Maharashtra is said to be the 3rd largest state present in the whole of India. The state of Maharashtra is considered as an extremely developed state in terms of industrial as well the financial aspect is concerned. Due to the large number of industries and business opportunities, the state falls under the list of top 3 most developed states in India. The state of Maharashtra mainly faces a hot and tropical climate as it is situated close to the Arabian Sea. The winter climatic condition is also not chilly or shivering. As the severity of summer as well as the winter conditions cannot be felt within the state, therefore most of the people find the place ideal to build a suitable home for living purpose. The balancing characteristic of the nature along with relevant recruitment opportunities have favored people from various parts of the country to relocate in his vast state.

The Real Estate sector within the state of Maharashtra has experienced a massive flourishing. The industry is booming to large requirement for houses, plots and lands. As a lot of people are relocating to this part of the country, therefore the need for quality accommodation has increased at a drastic pace. Some of the most important cities within the state of Maharashtra are Mumbai, Pune, Thane, Aurangabad, Nagpur, Nasik, Kolhapur, and Wardha.

Among the above mentioned cities, the properties that are located within the boundaries of Mumbai (capital of Maharashtra & financial capital of India) are considered to be the most expensive of the lot. The demand for flats and houses on rental as well outright purchase basis is simply huge. And this has led to extreme high pricing of the land properties.

Being the most important city within the state, Mumbai is preferred by most of the people to get relocated in order to avail the high facilities that are absent within other past of the state. The higher job opportunities have resulted in more and more people relocating to this part of the country.

Plots and land properties are not only in demand for residential accommodation purposes, but also are required at large in order to build commercial and business complexes. Plots to build up commercial plots have been in great demand in places like Mumbai, Nasik, Pune and Aurangabad.

Those people who are trying to buy the residential plots or even houses are trying to look for those ones which will have a good resale value. Plots available near to area which have a good reputation and quicker access to commercial places are mostly in higher demand. The plots and homes available in these areas are extremely high in pricing if compared to other localities.

The MHADA is one of the major government bodies that have contributed rapidly in creating and developing residential as well commercial housing properties. Let us have a look at the MHADA in detail.

The MHADA was previously known by the name of BOMBAY HOUSING BOARD. It was established during the year of 1948. The MHADA had jurisdiction for the whole of Maharashtra without the inclusion of the Vidharbha region. The MHADA took over the construction of several plots in order to construct flats and buildings for people relocating to the state. The MHADA followed several housing schemes in order to let various parts of our society benefit from it. Not only is the allotment of the constructed buildings, but also the maintenance part looked upon by the MHADA.

During the year of 1971, the board for BOMBAY BUILDINGS REPAIRS AND RECONSTRUCTION was established. It was mainly launched to deal all the common problems regarding the constructed houses and buildings. Some of the problems include dilapidated building structure, the construction related issues, the potential risk to the residents while residing in those places, etc.

The main objective of the Board is to provide necessary security measures and steps reading the above issues. The safety and security measures are taken care by the board with utmost sincerity.

During the year of 1974, the board for slum improvement within the state of Maharashtra was established. The major motive behind establishing this board is to provide the residents of the slums with basic amenities like latrines, hand tube wells, proper drainage cum sanitary system, proper lighting at the streets, paved pathways, etc. The first steps were taken at places within the city of Mumbai and its surrounding suburbs. However as time progressed this activity got spread to all the other parts that the state of Maharashtra comprises of.

The newly reformed MHADA (MAHARASHTRA HOUSING & AREA DEVELOPMENT AUTHORITY) was established during the end of 1977. However, the board was again re-modified during the early 90s by a certain government resolution act, 1992. After the re-modification, the board was divided into several shorter parts in order to have a proper survey of the areas in respective fields of work. The board was divided into 3 different parts for different purposes namely: repairing and reconstruction of the building areas available within the Mumbai region, development of unprocessed area for development of housing communities, and improvement of the slum areas available within the region of Mumbai.

If you look at the present scenario then it can be summarized that the MHADA is looking after the work and activities of regional boards housing which are 7 in number. The revenue colleting centers are setup at the seven important cities within the state namely Mumbai, Pune, Nagpur, Aurangabad, Konkan, Amravati, and Nasik.

The property and real estate dealers available within the state of Maharashtra are not fewer in numbers. The number of property dealers available within the city of Mumbai in itself comprises of a large number. And then there are other cities like Pune, Aurangabad and Nagpur which also comprises of fine real estate agents. However, the pricing of the properties depends entirely on the surrounding area where it is located. After that, the property size and area measurement along with interior features are calculated.

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