Redevelopment boost in Maha gives Mhada record payoff

The redevelopment of old buildings received a push in the state during Covid as Mhada gave record approvals to projects, in the process collecting its highest revenue levels from fees and premiums: in just five months, from April to August 2021, the agency collected Rs 1,171.86 crore through this approach. In comparison, in 12 months from April 2020 to March 2021, the agency had collected 261.38 crore.

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