Up next
Tags

In a significant boost for affordable housing, the Maharashtra Housing and Area Development Authority’s (MHADA) Konkan Board has announced a substantial reduction in the sale prices of 6,248 flats in Kalyan taluka, Thane district. These homes, part of the “First Come, First Served” scheme launched in 2024 under the Pradhan Mantri Awas Yojana (Urban), are specifically designated for the Economically Weaker Section (EWS) category.

Revati Gaikar, Chief Officer of the Konkan Board, confirmed that this move will directly benefit eligible applicants and marks a crucial step towards fostering inclusive urban development. The revised sale price proposal for these flats, located at Mouje Shirgaon and Mouje Khoni, received approval from Sanjeev Jaiswal (I.A.S.), Vice President and Chief Executive Officer of MHADA.

Under the revised pricing structure, 5,236 flats at Mouje Shirgaon will see a reduction of ₹1,43,404 per flat, bringing the new sale price down to ₹19,28,742. Similarly, the price for 1,012 flats at Khoni has been decreased by ₹1,01,800 per dwelling unit, making the new cost per flat ₹19,11,700.

This reduction is anticipated to make home ownership significantly more accessible for citizens from economically weaker sections, addressing a critical need for affordable housing options in the Mumbai Metropolitan Region. The move aligns with the government’s broader commitment to providing housing for all and is expected to generate renewed interest in these Kalyan properties.

Also Read: MHADA-lottery-page-1

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
MHADA's list of dangerous buildings in Mumbai is out/ Representational Pic

Central Suburbs: Mumbai’s Key Hotspot for Real Estate Investments

Central Suburbs of Mumbai are witnessing a boom in real estate activity, with a 13% rise in property registrations in 2024. Driven by affordable pricing, excellent connectivity, and major infrastructure projects, the area has become a prime investment destination for both residential and commercial buyers.
In a powerful pro-homebuyer verdict, the Bombay High Court has held that allottees are “generally very vulnerable” and cannot be placed on equal footing with promoters, clearing the way for withdrawal of deposited refund amounts during developer appeals.

One Common Member, One Request — and an Entire Society Committee Is Removed for 5 Years

In a landmark ruling, the Bombay High Court has shown that even a single society member can bring down an entire managing committee. A simple request for meeting minutes led to a five-year ban on committee members, reinforcing that transparency in housing societies is not optional.
_ Realty Stocks Wobble Amid Profit-Taking, Blue Chips Hold the Fort

🏢 Realty Stocks Wobble Amid Profit-Taking, Blue Chips Hold the Fort

Real estate stocks wobbled in trade as profit booking hit smaller names while large-cap developers offered stability. The Nifty Realty index rose modestly, but weak market breadth highlighted selective buying and macro caution.
Real estate stocks came under heavy selling pressure as Indian markets opened sharply lower on April 13, 2026. The Nifty Realty index slipped alongside benchmarks, with broad-based declines across developers signaling a volatile and cautious trading session ahead.

Realty Stocks See Cautious Start as Markets Open Mixed; Sector Trades with Stock-Specific Bias

Real estate stocks opened cautiously as Indian markets showed mixed trends. While select developers held steady, broader selling pressure and macro concerns suggest a range-bound and volatile trading session for the realty sector.