Karnataka: High Court permits bike taxis across state, allows government to impose conditions
Stop Payment Fraud without Stopping Customers with Stream-First Signals and AI
Contaminated water strikes Indore again: After 22 deaths, another disease outbreak scare
Why Donald Trump shut door on Canada: Inside Gaza 'Board of Peace' snub
'We didn't make it': Vishal Jethwa breaks silence on Homebound losing Oscars nominations, makes first statement on huge loss
U19 World Cup: Pakistan accused of manipulation as slow chase alters NRR, Zimbabwe qualify over Scotland
RCB sale nears reality as Adar Poonawalla confirms interest with 'strong and competitive bid' 
IND vs NZ 2nd T20I Live Streaming: When and where to watch India vs New Zealand match live on TV, online?
How much money will Bangladesh lose after pulling out of T20 World Cup 2026 in India?
Mujeeb Ur Rahman makes history with T20I hat-trick as Afghanistan beat West Indies, seal series 2-0'We didn't make it': Vishal Jethwa breaks silence on Homebound losing Oscars nominations, makes first statement on huge loss
Border 2 faces first major setback, morning shows of Sunny Deol's epic war drama cancelled due to this reason
Border 2 Movie Review: Sunny Deol, Varun Dhawan, Diljit Dosanjh, Ahan Shetty's epic exceeds expectations, give out best war film of the deacde
Oscars 2026 nominations full list: Sinners breaks Oscar Record with 16 nods; Timothée Chalamet makes history as youngest three-time Best Actor nominee
Smriti Mandhana’s ex‑fiancé Palaash Muchhal in trouble? Rs 40 lakh cheating complaint filed against composer; here's all you need to know
Lupin Foundation’s Lives Program Is Bringing Healthcare Closer To Communities In Palghar, Maharashtra
Zee Archive: How Vajpayee Took India’s Most Courageous Defense Step
Zee Archive: How Vajpayee Masterfully Won Over His Political Rivals?
Zee Archive: Atal Bihari Vajpayee’s Timeless Poems That Inspired India
Zee Archive: Vajpayee’s Groundbreaking Metro Plan For A Modern Delhi
Amazon Layoffs 2026: How many employees are affected? Key reasons behind job cuts explained
Bank holiday on Basant Panchami: Are banks open or closed in your state on January 23? Check state-wise list here
BNY launches tokenized deposits: Bank money quietly goes on-chain
Adani Energy Q3 results: Gautam Adani's company's profit dips 8% to Rs 574 crore; check details
Sensex climbs 398 points, Nifty gains 132 pts: Why did the share market rise today?
From Mahabharat to Chiranjeevi Hanuman: 8 upcoming Indian epics powered by AI that can break records
Anant Ambani’s swanky watch collection: Rare timepieces worth $200,000 to $1.5 million, showcasing unmatched luxury
From boondi ladoo, kesari halwa to meethe chawal: 5 traditionanl yellow dishes that will brighten your Basant Panchami 2026 celebrations
Border 2: Sunny Deol, Varun Dhawan, Diljit Dosanjh, Ahan Shetty's characters are based on these real-life heroes from 1971 Indo-Pak war
2026 is the new 2016: From Priyanka Chopra to Tamannaah Bhatia and other celebs join viral throwback trendKarnataka: High Court permits bike taxis across state, allows government to impose conditionsContaminated water strikes Indore again: After 22 deaths, another disease outbreak scare
Odisha takes strong measures, imposes statewide ban on gutkha, pan masala; check full list of all tobacco products banned
Republic Day Security Alert: Hoax bomb threats at schools in Noida and Ahmedabad, details here
IMD Weather Update: Rain hits Delhi-NCR, temperatures fall, winter chill to intensify; AQI remains ‘very poor’
Basant Panchami 2026: Are Delhi, Noida schools closed on January 23 for Saraswati Puja? Know here
NEET PG, NEET MDS 2026 exam schedule announced; check dates here
CBSE Board Exams 2026: Class 10, 12 admit card likely to be released in February first week, check steps to download, official link HERE
CG TET Exam 2026: Admit card released at vyapamcg.cgstate.gov.in, check how to download hall ticket and other details
ICAI CA Inter Exam 2026: Revised schedule announced at icai.org, check new dates and other details hereKarnataka: High Court permits bike taxis across state, allows government to impose conditions
Stop Payment Fraud without Stopping Customers with Stream-First Signals and AI
Contaminated water strikes Indore again: After 22 deaths, another disease outbreak scare
Why Donald Trump shut door on Canada: Inside Gaza 'Board of Peace' snub
Amazon Layoffs 2026: How many employees are affected? Key reasons behind job cuts explained
Republic Day Security Alert: Hoax bomb threats at schools in Noida and Ahmedabad, details here
BUSINESS
DNA Web Team | Dec 23, 2018, 04:56 PM IST
1.MHADA will sell 18000 homes in open market via lottery
Goregaon's Motilal Nagar, spread over 142 acres of land, has a total of 3,700 tenants. To rehabilitate these existing tenants, MHADA will require 18 lakh sq ft of land. After the rehabilitation, the body will get an additional 1.20 crore lakh sq ft of land. Madhu Chavan, MHADA's Mumbai Board chairman, said, "In the additional area, we will be able to construct 18,000 homes that will be sold in the open market via MHADA lottery."
2.Rs 5,000 crore is total investment plan of housing authority for 1bhk houses
The total expense that MHADA foresees for redeveloping Motilal Nagar and for constructing homes meant for sale, is around Rs 5,000 crore. However, by selling off 18,000 homes, the housing authority expects to earn a revenue of Rs 25,000 crore. The body said these 18,000 homes will be one-BHKs
3.Lottery winners to get further discount of 5% on cost
The authority has also decided to further lower the price of houses won in the EWS and LIG categories. MHADA president Uday Samant said, "We have decided to reduce the price of homes in the EWS and LIG categories. This includes homes that were sold in the lottery concluded on Sunday."
4.100 buildings in South Mumbai have been redeveloped by Mhada
"After implementing the stand, nearly 100 buildings in South Mumbai, that were earlier cessed and now have been redeveloped, will benefit and MHADA will save some money," Vinod Ghosalkar, chairman of the Repair Board said.
)
)
)
)
)
)
5.Mhada has decided to hand over land title of rededeveloped cessed property
Another decision made by the MHADA during its authority meeting is with regard to the repair and reconstruction board. Vinod Ghosalkar added, "We have decided to hand over the land title of redeveloped cessed buildings. Currently, MHADA takes care of maintenance and a few other things in these buildings."
