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MHADA

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MHADA

MHADA Sets Target to Construct 19,497 Houses in FY 2025-26

The Maharashtra Housing and Area Development Authority (MHADA) has set a target to construct 19,497 housing units across the state in the financial year 2025-26. With a budget allocation of ₹15,951.23 crore, Mumbai alone will see 5,199 new units, focusing on key redevelopment projects like BDD Chawl, Goregaon Siddharth Nagar, and more.
Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

Govt to Allow Conversion of Leasehold Land to Freehold at 25% Above Ready Reckoner Rate

The Maharashtra government has issued a final notification allowing leasehold and Occupancy Class II lands to be converted to freehold upon payment of a premium of up to 25% of the Ready Reckoner rate. The revised premium rates, applicable until December 31, 2025, aim to grant full ownership rights to individuals, housing societies, and industries.
MHADA

MHADA Extends Deadline for Lottery Applications

The Nashik Board of MHADA has extended the deadline for submitting applications for 502 flats under the 20% inclusive housing scheme. Applicants can now apply online until March 20, 2025, with EMD payments accepted until March 21. The lottery draw date will be announced soon. Interested buyers must apply only through MHADA’s official website to avoid fraud.
Bharat Nagar

Supreme Court Clears Redevelopment of Bharat Nagar Slum in Bandra

The Supreme Court has ruled in favor of the redevelopment of Bharat Nagar slum in Bandra, dismissing objections raised by certain residents. The judgment confirms that the area qualifies for redevelopment under the Slum Rehabilitation Authority (SRA) regulations. Saarathi Realtors played a significant role in overcoming legal challenges, ensuring that the project can proceed without further delays.
MHADA

MHADA Reclaims Eight Acres of Encroached Land in Juhu-Andheri

MHADA has reclaimed eight acres of encroached land in Juhu-Andheri following a Bombay High Court order. Unauthorized structures were cleared after the court denied a stay on their removal. The land, originally part of a slum rehabilitation project, was found ineligible for redevelopment. Despite ongoing litigation, illegal sheds were erected, prompting MHADA to take action. The clearance drive was carried out under official directives to enforce land reclamation and urban planning regulations.