Tuesday, 15 May 2012

Boost for affordable housing as landowners, Mhada joins hands in Mumbai

In Mumbai, keeping in view the shortage of affordable housing, the state government has approved a policy that enables private landowners to lease out land to the state housing agency Mhada in exchange for incentive in development rights. This could create around 1 lakh additional homes, which could be auctioned through the Mhada lottery.