On Thursday, Chief Minister Devendra Fadanvis launched the
first integrated township project in NAINA (Navi Mumbai Airport Influence
Notified Area) at Panvel. The project that comprises of a total 10,000 homes
being and will be built by The Wadhwa Group will also have 1,000 homes that
will be given to the state government.
The mega project named 'Wadhwa Wise City' will qualify for
Pradhan Mantri Awas Yojana (Urban) Scheme, and will offer 5500 affordable homes
in the first phase. The developer claims that he has already sold 900 units
during the pre-launch.
The project will have studio, 1 and 2 BHK apartments that
will be constructed in various phases. Out of the total land holding of 450
acres, The Wadhwa Group is planning to develop 138 acres. The project has got
all the approvals for the first phase – location clearance under ITP, letter of
intent (LOI) under ITP, Environmental Clearance for the Township, as well as,
CC for building phase 1. The mandatory MahaRERA registration for relevant
buildings has also been obtained.
The government has made it mandatory that certain layouts
will have to keep a portion of the housing stock under the integrated township
plan for inclusive housing. The developer claims that the 1000 homes going to
the government will be from this category. The homes will be then sold by the
government for the affordable segment.
Source: DNA India
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