Govt falters on 5 lakh affordable houses scheme.

Courtesy:TIMES OF INDIA Tomorrow, it will be exactly two years since Maharashtra Chamber of Housing Industry (MCHI) and the state government inked a Memorandum of Understanding (MoU). The intent was to develop five lakh affordable homes in Mumbai and the Mumbai Metropolitan Region (MMR). However, in a recent statement, MCHI has claimed that nothing has…

Will take 3 years to clear unsold stock of flats in Mumbai

There are so many residential flats lying unsold in Mumbai that it will take more than three years to clear the stock. This means the skyrocketing price of your dream house might ease up.The value of the current unsold housing stock in Mumbai is around Rs8,535crore. According to the quarterly report released by real estate…

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