Full Form of MHADA in Governmental Real Estate
Maharashtra Housing & Area Development Authority
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| Full Form of MHADA in Governmental Real Estate |
History of MHADA
The Maharashtra Housing and Area Development Authority (MHADA) was set up by the Maharashtra Housing and Area Development Act, 1976. It appeared on 5 December 1977.
Jurisdiction:- Government of Maharashtra
Headquarters:- Bandra-East, Maharashtra
Formed:- In 1977
What is MHADA scheme?
The Maharashtra Housing and Area Development Authority, otherwise called MHADA, has plans that give the occupants of Maharashtra admittance to moderate private property. The MHADA Mumbai plot offers more than 1,300 minimal effort houses through a lottery framework and the candidates are isolated dependent on their pay.
Who is eligible for MHADA lottery scheme?
a. To apply for LIG pads, the candidates month to month pay should fall between Rs. 25,001/ - and Rs. 50,000/ - .
b. To apply for MIG pads, the candidates month to month pay should fall between Rs. 50,001/ - and Rs. 75,000/ - .
c. A candidate should be 18 years old or above. Any application for the sake of a youngster would not be acknowledged.
d. Candidates acquiring over Rs. 75,000/ - each month are qualified to apply for HIG pads.
e. The candidate should hold a PAN Card.
f. The candidate should hold a house testament of 15 years in any place of Maharashtra.
Documents required for MHADA lottery scheme
1. PAN card
2. Aadhaar card
3. Birth certificate
4. Domicile certificate
5. Driving license
6. School leaving certificate
7. Passport
8. Voter ID card
Is home loan possible on MHADA flats?
You can return home advance not just for the new pads developed by MHADA and sold through lottery yet you can likewise get a home advance for getting it from an individual other than MHADA for old pads built by MHADA. You would then be able to move toward MHADA for issue of NOC for promising the level with the moneylender.
Can we sell MHADA flats?
The individuals who own pads MHADA pads are permitted to sell their units solely after five years from the date of procurement. In any case, one should be careful in the event that one is purchasing a level in resale. Deal through the force of lawyer is considered unlawful, and if the MHADA conducts an unexpected strike, you are at risk to be ousted.
Conclusion
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