MMRDA plans to sell 2,500 low-cost flats in Thane and Vasai-Virar, contributing to affordable housing initiatives for economically weaker sections.
Zero-rent housing, popular in Vasai-Virar, requires hefty deposits of Rs. 2-5 lakh, refundable upon lease end. This attracts tenants, especially newlyweds and those with transferable jobs, and allows owners to reinvest.