To implement its plan to reserve 20 per cent homes for affordable homes in all major private housing projects in the state, the Maharashtra government is expected to issue final notification next September. It is said that decks have now been cleared for for the State's plan.
According to the government, the scheme will make it mandatory for developers to reserve 20 per cent of built-up area for constructing smaller apartments — in the range of 300 to 516 sq feet — in their projects. These flats will be bought at construction cost by Maharashtra Housing and Area Development Authority and sold through lottery.
A year ago, the State Chief Minister Prithviraj Chavan had announced this decision to increase housing stock available for middle and lower income groups. The draft notification was issued last year and has since gone through the process of suggestions and objections being heard. It has been learnt some changes will be made to the draft based on inputs from the stakeholders.