In a bid to take control of stalled projects in Mumbai, the Maharashtra Housing and Area Development Authority (MHADA) has issued 1,200 notices to developers, cautioning the real estate industry against undermining the authority's efforts.
MhadaMumbaiReal EstateStalled ProjectsAffordable HousingReal Estate MumbaiOct 03, 2024
MHADA is a government agency responsible for regulating the real estate sector in Maharashtra. Its role is to provide affordable housing to the people of Maharashtra and to implement various housing schemes and projects in the state.
MHADA has issued notices to developers in Mumbai who have failed to complete their projects on time. The authority aims to take control of stalled projects and ensure that homebuyers are not left in the lurch.
Stalled projects have left many homebuyers in Mumbai stranded, waiting for years to get possession of their homes. MHADA's move to issue notices to developers is seen as a step in the right direction to address the problem of stalled projects in Mumbai.
The developers have been given a deadline to respond to the notices and provide a plan of action to complete their projects. The exact deadline has not been specified.
MHADA is responsible for regulating the real estate sector in Maharashtra. The authority aims to provide affordable housing to the people of Maharashtra and to implement various housing schemes and projects in the state.
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