# MHADA: Land prices, bank credit leave 10,000-15,000 PMAY homes unallocated 2026-08-13T03:16:12+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet MHADA CEO Sanjeev Jaiswal said at the BRICS Friendship Cities conclave that high land costs and the inability of beneficiaries with irregular incomes to get bank loans have left 10,000-15,000 homes unallotted in the Mumbai Metropolitan Region. Of nearly 50,000 homes built under the Pradhan Mantri Awas Yojana in MMR, a fifth remain vacant because applicants cannot arrange financing, he said. The PMAY subsidy of Rs 2.5 lakh is too small to bridge the gap between home prices of Rs 12-15 lakh and what low-income households can borrow. Many potential buyers work informally, lack stable income or credit scores, and are rejected by banks. The Times of India reports that around 3 lakh homes have been built across Maharashtra under the scheme. ## Coverage - timesofindia.indiatimes.com Tags: affordable housing, bank credit, land prices, MHADA, Mumbai, PMAY Canonical: https://indianopinion.org/mhada-land-prices-bank-credit-leave-10000-15000-pmay-homes-unallocated/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/mhada-land-prices-bank-credit-leave-10000-15000-pmay-homes-unallocated/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.