MHADA widens growth ambit

The Mumbai board of Maharashtra Housing and Area Development Authority (MHADA) would be including four new provisions in their annual budget that would be announced in the board meeting on Friday as per its chairman. " The board members have proposed four new provisions to be included in the MHADA budget and it is up to the authority to accept it" said Amarjit Manhas, chairman, Mumbai board.

The budget amount would be Rs 4,000 crore with a deficit of Rs 300 crore from the previous year. Last year the budgetary provision were made for Rs 2,000 crore. The cent percent increase in the budget amount is the results of additional works that MHADA would be carrying out this year.

MHADA has also been receiving revenue through rents and passing redevelopment proposals throughout the year resulting in an increased provision. The other sources of income are from lease of lands that MHADA gives to other agencies to use.

On September 2010, the board had passed a resolution that MHADA would be redeveloping their colonies.

Another major decision would be the bill that would be passed by MHADA that will enable it to blacklist builders who have not completed the redevelopment work after vacating the residents. As expected the major amounts would be reserved for the construction of houses in MHADA colonies as well as transit camps and houses for mill workers.

The other new concepts would be slum redevelopment by MHADA and construction of gardens.