Mumbai, Sep 11 (UNI) Mumbai Metropolitan Regional Development Authority (MMRDA) will be building one lakh houses in the city in the next two years, with the aim of providing low cost rental housing to people.
This was announced after the 122nd meeting of the MMRDA, chaired by Chief Minister Vilasrao Deshmukh here yesterday, according to an official release here today.
Under the Rental Housing Scheme, five lakh tenements will be constructed in five years and MMRDA will get Rs 750 crore as rent. A flat of minimum 160 sq ft will be constructed under the scheme, for which MMRDA has made a provision of Rs 100 crore in the current budget.
The rental housing will help in arresting proliferation of slums, the Chief Minister said.
A proposal of providing floating fund of Rs 1,000 crore by the Authority for implementation of this important project was approved. For implementation of the project, MMRDA has been appointed as the Project Implementation Authority.
The Chief Minister directed MMRDA to do detailed study about policies to be adopted for making vertical development of Mumbai as there is no more FSI available.
''Six sites have been identified for disposal of wastes in the city and construction of 16 flyovers is in progress. Due to some reason work of pedestrian bridge of Milan Subway had been suspended, rehabilitation of people here will be taken up immediately,'' MMRDA commissioner Mr Ratnakar Gaikwad said.
The meeting discussed the metro rail project and various other developmental projects in the city.
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