MHADA Will Sell These Four Flats to Common Home Buyers Via Lottery.

By Varun Singh

It is raining flats to MHADA from private developers. Only a few days ago, the housing body’s Repair and Reconstruction Board received eight flats from a developer in Tardeo, now the Mumbai Board of MHADA received four flats from a private developer in Juhu area. All these flats will be sold to common man at affordable prices via MHADA lottery. 

The four flats are located in Juhu’s JVPD area, where a private developer handed over the flats to MHADA without cost. The flats are in the building named Tulip Co-operative housing society and are located on first and second floors. 

In the month of September, eight flats with two car parks each, in one of the most upmarket areas of the city, landed in the housing body’s kitty. The flats are located in Tardeo area of Malabar Hill Division, each flat measures around 1,500 sq ft and are way above the average size of tenements that MHADA offers in rehab component.

The new four flats located in Juhu, measures close to 750 sq ft. the total area, of the four flats measures 299 sq mts, which is a little above 3.000 sq ft. 

Confirming the same, an official from Mumbai board said, “We have received these flats admeasuring close to 750 sq ft from a reputed developer.” These flats, with a total area of 299.92 sq mt were handed over to the housing authority on September 27.

These flats will be up for grabs in the upcoming Mumbai Board’s lottery. Within one month’s time the housing body has procured a total of 12 flats, which is amongst the highest number of flats procured by Mhada in South Mumbai area.

The housing body is the planning authority for it Layout and there are many projects where MHADA gets flats from the developers. The cost of the flats aren’t decided, but it will be sold by MHADA at affordable prices. 

Leave a Reply
You May Also Like

Top Firm Sells Worli Flat For Rs 6.14 Cr That It Bought For Rs 9.6 Cr Only 9 Months Ago

One of India’s top firm sold a Worli flat on August 18,…

India’s Largest Mortgage Tech Platform Reports ₹714 Crore Revenue in FY25, Eyes Continued Scale Through API-Driven Loan Origination

Urban Money, India’s largest mortgage tech platform, has reported ₹714 crore revenue in FY25 and aims to cross ₹1,000 crore by FY26. Backed by Square Yards, the company has grown 10x in three years through API-based mortgage origination and a 1.5 lakh-strong partner network.

Homebuyers Rejoice: RBI’s 50 bps Rate Cut Lowers EMIs, Boosts Affordable Housing Prospects

In a significant move for homebuyers, the RBI has cut the repo rate by 50 bps to 5.5%, making home loans cheaper and boosting affordability in the affordable and mid-income housing segments. Developers and industry leaders welcome the decision, expecting renewed demand and faster project execution.

Maharashtra Govt Clears Framework for Large-Scale Mumbai Police Housing Township Project

The Maharashtra government has cleared the implementation framework for a large-scale Mumbai Police Housing Township Project, with final cost and phasing to be determined after a detailed feasibility study.