MahaHousing Clears Major Land Acquisition for Borivali Affordable Housing Project
What this means for you: Prospective homebuyers in Mumbai seeking subsidized or middle-income brackets should monitor upcoming MahaHousing and PMAY allocations.
Reporting on group coverage of regional real estate initiatives, MahaHousing has cleared a major financial outlay of Rs 7,500 crore to acquire 71.06 acres of BSNL and MTNL land in Borivali's Shimpoli and Gorai areas. Crediting ABP Majha for tracking the development, this project aims to construct 8,000 affordable and middle-income housing units, marking a significant push under PMAY-U (Affordable Housing Scheme) within the Mumbai Metropolitan Region.
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