MHADA Housing Lottery Results

Mhada had earlier planned to sell the flats for Rs 4,360 per sq ft, but may raise the prices up to Rs 5,000 per sq ft. The board plans to come up with advertisements for the sale of these flats by December.
The complex has 16 towers of 14 and 15 storeys and the costs have risen over Rs 150 crore.Said a senior official of Mhada, “We had acquired the Versova plot in 1964 for mass housing. During the same time, Oshiwara Land Development Corporation Pvt Ltd staked its claim on the land. When the matter reached the high court, it allowed Mhada to develop the land, however it also directed not to create any third party interest and accordingly an undertaking was taken from Mhada.”

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Source: ashq.wordpress.com