My brother had a MHADA flat vacant and wanted to earn some money through it. He consulted with several people on can we give MHADA flats on rent and learned that the new rule permits it. The owners are now allowed to rent their Mhada properties. However, for renting, owners have to acquire the NOC. I am aware of the entire process so let me answer your query in detail.
Can I Rent MHADA Flat?
Yes, you can rent out your MHADA property. MHADA authority will, however, levy a charge ranging from Rs 2,000 to Rs 5,000 depending on the economically weaker or higher section of society to provide the No Objection Certificate. This NOC will give the owner the right to rent their property for 11 months. Owners will just have to submit a copy of the L&L agreement to the Mhada.
The best part is that any owner living in the city or outside can rent out their Mhada property without any restrictions. This will not only help the MHADA owners to have an extra income but also allow the government to increase their revenue generation through stamp duty and registration fees. This decision has been implemented since last year, 2023 and is still in practice.
You can ask the MHADA authority for more information or doubts.
Seek NoBroker Legal Expert’s Advice for any MHADA Property-Related QueryRead More:
How to rent Mhada Flat and get NOC?
Authors Of The Question
How can we Rent MHADA Flat?
Piyush
932Views
2 Year
2022-06-29T17:46:18+00:00 2024-03-29T17:06:56+00:00Comment
1 Answers
Share