MHADA reduces prices for more than 6,200 EWS houses in Thane district

The Konkan Housing and Area Development Board (KHADB), which falls under the Maharashtra Housing and Area Development Authority (MHADA), recently reduced the sale prices of 6,248 houses under the Pradhan Mantri Awas Yojana (Urban) in Thane district. These residences in Shirgaon and Khoni villages of Kalyan are now on sale at revised rates on a ‘First Come, First Served’ basis.

“The price cuts are intended to benefit residents of the EWS (Economically Weaker Section) category,” said Revati Gaikar, Chief Officer, KHADB. “Eligible homebuyers are invited to apply for the scheme while stocks last,” she added.

Sanjeev Jaiswal, Vice President and CEO, MHADA, approved the price revision. The sale price of 5,236 units in Shirgaon has been reduced by Rs 1,43,404 per unit from Rs 2,072,146. The new sale price of each of these units is now Rs 19,28,742.

The cost of 1,012 houses in Khoni has been reduced by Rs 1,01,800 per unit from the original price of Rs 2,013,500. The homes are now up for sale at a new rate of Rs 19,11,700 each.