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Panvel, Raigad: The Maharashtra Housing and Area Development Authority (MHADA) has granted a Further Commencement Certificate (Further C.C.) for Buildings 1 and 2 of a proposed affordable housing project at Palaspe village in Panvel, Raigad district.
The project is being developed under the Vertical AHP-PPP model of the Pradhan Mantri Awas Yojana (PMAY). According to the approval document, the overall development is proposed to comprise 1,032 Economically Weaker Section (EWS) tenements, including 569 PMAY tenements, 308 Lower Income Group (LIG) tenements, 23 commercial units and an amenity building.
However, the latest Further C.C. specifically covers 346 tenements in Buildings 1 and 2, comprising 170 EWS tenements and 176 LIG tenements.
| Particular | Details |
|---|---|
| Authority | Maharashtra Housing and Area Development Authority (MHADA) |
| Project location | Palaspe Village, Panvel, Raigad, Maharashtra |
| Developer | M/s Megaj Realtors Pvt. Ltd. |
| Project model | Vertical AHP-PPP under PMAY |
| Overall proposed EWS tenements | 1,032 |
| PMAY tenements included in EWS | 569 |
| Overall proposed LIG tenements | 308 |
| Commercial units | 23 |
| Buildings covered by Further C.C. | Buildings 1 and 2 |
| Tenements covered by Further C.C. | 346 |
| EWS tenements in approved Buildings 1 & 2 | 170 |
| LIG tenements in approved Buildings 1 & 2 | 176 |
| Building configuration | Stilt + Podium + 22 floors |
| Approved building height | 69.92 metres |
| Plot | Final Plot No. 80 of Draft TPS-11 |
The proposed development is located on Final Plot No. 80 of Draft TPS-11 at Palaspe village, Taluka Panvel, District Raigad.
The project land is identified in the MHADA document through Gat Nos. 82/3, 82/5A, 82/5B, 82/6 and 82/7.
The development is being undertaken by M/s Megaj Realtors Pvt. Ltd., with the project structured under the Vertical Affordable Housing in Partnership (AHP)-Public Private Partnership (PPP) model under PMAY.
The overall project proposal includes 1,340 residential tenements, comprising:
1,032 EWS tenements
308 LIG tenements
Of the proposed EWS component, 569 tenements are identified as PMAY tenements.
In addition to the residential component, the proposal includes 23 commercial units and an amenity building.
The 1,340-tenement figure represents the overall proposed development mentioned in the approval document and should not be interpreted as the number of units covered by the latest Further Commencement Certificate.
The latest MHADA approval specifically grants a Further Commencement Certificate for Buildings 1 and 2.
These two buildings comprise a total of 346 tenements, divided into:
170 EWS tenements
176 LIG tenements
The approval permits the construction of Stilt + Podium + 22nd floors, with a building height of 69.92 metres up to the top of the terrace.
The Further C.C. has been issued under Section 45 of the Maharashtra Regional and Town Planning Act, 1966 (MRTP Act).
The latest approval document refers to earlier permissions issued for the project.
The Commencement Certificate up to plinth level was issued on September 27, 2024. A re-endorsed C.C. up to plinth was subsequently issued on January 16, 2025.
The developer then submitted an application for the Further C.C. on September 2, 2026.
The latest approval refers to the approved plans issued by MHADA on January 8, 2025.
The Further C.C. is an important construction-related approval for the specified buildings. It confirms that MHADA has permitted further construction of Buildings 1 and 2, covering 346 EWS and LIG tenements.
At the same time, the approval should not be interpreted as confirmation that all 1,340 proposed residential tenements are currently sanctioned for construction. The larger figure represents the overall proposed development, while the latest Further C.C. specifically covers 346 tenements.
Similarly, the document by itself does not announce a lottery, booking process, allotment, sale price, registration deadline or application schedule for prospective homebuyers.
The Palaspe project is notable because it combines EWS and LIG housing with PMAY-linked affordable housing under a Vertical AHP-PPP model.
However, prospective applicants should wait for an official MHADA or concerned authority notification before treating the project as open for applications or allotment.
Details such as flat sizes, prices, eligibility conditions, booking procedure, income criteria, application dates, allotment mechanism and possession schedule are not established by the Further Commencement Certificate provided for this article.
The MHADA Palaspe project is a proposed affordable housing development at Palaspe village in Panvel, Raigad district, being developed under the Vertical AHP-PPP model under PMAY.
The overall proposal comprises 1,340 residential tenements, including 1,032 EWS tenements and 308 LIG tenements. The EWS component includes 569 PMAY tenements.
The latest Further Commencement Certificate covers 346 tenements in Buildings 1 and 2, comprising 170 EWS and 176 LIG tenements.
The project developer named in the MHADA approval is M/s Megaj Realtors Pvt. Ltd.
The project is located at Palaspe village, Taluka Panvel, District Raigad, Maharashtra, on Final Plot No. 80 of Draft TPS-11.
The Further C.C. provided does not announce an application, booking or allotment process. Buyers should rely on an official notification from MHADA or the relevant authority for any future application details.
Yes. The approval document identifies the development as being undertaken under the Vertical AHP-PPP model under the PMAY scheme, with 569 of the proposed EWS tenements identified as PMAY tenements.
