India, Sept. 18 -- The premium money collected is from the year 2017 till June 2020. The housing authority approved 118 redevelopment projects received from various developers. The Maharashtra Housing and Area Development Authority (MHADA) Mumbai Board has collected about Rs 324 crore through premium money by permitting redevelopment projects on its layout, said a senior official.

"MHADA has been given the status of planning authority for the redevelopment of buildings on its layout in 2018 by the state government. This enabled no separate permission from BMC is required for the redevelopment of buildings on MHADA owned layouts. Hence, the premium money which was to be deposited with BMC now remains with the board only. said Vinod Ghosal...