MHADA Announces Plan to Build 8 lakh Affordable Homes in Maharashtra by 2028
Maharashtra Housing and Area Development Authority (MHADA) has announced its ambitious plan to construct 8 lakh affordable homes across the state over the next five years. This initiative aims to provide housing for various income categories, ensuring mor
Affordable HousingMhadaMaharashtraReal EstateHousing LotteryReal Estate MaharashtraFeb 05, 2025
On February 5, he revealed that the Maharashtra Housing and Area Development Authority (MHADA) will construct 8 lakh affordable homes across Maharashtra within the next five years.
The announcement was made during a housing lottery event where 2,147 affordable homes and 117 plots in the Konkan division were awarded to winners.
Speaking at the event, Shinde emphasized the importance of affordable housing, stating, 'Considering that owning a house is every person's dream, the Maharashtra government has consistently worked towards providing the maximum number of affordable housing units.' He highlighted that MHADA's transparent lottery system has increased public trust, with over 31,000 applications received for the 2,147 houses in the current lottery.
MHADA, the nodal housing authority in Maharashtra, has a long history of providing affordable housing.
Since its establishment in December 1977, the authority has constructed 5,05,802 dwelling units, including redevelopment projects.
Shinde also mentioned that MHADA is involved in several initiatives, such as cluster development and the Pradhan Mantri Awas Yojana (PMAY).
Notably, MHADA is constructing Asia's largest cluster development project in Thane and implementing numerous projects in Mumbai.
The Konkan Board of MHADA is set to hold another lottery within the next six months, marking the second such event in a single year.
This decision was made to give more people a chance to secure affordable housing.
Sanjeev Jaiswal, CEO and VP of MHADA, confirmed plans for another lottery between March and May 2024.
The recent lottery saw the announcement of 2,147 affordable homes and 117 plots, located primarily in Thane city and district, including areas like Kalyan, Titwala, Palghar, Raigad, Ratnagiri, Sindhudurg's Oras, Vengurla, and Malvan.
Winners of the lottery will receive notifications via email and SMS, and the list of successful applicants will be published on the official MHADA website (https //housing.mhada.gov.in).
One of the lucky winners, Dattaprasad Palav, a 32-year-old real estate consultant from Thane, won a 2 BHK apartment in Kalyan for ₹35 lakh.
Another winner, Mangesh Kolekar, secured a 2 BHK worth ₹22 lakh in Dombivali.
Kolekar's wife applied for the lottery for the first time and won, highlighting the accessibility and fairness of the system.
Frequently Asked Questions
How many affordable homes will MHADA construct in the next five years?
MHADA plans to construct 8 lakh affordable homes in the next five years.
When was the recent housing lottery event held?
The recent housing lottery event was held on February 5, 2023.
How many homes and plots were up for grabs in the recent lottery?
2,147 affordable homes and 117 plots were up for grabs in the recent lottery.
What is the significance of the transparent lottery system according to Shinde?
According to Shinde, the transparent lottery system has increased public trust in MHADA, with over 31,000 applications received for the 2,147 houses in the current lottery.
Where are the affordable homes for the MHADA lottery 2025 located?
The affordable homes for the MHADA lottery 2025 are located in Thane city and district, including areas like Kalyan, Titwala, Palghar, Raigad, Ratnagiri, Sindhudurg's Oras, Vengurla, and Malvan.
Related News Articles
Sectoral and Thematic Mutual Funds Lead the Way in Folio Addition
Technology and Artificial Intelligence are transforming the Indian real estate sector, while sectoral and thematic mutual funds saw the highest folio addition in July.
Mumbai's Residential Market Boom: Sales Value to Cross ₹2 Lakh Crore by 2030
Mumbai's residential market is expected to surpass ₹2 lakh crore in sales value by 2030, driven by infrastructure development and regulatory reforms.
Luxury Housing Market Booms in India, Affordable Segment Struggles to Keep Pace
India's real estate market is witnessing a significant shift, with luxury homes taking the lead in the latest sales figures. Mumbai, Bengaluru, and Pune are leading the charge, while luxury homes dominate the market.
Ashiana Housing: A Pioneering Force in the Real Estate Market of Pune and NCR
Explore the groundbreaking projects and innovative approaches of Ashiana Housing, one of the leading real estate developers in Pune and the National Capital Region (NCR).
Highway Widening in North Bengaluru: A Boost for Real Estate
Real estate developers are anticipating a surge in interest in North Bengaluru following the approval for the highway widening project. This move is expected to catalyze the launch of new residential communities and mixed-use developments, making the area
Co-Living Startup Truliv Expands to Bengaluru
Truliv, a leading co-living startup based in Pune, has announced its expansion to Bengaluru, aiming to tap into the city’s thriving tech parks and urban living market.