Authority approves MHADA’s budget of Rs 10,764.99 crore for the year 2022-23; Proposed to build 4 thousand 623 flats in Mumbai.
By Varun Singh
The revised budget of Maharashtra Housing and Regional Development Authority (MHADA) for the year 2021-22 and the budget for the year 2022-2023 were recently submitted to the authority. The Authority’s budget of Rs 10764.99 crore for the year 2022-2023 and revised budget of Rs 7976.74 crore for the year 2021-2022 have been approved by the Authority subject to the approval of the Government
The budget for 2022-2023 shows a deficit of Rs 2,885.92 crore while the revised budget for 2021-2022 shows a deficit of Rs 1009.02 crore.
In the budget of 2022-23, it is proposed to construct a total of 15,781 flats by Mumbai, Pune, Nashik, Nagpur, Amravati, Aurangabad, and Konkan regional boards of the authority. For this, a provision of Rs 7,019.39 crore has been made in the budget.
A provision of Rs 3,738.40 crore has been made in the budget for the year 2022-23 for Mumbai Board and it is proposed to construct 4,623 flats. The Board has allocated Rs 2,132.34 crore for redevelopment scheme of BDD chawls.
Rs 29 crore for housing scheme at Antop Hill Wadala, Rs 64 crore for Bombay Dyeing Mill Wadala scheme, Rs 145.54 crore for housing scheme at Kopari Powai, Rs 50 crore for housing scheme at Magathane Borivali, Rs 15 crore for housing scheme at Khadakpada Dindoshi and Rs 250 crore provision has been made in the budget for the Pahadi Goregaon housing scheme.
Rs 435 crore has been provided for Siddharth Nagar (Patrachal), Goregaon project, Rs 91.18 crore for Dharavi redevelopment project phase B, Rs 15 crore for repair and redevelopment of MHADA building.
In the budget for the year 2022-23, a provision of Rs. 1971.50 crore has been made for the Konkan Board. A provision of Rs. 200 crore has been made in the budget for the redevelopment of the police colony at Vartak Nagar. Also, Rs. 1002.50 crore has been provided for land acquisition and land development in Mafatlal (Dist. Thane) in the budget of 2022-23.
A provision of Rs.664.32 crore has been made for Pune Board in the budget of 2022-23 and it is proposed to construct 1,253 flats. The Board has allocated Rs. 380 crore in the budget for land acquisition and land development at Dhanori in Pune district.
In the budget for the year 2022-23, a provision of Rs. 388.97 crore has been made for the Nagpur Board and it is proposed to construct 195 flats. The Board has allocated Rs 169.92 crore for land acquisition and land development.
In the budget of 2022-23, Rs 136.90 crore has been allocated for Aurangabad Board and it is proposed to construct 1762 flats. Rs 35.72 crore has been allocated for Nashik Board in the budget of 2022-23 and it is proposed to construct 220 flats. In the budget of 2022-23, Rs 75.57 crore has been allocated for Amravati Mandal and it is proposed to construct 136 flats.
Also Read: MHADA Floats Tender Worth ₹142 Crore For Redevelopment of This Mumbai Project
