Mumbai, April 10: The Maharashtra Housing and Area Development Authority (MHADA) has approved a budget of Rs 17,430.73 crore for the financial year 2026–27, outlining plans to construct 13,012 housing units across Maharashtra, with 2,538 units earmarked for Mumbai.
Statewide housing allocation across boards
The housing authority has allocated Rs 10,585.12 crore towards construction activities across its regional boards, including Mumbai, Konkan, Pune, Nashik, Amravati, Chhatrapati Sambhajinagar, and Nagpur. The budget was cleared along with a revised estimate of Rs 12,399.22 crore for FY 2025–26.
In Mumbai, MHADA has proposed the construction of 2,538 homes across various income groups, backed by a provision of Rs 6,747.42 crore.
The Konkan Board accounts for the largest share of planned construction, with 5,112 units proposed at an estimated cost of Rs 1,497.64 crore. Under the Pune Board, construction of 665 housing units has been targeted, with Rs 664.00 crore allocated for the same.
. Under the Nagpur Board, 2,008 housing units are proposed, with a provision of Rs 1,206.19 crore.
. Under the Chhatrapati Sambhajinagar Board, 1,483 housing units are proposed, with Rs 258.32 crore allocated.
. Under the Nashik Board, 237 housing units are proposed, with Rs 151.57 crore allocated.
. Under the Amravati Board, construction of 969 housing units is proposed, with Rs 59.98 crore allocated.
These new schemes by MHADA are expected to facilitate the availability of affordable housing across the state.
Focus on urban renewal and housing supply
Apart from new housing, the budget also focuses on urban renewal and welfare measures. A provision of Rs 2,711.95 crore has been made for projects under the Mumbai Slum Improvement Board through MLA and government funds.
Additionally, Rs 661.73 crore has been earmarked for repairs and maintenance of cessed buildings, transit accommodations, and reconstructed structures under the Mumbai Building Repairs and Reconstruction Board.
The MHADA conducts housing lotteries annually through its regional boards. However, in Mumbai, the lottery was not held for nearly five years—from 2018 until 2022—due to a shortage of housing stock. When the lottery was finally called in 2023, it saw an overwhelming response, with multiple applicants competing for each available unit.
A MHADA official said the authority is currently undertaking several major redevelopment projects, including those at Kamathipura, Motilal Nagar, and the Sion refugee colony. As these projects are still in the process of securing necessary clearances, on-ground construction is expected to begin by the end of this year or early next year.
Once construction gains momentum, the MHADA Mumbai Board is likely to significantly increase the supply of housing units available to buyers, the official added.
Land acquisition for PM Awas Yojana in Borivali
Chief Minister Devendra Fadnavis has approved the acquisition of reserved land owned by Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in Borivali at ready reckoner rates for the construction of affordable housing under the Pradhan Mantri Awas Yojana.
The decision was taken at a meeting of the Maharashtra Housing Development Corporation chaired by the CM at Sahyadri Guest House. The meeting was attended by Additional Chief Secretary (Housing) Aseem Kumar Gupta, MITRA Chief Executive Officer Praveen Pardeshi, Corporation Managing Director, among other officials.
Also Watch:
The reserved land parcels include plots owned by BSNL at Gorai and by MTNL at Shimpoli in Borivali, together measuring a total of 28.84 acres. The proposal placed before the meeting involved acquiring this land at a cost of Rs 729 crore as per ready reckoner rates and developing an affordable housing project under the Pradhan Mantri Awas Yojana. It also includes development of the remaining reserved land.
This project is expected to deliver over 1,000 housing units on the site.
To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/
