MHADA picks tricks from pvt builders 

Includes common areas in built-up areas of flats due to be sold through draw of lots on June 15.

Written by MANASI PHADKE | Mumbai | Updated: May 14, 2014 12:30 am
mumbai-480 He also said that MHADA decided to publish details on the built-up area along with the carpet area in the advertisement for this year’s lottery so that people make a fair comparison of MHADA’s prices with the market rates.

Even as the state government discourages real estate developers from including common spaces in a building while quoting sale price for a flat, its own housing agency, the Maharashtra Housing and Area Development Authority (MHADA), has incorporated these areas in its advertisement for this year’s draw of low-cost houses.

D K Jagdale, joint chief officer of MHADA’s Mumbai board, confirmed that the “built-up area” in the advertisement included common areas such as corridors, staircases, elevators and so on. Private builders commonly include these in “saleable area” projections for an apartment. This year’s draw of lots, which is scheduled for June 15, is for allotment of 2,641 houses. These include 814 houses in Mumbai, 1,716 in Virar, and 111 in Vengurla (Sindhudurg).

Further, similar to private developers, who often load anywhere between 50 per cent and 70 per cent of carpet area in their “saleable area” estimates, the authority too has assumed an average loading component of 56 per cent. In fact, for houses at two sites, this component is as high as 83 per cent and 100 per cent, respectively.

Jagdale said, “The loading depends on the kind of design we use. MHADA buildings are generally more spacious. They are designed to have wider corridors, better ventilation, which all go into the loading. Also, since we have started constructing a lot of high-rises, the loading is higher because of requirements such as a refuge area.”

He also said that MHADA decided to publish details on the built-up area along with the carpet area in the advertisement for this year’s lottery so that people make a fair comparison of MHADA’s prices with the market rates.

“Last year, people had compared the prices of MHADA houses based on the carpet area to the prevalent market rate that developers quote on built-up area, which led to the perception that the rates quoted by MHADA were on the higher side,” he said.

manasi.phadke@expressindia.com

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