MHADA Buildings' Redevelopment Scam: 13 Booked for Irregularities Worth Rs 200 Crore

Thirteen persons have been booked for alleged involvement in irregularities concerning redevelopment of buildings on MHADA land, with Thane police claiming the amount involved may be upwards of Rs 200 crore.

MhadaRedevelopment ScamThane PoliceMaharashtra Housing And Area Development AuthorityFake Mortgage DeedReal Estate MaharashtraAug 24, 2024

MHADA Buildings' Redevelopment Scam: 13 Booked for Irregularities Worth Rs 200 Crore
Real Estate Maharashtra:Thirteen persons have been booked for alleged involvement in irregularities concerning redevelopment of buildings on MHADA land, with Thane police claiming the amount involved may be upwards of Rs 200 crore.

As per the FIR filed by Chitalsar police, a firm was given the contract to redevelop 18 buildings on land leased to these societies by the state-run Maharashtra Housing and Area Development Authority (MHADA).

The firm allegedly used a fake mortgage deed to obtain a loan of Rs 200 crore from another firm. However, this amount was not used for the redevelopment of the buildings. The firm obtained the loan by mortgaging the land on which the buildings stand to the lending firm.

The NOC for this mortgage was allegedly given by the chairperson of one of the housing societies without taking the consent of residents or MHADA. Probe is underway to unravel the full details of the irregularities. No one has been arrested.

MHADA is a state-run organization that aims to provide affordable housing to the people of Maharashtra. The organization has been involved in several redevelopment projects across the state, including the redevelopment of old buildings on its land.

The Thane police have launched an investigation into the matter and are likely to arrest the accused soon.

Maharashtra Housing and Area Development Authority (MHADA) is a state-run organization that was established in 1977. The organization aims to provide affordable housing to the people of Maharashtra. MHADA has been involved in several redevelopment projects across the state, including the redevelopment of old buildings on its land.

Maharashtra Housing and Area Development Authority (MHADA) is a state-run organization that aims to provide affordable housing to the people of Maharashtra. MHADA has been involved in several redevelopment projects across the state, including the redevelopment of old buildings on its land.

Frequently Asked Questions

What is the amount involved in the MHADA redevelopment scam?

The amount involved in the MHADA redevelopment scam is upwards of Rs 200 crore.

How many persons have been booked in connection with the scam?

Thirteen persons have been booked in connection with the scam.

What is the role of MHADA in the scam?

MHADA is the state-run organization that leased the land to the societies that were redeveloped by the firm involved in the scam.

What is the current status of the investigation?

The Thane police have launched an investigation into the matter and are likely to arrest the accused soon.

What is the purpose of MHADA?

MHADA is a state-run organization that aims to provide affordable housing to the people of Maharashtra.

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