Friday, July 10, 2015

WHY MHADA FLATS ARE POPULAR : Hindustan Times

Maharashtra Housing and Area Development Authority (Mhada) sells flats at cheaper rates, going to the extent of giving the flats at half the price as compared to private builders



These houses (Mhada flats) are for the end users and not for making profit. We will buy these houses at ready reckoner rates and sell them again to deserving people.
RAVINDRA WAIKAR, Minister of state for housing

There are no hidden costs and the whole transaction is made in white
The land titles are clear, which is not the case with several private housing projects
It is easier to get loans for Mhada houses

The quality of construction of Mhada flats has improved over the years.

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