MMRDA to commence work on 5 new sites of its Rental Housing Project

9000 new units to be developed
Mumbai July 04, 2010: The Mumbai Metropolitan Region Development Authority (MMRDA) will commence work on 5 new sites, for constructing 9000 more units for its Rental housing project.
These sites are namely Chitalsar, Naupada at Thane to be developed by Ascent, Cheda & Cheda and Friends Development Corporation which comprise of 3815 units. The other sites are Sahad area at Ulhasnagar, Ranjanoli at Bhiwandi which will be developed by Century Rayon and Eco homes which includes 4660 units. The approved location sites are 29 for the rental housing scheme which comprises of 2.17 lakh units.
Prior to this MMRDA has already started work in full swing for its 5000 units at its Thana and Mira- Bhayander sites.
“The Rental Housing Project being implemented by MMRDA under the Slum Prevention Program whose prime objective is to make available stock of housing in MMR on rental basis within the affordability limits” says Mr. Ratnakar Gaikwad, Metropolitan Commissioner, MMRDA.
Under the rental housing scheme, MMRDA plans to construct five lakh homes to be given on a measly rent to be charged ranging between approximately Rs 800 to Rs 1, 500. Any individual, who has been a resident of Maharashtra for the last 15 years, working in MMR and has a minimum monthly income of Rs 5,000, could avail a home under this scheme.
This model is applicable within Municipal Corporation limits of Mumbai, (suburbs) Thane, Kalyan-Dombivali, Mira-Bhayander, Bhiwandi-Nizampur, Ulhasnagar and Special Planning Authority areas at Vasai-Virar Sub Region, and Ambernath, Kulgaon, Badlapur and Surrounding Notified Area, and Municipal Councils of Panvel and Karjat, Pen, Uran, Alibagh and Khopoli. This model is also applicable in U1 and U2 Zones within MMR.