- Bribe Fighter
- 13 years ago
- 3078 views
MHADA charges- so called fees but illegal
We were looking to own a property in Mumbai and went to many agents to check affordable ones with right infrastructure. They showed us multiple properties. However, everytime we tried for the properties within MHADA (State Housing and development Authority), they told us the quotable amount for loan not to account for 5% of the total we have to pay. This 5% was MHADA charge, which was illegal and cannot be shown as part of our house investment in banks. I was not willing to pay it and finally after some more search, got a non MHADA property within range to evade this charge.