Come December,the Maharashtra Housing and Area Development Authority (MHADA) is set to hold a special lottery to sell 5,451 houses in a high-rise complex at Virar and 150 flats in the coastal town of Vengurla in Sindhudurg district.
The lottery will be held by MHADAs Konkan board for the sale of 3,596 houses in the lower-income group and 1,855 houses in the middle-income group at Bolinj in Virar West.
The houses are being built in two phases,in 22 to 24-storeyed highrises. The first phase will see the construction of 21 buildings while 30 buildings will come up in the second phase.
The lottery is,however,subject to the municipal corporation for Vasai-Virar introducing a change in its development control regulations to do away with a height restriction that caps buildings at 14 storeys.
The project is in the final stages of approval. A formal notification could be issued within a month or two after which we will be able to announce the date of lottery, said Bhausaheb Dangade,chief officer of MHADAs Konkan board.
The price of these houses has not been decided as yet. The cost of construction at present is Rs 2,600 per square feet, Dangade said.
LIG houses will have a carpet area of 330 square feet each and built-up area of 625 square feet. MIG houses will have a carpet area be 640 square feet each and built-up area of 1,050 square feet.