MMRDA will make 5 Lakh flat for rent

June 2, 2015
Mumbai Metropolitan Region Development Authority (MMRDA) will make 5 Lakhs flats for rent. These flats will not for sale. Mumbai-based real estate developer Housing Development & Infrastructure Ltd (HDIL) has entered into a joint venture with Mumbai Metropolitan Region Development Authority (MMRDA) for the development of 525 acre of land under rental housing scheme at Virar, Mumbai.
The rent will be start from Rs.800 to maximum Rs 1500/- . These flats will be available for only poor families of Mumbai whose income are between Rs. 5000 to Rs.10,000 per month.

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