Mumbai, May 26 -- The price of 6,248 flats in Thane, built as part of a government scheme for lower income groups, has been reduced between Rs.1.01 lakh and Rs.1.43 lakh, by the Konkan board of the Maharashtra Housing and Area Development Authority (MHADA). The reduction was due to a lack of response from buyers when the flats were launched in 2024. To house the economically weaker section (EWS), struggling to buy their own homes, the Maharashtra government is rolling out the Pradhan Mantri Awas Yojana in urban and rural areas through MHADA. The Konkan Housing and Area Development Board, a regional unit of MHADA, built the 6,248 flats at Khoni and Shirgaon in Kalyan and Badlapur in Thane. The Konkan board launched these flats in 2024 at a "First come, first served" basis for the EWS, but when buyers did not respond as expected, the board proposed to reduce the prices. "Sanjeev Jaiswal, vice president and chief executive officer (CEO) of MHADA, has approved the revised sale price proposal for the flats. As per this approval, the sale price of 5,236 flats EWS category at Shirgaon has been reduced by Rs.1,43,404 per flat. The revised sale price of each flat will now be Rs.19,28,742. The sale price of 1,012 flats at Khoni has been reduced by Rs.1,01,800 per flat, bringing the new sale price per flat to Rs.19,11,700," said MHADA officials. The reduction will cost about Rs.85.38 crore in revenue compared to earlier prices, but MHADA hopes these reduced prices will make housing even more affordable for the EWS....