MHADA signed an agreement in this regard with the developer two days ago. The flats are in an under construction project at Walkeshwar.
By Varun Singh
MHADA the housing authority of the state, signed an agreement with a developer in Mumbai’s Walkeshwar area on January 2, 2020. MHADA will receive 1500 sq ft from the developer.
The agreement was signed by a senior official from MHADA’s Repair and Reconstruction Board with a private developer. The developer is developing a plot measuring 709 sq mts located in Dongarsi Road, Walkeshwar.
The flats that MHADA will get will be located in the building’s 14th and 15th floor. A senior official from MHADA said, “The building is yet under construction. The agreement signed is mandatory before the commencement certificate is issued. We will be receiving the area mentioned in the agreement from the developer once the building is constructed.”
According to officials from MHADA the building will be constructed in a period of two to three years and that is when it shall receive the flats. The decision whether to bring the flats in lottery for common man shall be taken once the building is ready and the flat sizes are accurately known.
Normally MHADA brings flats that it receives from such development in lottery, when the sizes of the flats are bigger than what they offer in rehab of old tenants.
Previous Acquisitions by MHADA
Last year, in the month of September, eight flats with two car parks each, in one of the most upmarket areas of the city, landed in Mhada’s kitty. The flats are located in Tardeo area of Malabar Hill Division where each flat measures around 1,500 sq ft and are way above the average size of tenements that Mhada offers in rehab component.
Last year, Mumbai Board received four flats from a private developer in Juhu area. All these flats will be sold to homebuyers at affordable prices via Mhada lottery.
The four flats are located in Juhu’s JVPD area, where a private developer handed over the flats to the Authority without cost. The flats are in the building named Tulip Co-operative housing society and are located on the first and second floors.
