MHADA finalised Thursday a budget of Rs 4,897.11 crore for 2013-14, with almost 50 per cent of the money or Rs 2,411 crore being allocated for land acquisition and construction of affordable houses.
"We have kept aside nearly Rs 750 crore for land acquisition. The largest potential for land acquisition is in Pune. Last year, we scouted for private land and realised there were not many prospects for acquisition under boards such as Konkan, Amravati and Aurangabad. There were a few proposals in Nashik, but the rates were too high and land titles not clear," said Satish Gavai, vice-president and CEO.