Sunday, 3 February 2013

MHADA houses slipping out of the common man's reach.( Source: The Lokmat Times)

Houses of Marathwada Housing Area Development Authority (MHADA), which has built eight to ten housing colonies in the city, are now getting out of the common man's reach. Its houses at Waluj are costing between Rs 22 to 24 lakh while that on the Paithan road have been priced at Rs 11 to 12 lakh.
MHADA was established by the state government in the year 1977 to build low cost homes for public. But the property rates in the city have increased due to high ready reckoner rates and construction material prices. Thus, 1 BHK flats cost Rs 25 lakh while 2 BHK flats are in the range of Rs 35 to 40 lakh, report the sources.
MHADA housing project at Waluj and Paithan MIDC area is gathering momentum. Around 160 flats will be constructed on Paithan road for the low income group in the city. In this project, 1 BHK flat will cost Rs 11 lakh to Rs 12 lakh. "Sample flat for this project is ready. Applications will be invited soon and flats will be distributed by lucky draw system," said MHADA chief officer Varsha Thakur.
MHADA housing colony is set to come up in front of Colgate company in Waluj MIDC area. The colony will have 256 flats of 914 square feet area for the middle income group. Mhada is getting 2.5 FSI in Aurangabad city. Taking advantage of this, Mhada is going to construct 10-storey building. Price hike due to change in look
Generally, the MHADA homes are associated with stone flooring, iron windows, dull colour and flimsy doors but MHADA, with this new project has revamped the look of their flats. Houses at Waluj and Paithan will have posh tiles, sliding windows and cement paint. This has forced us to increase the cost of homes.
Varsha Thakur, chief officer, MHADA

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