To come up in Tathawade, Mhalunge and Pimpri
PIMPRI: Residents of Pune and Pimpri-Chinchwad can now hope for affordable houses as the Maharashtra Housing and Area Development Authority (MHADA) plans to build 12,000 tenements in the next couple of years.
Proposed to be constructed in Tathawade, Mhalunge and Pimpri, MHADA will offer these houses at a cost which would be 25 per cent less than the market rate. Rajendra Nimbalkar, chief executive officer, MHADA, Pune, said since government land is not available for their projects, houses will not be available at earlier rates which were comparatively very low.
Pune regional office of MHADA, which was formed by the State government to make affordable houses available to local residents, has districts like Pune, Satara, Sangli, Kolhapur and Solapur within its jurisdiction.
Over the last few years, the MHADA has almost stopped the construction activity in and around Pune. The regional office was rendered non-functional since government land was not available for proposed projects.
With the State government approving the proposal for purchase of private land for construction of affordable houses, MHADA is expected to spring in action once again. The Pune regional office of MHADA has acquired 30 and 14.5 acres of land in Tathawade and Mhalunge near Chakan respectively, where it proposes to construct housing projects.
The land as Tathawade has been purchased at the rate of Rs 1.8 crore per acre, while that in Mhalunge cost MHADA Rs 2 crore per acre, Nimbalkar said. Projects at both, Tathawade and Mhalunge will be developed with 2.5 floor space index (FSI).
The Tathawade project, which has been cleared by the Pimpri Chinchwad Municipal Corporation (PCMC) for 2.5 FSI, will have 2,000 tenements, while about 3.5 lakh square feet of land will be made available for commercial purpose.
The existing rate in Tathawade is around Rs 3,800 to Rs 4,000 per square foot, against which the MHADA tenements are likely to be offered at a rate which will be 25 per cent less, Nimbalkar said.
At Mhalunge, MHADA plans to built 2,500 tenements with one FSI. In the future, if 2.5 FSI is made available, the number of tenements will go up to 6,000.
In addition, MHADA has been alloted about 18 acres of land in Pimpri, of which five acres have been procured from PCMC while the remaining land has been acquired. MHADA proposes to build about 3,500 tenements in Pimpri.
Nimbalkar said all the three projects are expected to commence within the next six months and will be completed in about two years.
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