Sunday, August 31, 2008

Mumbai Metropolitan Region Development Authority plans to construct 35,000 inexpensive rental homes at Tiwri village, Vasai

Mumbai to get 5,00,000 cheap rental houses:

According to the news in The Economic Times, around 5,00,000 inexpensive rental homes, targeted at low income groups, are to be built within three years in an effort to arrest the proliferation of shanties in Mumbai.

Self-contained unit measuring 160 sq. ft.!

The first lot of 35,000 houses — each self-contained unit measuring 160 sq ft — will come up in Tiwri village, Vasai, around 25 km from city, in neighbouring Thane district.

MMRDA has decided to allot the tenements in the joint names of the husband and wife if the applicants are married.

One of the eligibility criteria stipulates a minimum family income of Rs.5,000.

The rental period and monthly amount shall be decided later by the MMRDA taking into account various aspects like location, construction costs, prevailing market conditions, etc

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Self-sufficient Township:

The colony would be self-sufficient in terms of other infrastructure like schools, community halls and shopping areas. “We plan to construct 2,00,000 rental homes in different areas within the next one year, as per the state government’s policy to arrest mushrooming slums and illegal constructions,” Kawathkar, MMRDA joint project director, said.

Flats will be constructed by a private builder, Dhanashree Developers, over a 50-acre plot and the work is expected to start soon.

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