India, Oct. 13 -- The Maharashtra Housing and Area Development Authority (MHADA) will generate more than 700,000 homes in the the Mumbai Metropolitan Region (MMR) over the next five years, including nearly 550,000 homes in the city, said Sanjeev Jaiswal, Vice President and Chief Executive Officer, Mhada.

These homes will include affordable housing units sold via lottery, inclusive housing projects, redevelopment projects, revamps of the Prime Minister's Grant Project (PMGP) Colony, and cluster redevelopment being executed by the housing authority.

"Mhada is executing multiple cluster redevelopment projects in Mumbai, including in GTB Colony in Sion, SVP Nagar in Andheri, Motilal Nagar in Goregaon and Kamathipura near Mumbai Central," Ja...