MHADA meaning in Real Estate ?

Answer: What is Maharashtra Housing and Area Development Authority mean?

The Maharashtra Housing & Area Development Authority (MHADA) was established by the Maharashtra Housing and Area Development Act, 1976. It came into existence on 5 December 1977. The erstwhile Mumbai Housing and Area Development Board was restructured by a Government Resolution dated 5.11.1992 and split into three separate Boards viz. Mumbai Housing and Area Development Board, Mumbai Building Repairs and Reconstruction Board and Mumbai Slum Improvement Board Under the Government Resolution No. 2679/B, dated 22.7.1992. At present MHADA is coordinating and controlling the activities of seven regional housing boards, setup for each revenue division in the state viz. Mumbai, Konkan, Pune, Nashik, Nagpur, Amravati, Aurangabad and two special purpose boards viz. Mumbai Building Repairs and Reconstruction Board and Mumbai Slum Improvement Board. In Mumbai, it has constructed about 3 lakh housing units.

The Maharashtra Housing Board was established in year 1948 and had a jurisdiction over the entire State of Maharashtra except Vidharbha region. This body undertook construction of residential buildings under various housing schemes for different sections of the society. The allotment and maintenance of these buildings was being looked after by it. On the re-organization of the State, the Vidharbha Housing Board was established in the year 1960 as a successor body to the erstwhile Madhya Pradesh Housing Board. Its functions were similar to those of the Maharashtra Housing Board, except that it also advanced loan to co-operative housing societies, institutions and local authorities for the construction of houses.The Bombay Buildings Repairs and Reconstruction Board was constituted in 1971. It was created to deal with the problems faced by tenants residing in dilapidated buildings in the Island City of Bombay and undertook its structural repairs and reconstruction, so as to make them structurally sound and safe for habitation.The Maharashtra Slum Improvement Board was constituted in 1974, with intention to provide basic amenities, such as water taps, drainage, pathways, latrines and streetlights etc. in slums. To begin with, its activities were confined to the Mumbai City and Mumbai Suburban Districts. These activities were later extended to the other parts of the State. The Maharashtra Housing & Area Development Authority (MHADA) was established by the Maharashtra Housing and Area Development Act, 1976. It came into existence on 5 December 1977. The erstwhile Mumbai Housing and Area Development Board was restructured by a Government Resolution dated 5.11.1992 and split into three separate Boards viz. Mumbai Housing and Area Development Board, Mumbai Building Repairs and Reconstruction Board and Mumbai Slum Improvement Board Under the Government Resolution No. 2679/B, dated 22.7.1992. At present MHADA is coordinating and controlling the activities of seven regional housing boards, setup for each revenue division in the state viz. Mumbai, Konkan, Pune, Nashik, Nagpur, Amravati, Aurangabad and two special purpose boards viz. Mumbai Building Repairs and Reconstruction Board and Mumbai Slum Improvement Board. In Mumbai, it has constructed about 3 lakh housing units.

Recently MHADA has come out with a low cost housing scheme offering 2,593 apartments in Mumbai and Mira Road in its May 2012 Lottery Scheme. In a press conference on 28.08.2019 MHADA Chairman Uday Samant stated that MHADA may not call lottery for 3 years due to unavailability of housing stock. MHADA has stock of only 217 houses as of August 2019. On 6 August 2021,the organisation planned to initiate the process through a lottery system for allocation of low cost houses and will be situated in areas like Virar, Mira Road, Shirdhon, Khoni, Gotheghar, and Vengurla.

reference

Full Form	Category
Maharashtra Housing and Development Authority	Governmental
Maharashtra Housing and Area Development Authority	Real Estate