Logo
Govt of India
Logo
bg
bg
bg
PMAY

 

Private developers in Mumbai will build 90 % of 11 lakh affordable homes

27 Apr 2015

Maharashtra state government has set the target of providing 11 lakh affordable houses  in the Mumbai Metropolitan Region (MMR) by 2022, More than 90 per cent will come from private developers. Nearly 44 per cent of the total houses would have a larger carpet area ranging from 600 sq ft to 800 sq ft and above according to the yet-to-be released draft housing policy which states that its main thrust would be creation of homes for those from the economically weaker sections, low and middle income groups.   mumbai affordable houses numbers   A major chunk of the promised affordable homes, that is 7.9 lakh, are proposed to come up in Greater Mumbai while the remaining would be mainly in Thane, Navi Mumbai, Mira-Bhayander, Vasai-Virar and Ulhasnagar areas of MMR. Of the total houses in Mumbai, merely 75,000 will be built by Maharashtra Housing and Area Development Authority (MHADA) and sold at affordable rates. The rest is proposed to be created by private developers, where the prices would be determined by market forces. A large portion of the proposed homes in Mumbai are to expected through Slum Redevelopment Authority (SRA) schemes which is estimated to yield 2.34 lakh homes over the next seven years. Of this, 1.38 lakh homes will be for rehabilitating the existing slum residents. The policy is expected to be released soon and has set a target of creating 19 lakh homes across the state by 2022. Also check Current status affordable housing in gurgaon

Signature Global Affordable Housing

Pareena Laxmi Homes

Maxworth Aashray

Signature Global Affordable Housing

Lotus Homz Affordable Housing

Maxworth Aashray

Pareena Laxmi Homes

Discuss on this Topic

Lotus Homz Affordable Housing

Signature Global Affordable Housing

Maxworth Aashray

Pareena Laxmi Homes

Latest Real Estate News


Final hurdle on Dwarka e-way off, to be ready by March 2018 13 Jan 2017
New Delhi: The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch Read More
PM Awas Yojana: Realtors hail increase in carpet area for houses; stocks up 17 Nov 2017
The Centre on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Aw Read More
Cabinet nod for Rs 25,700 crore convention centre at Dwarka 11 Nov 2017
NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national Read More
Get your home custom-made the way you want In Gurgaon. 16 Sep 2017
PAREENA Developers offering an option to get one’s home custom-made the way one desires. Customisation in India is no more restricted to Read More
Create jobs to boost commercial real estate 16 Jul 2017
Realty consultants want the state to do whatever it takes to attract big names in the IT sector as that will create more job opportunities Read More
Realtors must enroll under Madhya Pradesh RERA to get land registered 16 Jul 2017
  The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and c Read More
Under Real Estate Regulation Rules state cabinet excludes realty projects that are complete 60% 09 Jul 2017
  The state cabinet on Wednesday cleared the long-awaited Real Estate (Regulation and Development) Rules, framed under the Real Estate Reg Read More

Trending News


No end of problem for Dwarka Expressway, oustees to boycott 3rd draw today 29 Aug 2016
  GURGAON: Huda's plan to speed up the progress of Northern Peripheral Road (NPR) oustees may have run into trouble once more. The develop Read More
7th pay fee: Home income likely to improve, say realtor 12 Jul 2016
  New delhi: actual property enterprise bodies on Wednesday stated housing sales are anticipated to improve following implementation of se Read More
200 homes razed in Gurgaon as Huda cracks down on squatters 11 Sep 2016
GURGAON: The Haryana Urban Development Authority (HUDA) on Thursday destroyed nearly 200 houses built over encroached land in sectors 49 and 50. Encr Read More
Current Status of Affordable Housing Projects in Gurgaon 05 May 2015
From the last 6 months, one product that is selling like hot cakes in gurgoan is affordable homes thanks to haryana government for taking such a huge Read More
Top 5 Best Property Cities in India 26 Jun 2015
Luxury property today has been changing definitions! What is the price you pay for a big, beautiful house that is every neighbour’s envy? Is it Rs 1, Read More
Top builders rush to install solar rooftops on dipping costs, favourable govt policies 19 Sep 2016
NEW DELHI: Major real estate developers like DLF, Lodha, Vatika, IREO and Wadhwa Group are increasingly opting for solar rooftops on their buildings d Read More
GDA will help turn Gurgaon into a true Millennium City 08 Sep 2016
Imagine that:   Our traffic police wants a traffic light installed at specific street crossing. The police commissionerate writes to the 'autho Read More

Lotus Homz Affordable Housing

Pareena Laxmi Homes

Zara Rossa

Value Added Services

 

Government Housing Scheme

 

Banking

  • Prime Minister Awas Yojana
  • Prime Minister Awas Yojana ( Gramin )
  • Samajwadi Awas Yojana
  • Deen Dayal Jan Awas Yojana
  • Mukhya Mantri Awas Yojna Rajasthan
  • Affordable Housing Policy 2013
  • Smart Cities Mission
  • DDA Land Pooling Policy 2018

Banking Partners

 

HDFC

  • Corporation Bank
  • HDFC
  • IDBI Bank
  • LIC Housing Finance
  • Oriential Bank of Commerce
  • Reliance Home Finance
  • Bank of Baroda
  • SBI Home Loan
  • ICICI Bank Home Loan
  • India Bulls Home Loan
  • Axis Bank
  • PNB Housing Finance