MHADA Lottery 2026: 7.5% Price Cut on 1,221 Affordable Homes in Mumbai
The Maharashtra Housing and Area Development Authority (MHADA) has announced a significant price reduction for 1,221 apartments under its MHADA Lottery 2026. Out of the total 2,640 homes on offer in Mumbai, this move affects nearly 46% of the inventory. The price cuts apply specifically to units in Kanamwar Nagar and Vikhroli East, two prominent areas in the city.
The decision to reduce prices was made after the Mumbai Board reviewed the pricing for select units. According to MHADA, the revised prices are as follows: for Building No. 2 at Kanamwar Nagar, prices have been lowered from ₹1.45–₹1.47 crore to ₹1.34–₹1.36 crore. Similarly, for Building No. 3 in the same locality, the prices of 741 units have been revised from ₹1.45–₹1.48 crore to ₹1.34–₹1.37 crore.
Each tenement in this project will be provided with one car parking space free of cost, and applicants are encouraged to take advantage of this opportunity by submitting their applications for the lottery, as stated in the MHADA announcement.
MHADA's most expensive apartment is located in the Tardeo area of South Mumbai, priced at ₹6.82 crore in the High Income Group (HIG). On the other end of the spectrum, the most affordable house put up for sale by MHADA is in Mankhurd, for the Economic Weaker Section (EWS), priced at over ₹29 lakh. According to the MHADA list, there are 4 apartments in the above ₹6 crore price range, 2 of which are in Cressent Tower, Tardeo. The first apartment measures 1,520 sq ft and is priced at ₹6.77 crore, while the second, measuring 1,838 sq ft, is priced at ₹6.82 crore, making it the costliest apartment in the MHADA lottery.
In March 2026, MHADA announced a lottery for 2,640 affordable homes in the Mumbai real estate market. Of these, 1,762 apartments, or around 66%, are under construction, as per data accessed from MHADA's website. The MHADA lottery 2026 has apartments for sale across various areas such as Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, and Dadar, among others.
As per the revised schedule announced by the Mumbai Board, online applications can be submitted up to 11:59 PM on 14 May 2026, and the earnest money deposit can be paid online until 11:59 PM on 15 May 2026. Additionally, applicants can make EMD payments through RTGS/NEFT up to the banking hours of 15 May 2026.
The provisional list of received applications will be published on 22 May 2026 at 3:00 PM on MHADA’s official website, https://housing.mhada.gov.in. Applicants can submit online claims and objections until 25 May 2026, 3:00 PM. The final list of accepted applications will be published on 29 May 2026 at 3:00 PM. The computerised lottery draw for allotment of flats will be conducted on 5 June 2026.
This price reduction is a significant step towards making affordable housing more accessible to the residents of Mumbai, a city known for its high cost of living. MHADA's efforts to provide affordable homes are crucial in addressing the housing needs of the city's diverse population.
