MHADA Reduces Prices by 10% to 25% on 370 Houses in Mumbai
The Maharashtra Housing and Area Development Authority (MHADA) has announced a price reduction of 10% to 25% on 370 houses available through its Mumbai Board Lottery.
MhadaMumbaiHousingLotteryAffordable HousingReal Estate MumbaiAug 30, 2024
The 370 apartments, which were acquired through redevelopment projects under DCR 33(5), 33(7), and 58, will now be available at significantly reduced prices. Minister Save detailed the reductions a 25% cut for the Economically Weaker Section (EWS), 20% for the Low-Income Group (LIG), 15% for the Middle-Income Group (MIG), and 10% for the High-Income Group (HIG).
The revised prices will be made available on the official MHADA website and through press releases soon. To allow more citizens to participate in the lottery, the deadline for online application submissions has been extended until September 19, 2024. The updated schedule for the lottery draw will be announced shortly.
MHADA has also launched a mascot, 'Shri and Shrimati Nivasi,’ to act as a goodwill ambassador for the organization. The mascot will help citizens understand and navigate MHADA’s procedures and provide friendly guidance on housing-related issues.
MHADA Vice President and CEO, Sanjeev Jaiswal (IAS), said, 'MHADA's mascot symbolizes the new identity of MHADA and brings to life the dream of homeownership for every citizen.' He added that MHADA aims to deliver services more seamlessly and achieve excellence in the housing sector.
Information
MHADA is a housing authority that aims to provide affordable housing to the citizens of Maharashtra. The organization has implemented various initiatives to make housing more accessible and affordable.MHADA (Maharashtra Housing and Area Development Authority) is a government organization that aims to provide affordable housing to the citizens of Maharashtra.
Frequently Asked Questions
What is the price reduction announced by MHADA?
MHADA has announced a price reduction of 10% to 25% on 370 houses available through its Mumbai Board Lottery.
What are the different income groups that will benefit from the price reduction?
The price reduction will benefit the Economically Weaker Section (EWS), Low-Income Group (LIG), Middle-Income Group (MIG), and High-Income Group (HIG).
What is the deadline for online application submissions for the lottery?
The deadline for online application submissions has been extended until September 19, 2024.
What is the purpose of MHADA's mascot, 'Shri and Shrimati Nivasi’?
The mascot will act as a goodwill ambassador for MHADA and provide friendly guidance on housing-related issues.
What is MHADA's aim in the housing sector?
MHADA aims to deliver services more seamlessly and achieve excellence in the housing sector.
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