Summary:
According to a government notification, state housing body Mhada will tie up with the private landowners and construct the flats. Private landowners in Maharashtra can now monetise their immovable properties through the government's affordable housing scheme, with the state bringing out guidelines for such asset owners under the Prime Minister Awas Yojana. "This will boost the housing industry and will help construction of more affordable homes in Mumbai metropolitan areas and other metro cities in Maharashtra." The projects under the PPP scheme will be covered under MahaRERA, development control rules and development planning norms. The landowners will get the profit of this project and remaining share will remain with Mhada," reads the notification..