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    Housing Push: MHDC worth Rs. 2,000-cr on anvil

    Maharashtra Affordable Housing Development Corporation (MHDC)
    The state government in Maharashtra has decided to set up Rs 2,000 crore Maharashtra Affordable Housing Development Corporation (MHDC) to achieve the targeted construction of 20 lakh low cost housing units by 2022 under the Pradhan Mantri Awas Yojna, claimed official sources, reiterating that the key objectives of the proposed body will be to get all organizations involved in providing affordable housing under one umbrella. The new corporation will be incorporated with the shareholding of the Maharashtra Housing and Area Development Authority, Slum Rehabilitation Authority , Shivshahi Punarvasan Prakalp, Nagpur Improvement Trust, MMRDA, Cidco and National Housing Bank. The 13-member corporation will be headed by the chief minister, the vice-chairman will be the housing minister, additional chief secretary (housing) and CEOs of Mhada, MMRDA, Cidco, Nagpur Improvement Trust, National Housing Bank will be the members. The new corporation will implement the PMAY along with other state housing policy initiatives, encouraging affordable housing projects in collaboration with private developers and will create an urban housing fund where all government schemes can be channelized by leveraging commercial finance for housing development.
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