In the Maharashtra Housing and Area Development Authority’s (MHADA) budget 2023-24, presented on April 6, 2023, a total budget of Rs 10,186.73 crore was presented, out of which Rs 5800.15 crore has been allocated for affordable housing. The budget proposes construction of 12,724 flats in Maharashtra including Aurangabad, Amravati, Mumbai, Pune, Nashik and Konkan regions.
Budget allocation under various MHADA boards
| MHADA Board | No. of Units | budget allocated |
| MHADA Mumbai Board | 2,152 units | Rs 3,664.18 crore |
| Konkan MHADA Board | 5,614 units | Rs 741.36 crore |
| Pune MHADA Board | 862 units | Rs 540.7 crore |
| MHADA Aurangabad Board | 1,497 units | Rs 212.08 crore |
| MHADA Nagpur Board | 1,417 units | Rs 417.55 crore |
| MHADA Nashik Board | 749 units | Rs 77.32 crore |
Budget FY24: Redevelopment Projects
As part of the FY24 budget, Rs 2,285 crore has been allocated for the redevelopment of BDD Chawl. Other redevelopment projects that will be taken up include Antop Hill, Bombay Dyeing Mill-Wadala Scheme, Dharavi Redevelopment Project Phase 1B, Dindoshi, Magathane (Borivali East), Pahari (Goregaon East), Patra Chawl (Siddharth Nagar, Goregaon). Kannamvar Nagar (Vikhroli). Along with this, a budget of Rs 100 crore has been allocated for the development of Police Housing Project Colony.
| Have a question or perspective on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
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