Every year, thousands of hopefuls aim to fulfil their lifelong dreams of owning a desired and affordable home in Maharashtra. This dream of theirs is aided by government bodies such as the Maharashtra Housing Board, more commonly known as Maharashtra Housing and Area Development Authority (MHADA).
Naturally, if you are looking for affordable housing in Maharashtra, you might be interested in the Maharashtra Housing Board (MHB) scheme. The MHB is a government agency that provides low-cost housing to the applicants belonging to the following categories: economically weaker sections, lower income groups and middle-income groups of the state. The MHB also undertakes slum rehabilitation and redevelopment projects to improve the living conditions of the urban poor. According to Magic Bricks, around 7.5 lakh families have been provided with affordable housing under the scheme over the last 10 years!
In this blog, we will explain how the MHB scheme works, how to register and apply for it, and what are the benefits and eligibility criteria of the scheme.
The MHB scheme works on the principle of demand-driven supply. This means that the MHB does not construct houses on its own, but invites private developers to participate in the scheme and provide housing units as per the demand of the applicants. The MHB acts as a facilitator and regulator between the developers and the applicants, ensuring that the quality, price and location of the houses are suitable for the target groups.
The MHB scheme is divided into four categories based on the income level of the applicants:
The MHB also reserves a certain percentage of houses for various categories such as Scheduled Castes, Scheduled Tribes, Other Backward Classes, Persons with Disabilities, Women, Ex-Servicemen, etc.
The registration and application process for the MHB scheme is online and simple. Here are the steps to follow:
The benefits of the Maharashtra Housing Board scheme are:
In a nutshell, the Maharashtra Housing Board scheme is a great opportunity for those aiming to find their dream affordable residence in the state of Maharashtra and its various cities such as Mumbai. So, research diligently about the scheme and its various processes and keep the above-mentioned information in mind for a successful registration.
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