Mhada new scheme, owners can now be allowed to rent out flats in 1st five years

By Accommodation Times News Service

The state housing agency is set to do away with its rule that was restricting Mhada flat allotee from renting out the flat for first year. The proposal has been approved in the principal by the state. Mhada Chief Officer Mr. Niranjan Sudhanshu said, if any allottee is transferred to another city, and want to rent out the flat, now there will be no question of illegal renting.

The officials says , the move will help the state government increase through stamp duty and registration fee.





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