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After the downturn, realty players are now becoming modern and coming forward to associate with the Govt. to hit the low demand. They are thinking to cock 4.50 lakhs people who are not given the residences in the MHADA plan and have gone to Govt. with a plan where they can supply to these potential purchasers. As per to the sources saying at the www.propertykhazana.com, the Builders Association of India (BAI) which comprises 10,500 realty players all over India has written a letter to the Chief Minister of Maharashtra asking for him to select MHADA and CIDCO as the joint agencies for developing the ventures under the contentious Slum Rehabilitation Authority (SRA) Scheme.
BAI urged for MHADA and CIDCO to be selected as the authorized agency for development and for developing the SRA ventures. Letter also stated that, “These agencies might give free rehabilitation module residences to slum inhabitants by constructing a multi-storied building which has now been given in the SRA.”
One of the builders said to www.propertykhazana.com that, “Under the BAI plan, the Govt. and the realty players might come as one and create a JV and house these latent purchasers. If the plan is approved, then the realty players who are experiencing a hard way will be inclined to profit. We get business and will raise the buildings, if MHADA is able to satisfy the people who are interested in reasonable residences.” For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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