The Maharashtra Housing and Area Development Authority (MHADA) has decided to reduce the monthly service charges for 9,409 flat owners in the Virar Bolinj Housing Complex, spread across phases 1, 2, and 3, under the Konkan Board. The decision comes after repeated requests from the residents and local representatives.

In a joint meeting chaired by Housing Minister Atul Save and MHADA Vice President and CEO Sanjeev Jayswal, it was agreed to lower the service charges for flat owners in the low-income and middle-income groups of the housing project. As per the new structure, flat owners in the low-income group will now pay ₹1,450 per month, while those in the middle-income group will pay ₹2,400 per month. Previously, the charges were ₹2,121 per month for low-income group residents and ₹3,493 for middle-income group residents.

Additionally, the government has announced a 50% discount on service charges for the period of the COVID-19 pandemic (from March 2020 to March 2022) for the residents of this housing complex, further easing the financial burden on them.

MHADA has also waived off the late payment fees for those with overdue service charges and granted a reprieve until March 2025 to settle the outstanding dues. Starting from April 2025, the annual late payment interest will be reduced from 18% to 12%.

For those flat owners who have already paid their service charges, the difference in the newly reduced fees will be adjusted in their next payments. MHADA’s Chief Officer, Revati Gaikar, confirmed this, stating that the revised fees and adjustments will offer financial relief to residents.

This move is expected to greatly benefit the residents of the Virar Bolinj Housing Complex, aligning with MHADA’s mission to enhance the quality of life for its residents while making housing more affordable.

Also Read: MHADA Konkan Board Announces Lottery for 12,626 Housing Units and Plots

You May Also Like

Cement Industry Surge: IndiaMART’s Report Highlights Major Growth Trends and Future Projections

IndiaMART’s latest report, “Cementing Growth: An Indian Perspective on the Cement Industry,” highlights significant trends and future projections for the cement sector. Unveiled ahead of National Concrete Day, the report reveals the industry’s growth trajectory, its economic impact, and the rising demand driven by infrastructure and housing. With 15.5 million enquiries registered in the past five years, the report underscores the pivotal role of cement in India’s economic development.

Income Tax Tribunal Mumbai: Booking Date Matters for Stamp Duty Valuation, Even Without Registered Agreement

In a major relief for homebuyers, ITAT Mumbai has ruled that stamp duty valuation for tax purposes must be taken from the booking date—even if the allotment letter is unregistered—protecting buyers from unfair tax demands caused by builder delays.

Thane witnesses huge demand for Lifestyle Projects

Thane, a burgeoning city in the Mumbai Metropolitan Region, is experiencing a…

Mumbai Sees India’s Costliest Home Sale at Rs 639 Crore

Mumbai’s luxury real estate market witnesses a historic event as a Rs 639 crore deal for sea-facing duplex apartments in Worli sets a new national record for residential property sales.