MHADA Announces Price Reduction for Mumbai Lottery Housing

Good news for Mumbaikars looking to buy affordable housing! The Maharashtra Housing and Area Development Authority (MHADA) has announced a price reduction for surplus housing units in its upcoming Mumbai lottery. This applies to units acquired under Sections 33(5) and 33(7) and offers discounts ranging from 10% to 25% depending on the income category.

Deputy Chief Minister Devendra Fadnavis, in a post on X (formerly Twitter), shared the news. “I am pleased to announce a reduction in the cost of MHADA houses on declared price for the current Mumbai Lottery. This applies to the surplus tenements received under Sections 33(5) and 33(7) only.”

The revised reductions are as follows:

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EWS (Economically Weaker Section):

25% discount
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LIG (Lower Income Group):

20% discount
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MIG (Middle Income Group):

15% discount
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HIG (Higher Income Group):

10% discount

Sanjeev Jaiswal, Vice Chairman and CEO of MHADA, told the Hindustan Times that the authority is aiming to launch the lottery in September, with a final announcement expected in the coming days. The flats will be available in popular areas including Malad, Powai, Vikhroli, Goregaon, and Wadala.

The MHADA lottery for Mumbai is highly sought after, with over 30,000 applications already submitted since the application period opened on August 9th. The deadline for applications has been extended to September 19th. MHADA is anticipating a high number of applications, as the lottery has received over 100,000 applications in total for its 2023 lottery.

Eligibility Criteria:

To be eligible for the MHADA housing scheme, applicants must meet the following income criteria:

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EWS:

Family income up to ₹ 6 lakh per year.
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LIG:

Family income between ₹ 6 lakh and ₹ 9 lakh per year.
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MIG:

Family income between ₹ 9 lakh and ₹ 12 lakh per year.
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HIG:

Family income above ₹ 12 lakh per year.

Required Documents:

* PAN Card
* Aadhaar card
* Domicile certificate
* Cancelled cheque
* Driving license
* Passport-sized photographs
* Birth certificate

The results of the lottery will be announced on September 13th at 11 am.

This price reduction is a welcome initiative by MHADA, offering a significant opportunity for aspiring homebuyers in Mumbai to own a home at a more affordable rate.