Mumbai to Get Affordable Housing Under the Pradhan Mantri Awaas Yojana

Mumbai to Get Affordable Housing Under the Pradhan Mantri Awaas Yojana

The Pradhan Mantri Awaas Yojana (PMAY) was put in place to provide affordable housing to those in need. The Maharashtra Government in 2015 had aimed to provide 19 lakh low-cost homes under this plan by 2022, while 11 lakh of these homes were expected to be in Mumbai.

Elaborating on the project proposed in Goregaon, Milind Mhaiskar, Vice-President of MHADA (Maharashtra Housing and Area Development Authority) said that the location is in an eco-sensitive zone, and discussions on this project were deferred in the last meeting as not many details were available. Meanwhile, State Housing Minister Jitendra Awhad said that the bhoomipujan for this project will be held sometime between October and November.

It’s worth pointing out that flats under PMAY are to be made available to those belonging to the weaker sections of the economy or EWS. Flats under this scheme will have an area of 300 sq.ft as per the MHADA VP. 

Read - MHADA Gives Extention To Pay House Amount Till December 15

A total of 15,000 housing units will be set aside for EWS, making up almost 50% of the total number of homes. The rest will be put up for sale in the open market, making it available for pretty much anyone. 

As per sources quoted by TOI, the splitting of houses is allowed when there’s a partnership for the project between the government and a private entity. The land, in this case, is mostly privately owned. Developers can partner with local civic bodies including BMC, MMRDA, or MHADA as long as the land is more than 10 acres.

This plan will boost homeownership among middle-class families in the metropolitan city, though it will be contingent on the allotment process being fair and balanced. A standard apartment in Mumbai can cost upwards of Rs 1 crore on average, though an MHADA approved home under the PMAY scheme may be available for as low as Rs 30 lakh. 

Also read - MHADA Warns People To Stay Away From Scams Promising Cheap Housing