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14 NOVEMBER, 2019
Maharashtra Housing and Area Development Authority (MHADA), is a housing entity established in 1976 to provide housing options to mill workers of Mumbai. As time passed, their objective expanded, and now they are providing affordable housing options to the people willing to buy properties in different cities of Maharashtra. Being a non-profit organisation , MHADA is trying to improve the quality of life of different sections of the society by providing them with affordable residences.
To support the central government’s affordable housing projects, MHADA is working along with the state government. Currently, MHADA is functioning in different cities like Solapur, Chandrapur, etc. where they have appointed as special planning authority to implement PMAY projects. The Housing Department of the state has enlisted 16 technologies to build affordable residences in the state. These technologies are approved by Building Promotion and Technology Promotion Council (BMPTC).
The Indian Government introduced the Real Estate Regulatory Authority (RERA) in 2016 to bring transparency to the real estate market. Maharashtra was one of the few first states that formed guidelines supporting this authority under the name of MahaRERA. This is the first entity having completely paperless operations. The stakeholders get online services like complaints filing, projects extensions, etc.
Along with simplifying the process and making it more transparent for home buyers, the state government is promoting sustainable development within the affordable housing sector. The Maharashtra Government has stated that they will be building 1.94 million residential units under the central government’s scheme named Pradhan Mantri Awas Yojana- Urban (PMAY-U).
Building houses on such a large scale will impact the environment. To avoid this, the Maharashtra Government has signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC). Together, they are working on the project of Eco-Cities Program. The goal of this program is to promote the construction of green buildings guidelines that will be assisting property developers.
The agreement between the state government and IFC intended to provide required assistance for the development of residential units in terms of design, green certification, identification of environment-friendly building material, etc. In a way, the Maharashtra Government is planning to complete the dual goals. The first one is providing housing options to all sections of the society and second is to implement environment friendly practices in the construction of houses.
The residential units built under affordable housing projects are intended to improve the quality of people living inside them. Also, MHADA is aiming to construct buildings made of sustainable material to reduce the carbon footprint on the environment.
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