MHADA Lottery 2024: A Golden Opportunity for Affordable Housing in Mumbai
Maharashtra government announces housing lottery with over 2,000 affordable homes in Mumbai, receives over 68,000 applications
Mhada Lottery 2024Affordable HousingMumbaiMaharashtra GovernmentHousing LotteryReal Estate MaharashtraSep 12, 2024
The response to the lottery has been tremendous, with the number of applications doubling within two weeks. As of September 11, 49,284 applicants have paid the earnest money deposit (EMD) required to be paid for the apartments.
MHADA had reduced prices of 370 affordable homes by 10% to 25% on August 29, which is believed to have contributed to the increased interest in the lottery. The homes are located in areas like Andheri, Antop Hill, Juhu, Goregaon, Tardeo, Vikhroli, Powai, among others.
The costliest apartment on offer is a unit worth ₹6.82 crore in south Mumbai's Tardeo area, measuring over 1,500 sq ft. This apartment is located on a higher floor, is ready-to-move, and the building overlooks the Mahalaxmi Racecourse and faces the sea.
The application procedure for MHADA lottery 2024 is completely online, and homebuyers can keep a track of lottery-related updates on https //housing.mhada.gov.in/. The last date for applying in the MHADA lottery 2024 is September 19.
MHADA is a statutory body established under the Maharashtra Housing and Area Development Act, 1976. Its primary objective is to provide affordable housing to the people of Maharashtra.
The MHADA lottery 2023 had received over 1 lakh applications for over 4,000 affordable homes that were up for sale in Mumbai.
MHADA was established in 1976 with the aim of providing affordable housing to the people of Maharashtra. Over the years, the organization has implemented various schemes to provide housing to different sections of society.
Maharashtra Housing and Area Development Authority (MHADA) is a statutory body established under the Maharashtra Housing and Area Development Act, 1976. Its primary objective is to provide affordable housing to the people of Maharashtra.
Frequently Asked Questions
What is the last date for applying in the MHADA lottery 2024?
The last date for applying in the MHADA lottery 2024 is September 19.
How many affordable homes are on offer under the MHADA lottery 2024?
Over 2,000 affordable homes are on offer under the MHADA lottery 2024.
What is the price range of the apartments on offer?
The apartments are priced in the range of ₹29 lakh to ₹6.82 crore.
Where are the homes located?
The homes are located in areas like Andheri, Antop Hill, Juhu, Goregaon, Tardeo, Vikhroli, Powai, among others.
How can I apply for the MHADA lottery 2024?
The application procedure for MHADA lottery 2024 is completely online, and homebuyers can keep a track of lottery-related updates on https://housing.mhada.gov.in/.
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