MHADA Announces 20,000 Affordable Homes in Upcoming Lotteries
The Maharashtra Housing and Area Development Authority plans multiple lotteries to distribute affordable homes across Mumbai, Pune, and Konkan by March 2025.
- Maharashtra Housing and Area Development Authority (MHADA) announced the winners for 2,030 affordable homes in Mumbai, with over 1.13 lakh applicants participating.
- A new lottery for 12,000 affordable homes in the Konkan region, including the Mumbai Metropolitan Area, is scheduled for October 9.
- By March 2025, MHADA plans to hold lotteries for nearly 20,000 homes in Mumbai, Pune, and Konkan, with an additional 3,000 homes in Mumbai by mid-2025.
- MHADA has reduced the prices of homes by up to 25% for various income groups, aiming to make housing more accessible.
- The agency aims to create a stock of 50,000 affordable homes in Mumbai over the next five years, conducting two lotteries annually.