They will be resold through the lottery," said state minister for housing Ravindra Waikar. Waikar told dna that the intention of giving Mhada houses at an affordable rate was that people should be able to buy their dream home in a city like Mumbai and stay in it.
They are misusing the government scheme and we want to curb this malpractice. It will help to stabilise the soaring property market," Waikar added. We have invited suggestions and objections from people. Once this procedure is complete, the policy draft will be approved by the government and brought into force soon," said the minister.
A senior government official said that whether this move would be applicable in a retrospective manner or not is yet to be decided. Once we come to a conclusion, that view will be added in the draft," the official said, adding that in most developed and European countries the houses are owned by the government itself and, hence, buying them back isn't an issue there.
The organisation is also responsible for redevelopment of Chawls of the city. Those who own flats MHADA flats are allowed to sell their units only after five years from the date of purchase. However, one needs to be cautious if one is buying a flat in resale. This is because usually sellers offer power of attorney of the property and not the registered deed to sell it during the lock-in period. Sale through the power of attorney is deemed illegal, and if the MHADA conducts a surprise raid, you are liable to be evicted.
Mumbai: The Maharashtra Housing and Area Development Authority Mhada is all set to come up with a new rule that prohibits buyers of its flats from selling their houses for 10 years. Mhada, which announces a lottery for houses periodically, will take this decision in an upcoming meeting. According to Mhada sources, the proposal will get a positive nod from all the members of the authority. On Sunday, Mhada announced the lottery result for homes from Mumbai region.
Nearly 70, people applied for the lottery and 66, applicants paid the application fees. Next week, the result for Pune and Aurangabad lottery will be declared. The webcasting of the Mumbai lottery results announcement has also received a good response from the viewers.
Till now 17, users viewed the webcast from 26 countries all across the globe.
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