4 lakh houses needed by 2034 but prices may not fall

The draft Development Plan (DP) 2034 expects the city's population to grow by 16 lakh over the next two decades, and a requirement for four lakh homes to accommodate the increase. But even those who have prepared the DP document say there will be no space left for affordable homes as real estate prices are expected to remain high. Politicians, cutting across party lines, have come down heavily on the housing scenario. 
"High premium is charged over FSI. Flats that will be constructed after premium is paid will not be affordable. There is no scope for affordable housing in the draft DP and it will be difficult for the salaried common man to buy a place in the city," said Yashodhar Phanse, Shiv Sena corporator and BMC standing committee chairman. 

DP planners have projected a population of approximately 1.4 crore by 2034. Assuming that four of a family live under a roof, they have calculated four lakh houses will be needed for them.


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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

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