Mumbai will have 9,000 more economy rental houses

Officials of the Mumbai Metropolitan Region Development Authority (MMRDA) are trying to push one of the worst recession-hit endeavours — the rental housing project.

In an attempt to give the project a push, the authority has now decided to commence work on five new sites where as many as 9,000 tenements will be constructed.

One of the sites is at Chitalsar and Naupada at Thane, which will be developed by Ascent, Cheda & Cheda and Friends Development Corporation.

It will have 3,815 units. The other sites, which will have 4,660 units, are at Ulhasnagar, Ranjanoli at Bhiwandi. They will be developed by Century Rayon and Eco Homes.

The approved location sites are 29 for the rental housing scheme which comprises 2.17 lakh units. Also, MMRDA has already started work on 5,000 units at its Thane and Mira-Bhayander sites.

“The Rental Housing Project’s main aim is prevent the growth of slums. The prime objective of this program is to make available stock of housing in MMR on rental basis within the affordability limits,” said MMRDA metropolitan commissioner Ratnakar Gaikwad.

Under the rental housing scheme, MMRDA plans to construct five lakh homes to be given on a measly rent, ranging between Rs800 and Rs1,500. Any individual, who has been a resident of Maharashtra for the past 15 years, working in MMR and has a minimum monthly income of Rs5,000, could avail of a home under this scheme.

This model is applicable within municipal corporation limits of Mumbai, Thane, Kalyan-Dombivli, Mira-Bhayander, Bhiwandi-Nizampur, Ulhasnagar and Special Planning Authority areas at Vasai-Virar sub region, and Ambernath, Kulgaon, Badlapur and Surrounding Notified Area, and municipal councils of Panvel and Karjat, Pen, Uran, Alibaug and Khopoli.