Maharashtra Govt invites private builders to partner MHADA for Affordable Housing
MHADA will be picking up equity in these projects and facilitate faster approvals apart from additional support to the project. The modalities for these alliances will be finalized soon, he said at the CII real estate conference. Dubai-based listed realty developer Emaar Group has reached out to the government for the project.
The Maharashtra government plans to invite private real estate developers to join hands with the Maharashtra Housing and Area Development Authority (MHADA) to build affordable houses.
“MHADA will be happy to tie up with private developers. We will be equity partners and are willing to take risks,” said housing minister Jitendra Satish Awhad at an event organized by Confederation of Indian Industry (CII) and real estate consultancy firm Anarock Property Consultants Ltd on Thursday.
MHADA will be picking up equity in these projects and facilitate faster approvals apart from additional support to the project. The modalities for these alliances will be finalized soon, he said at the CII real estate conference.
Dubai-based listed realty developer Emaar Group has reached out to the government showing its interest in developing projects in Mumbai Metropolitan Region (MMR). A meeting between the minister and Emaar’s representative is expected to take place in two weeks’ ..