Maharashtra waives interest of Rs 400 crore on overdue service charges on MHADA apartments, Real Estate News, ET RealEstate

MUMBAI: Maharashtra Housing Minister Jitendra Awhad on Tuesday announced a waiver of Rs 400 crore interest on unpaid service charges by apartment owners in Maharashtra Housing and Area Development Authority (MHADA) settlements in Mumbai.

An amnesty program is being implemented by the Mumbai board from April 2021 for the recovery of service charges, Awhad said, adding that under this program the government has waived the full interest due from 1998 to 2021.

The Minister was addressing reporters after the launch of MHADA’s new electronic invoicing system for the payment of service charges at his official residence in the presence of MHADA officials.

“The state government is always sensitive to the common man. As a result, (unpaid) interest (of Rs 400 crore) on the amount of the service charge has been completely waived, resolving an outstanding issue for 23 years, ”Awhad said.

He said that citizens (owners of MHADA apartments) have to pay a service charge, but they can pay it in five years or in ten installments.

“They can pay at their convenience, but they will have to pay at least two installments each year,” the minister said. He said that the introduction of the electronic invoicing system for the payment of service fees was a landmark decision by MHADA and that it would benefit approximately 1.46 lakh residents in 56 settlements under the jurisdiction of the board. from Mumbai.

According to MHADA officials, service charges are levied for various types of facilities provided by the state-run housing agency in its settlements, such as the maintenance of water pumps and salaries of staff at the settlement. maintenance, among others.

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