MHADA (Maharashtra Housing and Area Development Authority) buildings typically have a lifespan of 50-60 years, depending on maintenance. After 40 years, MHADA might initiate reconstruction if the structure is deemed unsafe or residents collectively opt for redevelopment under government schemes.
However, the resale value of a 40-year-old property could be low due to aging infrastructure and buyer preference for newer constructions. If redevelopment is announced, the value might increase due to the potential of a modern building.
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Will mhada go for reconstruction after 40 years of construction? Will it give a good resale value if purchased after 40 years of construction and sold after 45-46 years?
Ruhi badami
106Views
2 Year
2022-10-31T10:58:31+00:00 2022-11-07T09:43:52+00:00Comment
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