MHADA sets policy for sale of vacant flats

24 Nov 2023 CW Team

The Maharashtra Housing and Area Development Authority (MHADA), state government's housing body, has set a policy for the sale of its unsold 11,184 apartments across various divisional circles. The policy has been set following the recommendation of a committee that was constituted to review and study the issue.

Basis the new policy, MHADA?s Vice Chairman & Chief Executive Officer Sanjeev Jaiswal has directed the divisional boards of the housing body to take immediate action for the sale of vacant flats. As per the policy specifications laid down by the authority, the divisional boards are directed to submit proposals to the government for relaxation of certain conditions for the option of ?direct sale of apartments? and seek approval.

Individuals, organisations, government, semi-government employees, MHADA employees who are interested in buying 100 or more flats in bulk can be offered a discount on the price of the flats under this option.

Under the option of flat sale by rent instalments, an entity can be appointed on certain terms and conditions basis of agency fee through tender or expression of interest. In this option, the agency appointed to sell the flats will be responsible for paying all the amounts due to MHADA, along with suitable bank guarantees.

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..