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REALTY PRICES OF MHADA BUILDINGS LIKELY TO STAY PUT

mahada-building-4Facing flak for planning to sell MHADA homes for commercial benefits, Chief Minister Vilasrao Deshmukh attempted damage control by stating that prices of MHADA homes would not go up. Addressing a gathering of MLAs and MPs who came together under the guidance of Congress, Mumbai President Gurudas Kamath to protest against the decision of MHADA to increase its realty prices, Chief Minister Vilasrao Deshmukh stated that realty prices of MHADA building will not take a hike. MHADA had decided to increase its realty prices for utilizing ready recknor schemes. However, if MHADA too increases its realty prices like other private builders then the objective of MHADA as a government body to provide homes at nominal rates would be lost. Off late it has been observed that both CIDCO and MHADA – that are government organizations with primary aims of providing affordable homes have been floating housing schemes like private developers. While no leadership in Navi Mumbai has failed to fight the case of affordable homes in the context of CIDCO, atleast an alert Mumbai Congress wing has compelled the Chief Minister to declare that MHADA home prices will not go up. From Mumbai, Sana Warsia for NMTV News.

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