Real Estate

MHADA Mumbai housing lottery applications cross 90,000 ahead of Thursday deadline

The ongoing lottery for the allotment of 2,030 houses under the Mumbai regional board of the Maharashtra Housing and Area Development Authority (MHADA) has now received more than 90,000 applications, with more than 70,000 paying the earnest money deposit as required under the various categories in the lottery. Officials said that they expect around 1 lakh applications before the deadline on September 19.

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According to latest figures provided by MHADA officials, the authority has received 94,733 applications, of which 70,562 paid the earnest money deposit. Officials said they expect more than one lakh applications by the end of the application process. Last year, MHADA’s Mumbai board received 1,22,318 applications for the 4,082 tenements under lottery.

Around half of the 2,030 tenements are meant for the general public, with MHADA reporting that 78,437 applications have been received for around 1,038 units. The lottery also has reservations for Scheduled Castes, Scheduled Tribes, notified and de-notified tribes, journalists, arts professionals, elected representatives, central and state government officers, and others.

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Nearly all of the tenements under various reservations received applications far exceeding their numbers. The only exception were units reserved for elected representatives, under which only four applications were received for 33 units. For this year’s lottery, 358 units have been reserved for the economically weaker sections, 627 units for low-income group, 768 units under the middle-income group category, and the rest are for the high-income group category.

The lottery draw will be held on October 8 in Mumbai, according to a statement from MHADA.

MHADA extended the deadline for applications to the lottery to September 19 from September 4, and also reduced prices by 10 to 25 percent of 370 of the 2,030 houses in the lottery. The 370 units were received by MHADA from various redevelopment projects being built by private developers under various sections of the Development Control Rules.

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According to MHADA, the state’s nodal agency for the supply of affordable housing, it reduced prices of the 370 units due to various “representations” that it received that prices for those units, which includes a number of sought-after high-income group units, were too high. After the price cut, the costliest apartment in the lottery, located in Tardeo, will now cost Rs 6.8 crore, lower than the earlier Rs 7.5 crore. Prices have also been reduced for various low and middle income units in areas such as Vikhroli, Goregaon, and others.

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