Raju Shetti, a prominent farmer leader and former Member of Parliament, has been awarded a MHADA flat costing ₹1.20 crore in Powai, being the only applicant under the MP/MLA/MLC quota.

The MHADA Mumbai Board is set to hold a lottery for 2,030 homes, with results to be announced on Tuesday at 11 am at the Yashwantrao Chavan Centre in Nariman Point, where several top politicians will be present.

MHADA received a total of 1.34 lakh applications for the lottery, with around 1.13 lakh applicants completing the payment process. The lottery system includes various reservations, including those for current and former Members of Parliament, MLAs, and MLCs.

Shetti, who hails from Hatkanangle, applied for a flat in the MIG scheme located at Aadi Shankaracharya Marg, near Rambaug Police Station in Kopari, Powai. The flat has a built-up area of 116.54 square meters and a carpet area of 65.61 square meters. The total cost is ₹12,013,323, with an Earnest Money Deposit (EMD) of ₹100,000.

When contacted, Shetti confirmed his application and expressed excitement about the upcoming lottery results, noting that he is the sole applicant for this property.

MHADA Earns ₹5.68 Crore Ahead of Upcoming Lottery for 2,030 HomesAlso Read:

You May Also Like

Maharashtra Government Shuts Down MAHA ARC Limited, Its State-Owned Asset Reconstruction Company

The Maharashtra government has approved the closure of MAHA ARC Limited, its state-level asset reconstruction company, following RBI restrictions that prevented it from operating under SARFAESI Act norms.

QIP Fundraising Reaches Record High in 2024, Real Estate Leads with INR 22,320 Cr

India’s QIP fundraising surged to an all-time high in 2024, raising INR 1,41,482 crore across sectors. The real estate sector emerged as the leader, attracting INR 22,320 crore in funding despite market volatility. Experts cite strong institutional confidence as a key driver behind the sector’s robust performance.

EY leases 4.20 lac Sq Ft for 5 years

EY Global Delivery Services India Private limited has leased a space in…

Robust Investments Bolster Warehousing & Logistics Sector in 2024

The Indian warehousing and logistics sector witnessed a remarkable investment surge in 2024, reaching USD 1.96 billion. Driven by quick commerce expansion and infrastructure growth, the sector also saw record absorption of 44.9 million sq. ft. Mumbai and Pune emerged as the biggest gainers, while NCR faced a significant decline.