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MHADA Term Meaning in Real Estate - Guide
MHADA Term Meaning in Real Estate - Guide
MHADA is an abbreviation for the Maharashtra Housing & Area Development Authority.

The Maharashtra Housing & Area Development Authority (MHADA) was established by the Maharashtra Housing and Area Development Act, 1976. It creates low cost homes for poor and middle class people. Flats under this scheme are awarded on a lottery basis and no broker is allowed to purchase a flat.

MHADA is coordinating and controlling the activities of seven regional housing boards, setup for each revenue division in the state viz. Mumbai, Konkan, Pune, Nashik, Nagpur, Amravati, Aurangabad and two special purpose boards viz. Mumbai Building Repairs and Reconstruction Board and Mumbai Slum Improvement Board.

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