of bank loans.....Continue
