Browsing Tag

Affordable housing

84 posts
MHADA

MHADA Reduces Premium from 110% to 100% of Ready Reckoner Rate for Eligible Tenants

MHADA has announced a 10% reduction in the premium charged to eligible tenants of old cessed buildings for additional area—bringing it down from 110% to 100% of the Ready Reckoner Rate. The change applies retrospectively to December 2023 lottery beneficiaries and is part of a broader 100-day action plan that includes new eligibility criteria and faster allotments.
MHADA's 10th Lokshahi Din saw swift redressal of citizen grievances, including a ₹1.7 lakh interest waiver for a homebuyer and fast-tracked property transfers and eligibility reviews.

Developer Told to Waive ₹1.7 Lakh Interest for Homebuyer By MHADA

At MHADA’s 10th Lokshahi Din, ten public grievances were addressed with immediate departmental action. Highlights include a ₹1.7 lakh interest waiver for a homebuyer and fast resolution of cases involving property transfer, forged documents, and eligibility appeals.
RBI

RBI Rate Cut Brings Good News for Homebuyers: Lower EMIs

In a major relief for homebuyers, the RBI has reduced the repo rate by 25 basis points to 6%, marking its second consecutive cut. Industry leaders say this move will improve housing affordability, boost buyer sentiment, and encourage new project launches—especially in affordable and mid-income segments.
The Sampanna Ghar Abhiyan empowers 1.5 lakh rural families in Nashik to build their own homes with hands-on construction training, blending housing access with skill development and community resilience.

Brick by Brick, Skill by Skill”: How 1.5 Lakh Families in Nashik Are Learning to Build Their Own Homes

In a first-of-its-kind initiative, over 1.5 lakh families in Nashik are being trained to build their own homes under the Sampanna Ghar Abhiyan. Backed by NSDC and local partners, this rural housing drive is blending construction skills with dignity and self-reliance — one brick at a time.

15-Year Wait Ends for Siddharth Nagar (Patra Chawl) Residents as MHADA Conducts Lottery for 663 Homes in Goregaon

The 15-year-long wait for residents of Siddharth Nagar (Patra Chawl) in Goregaon (West) has finally ended, as MHADA conducted a computerized lottery for 663 rehabilitation tenements. Held under strict transparency measures, the allotment ensures rightful residents receive their homes. Possession begins on April 7, 2025, with continued rent compensation until May. MHADA has also approved a solar power system and gym equipment for the housing society, marking a new chapter for residents.