MHADA the state’s housing body has put a total of 24 homes on lottery. Of which 12 are for Lower Income Group and 12 for Middle Income Group.

By Varun Singh

Owning a house is the dream of every common man. However, buying them in the open market is not what all can afford.

MHADA has been assigned the task to meet the demand of the rising housing need in the state. In order to cater to this, a lottery of 24 homes will be held on August 10, 2020.

Of the 24 homes, 12 are for Lower Income Group (LIG) and 12 for Middle Income group (MIG).

The LIG homes are 1 BHK measuring between 41.96 – 43.75 sq mts. While the MIG homes are 2 BHK with an area of 60.09 – 60.14 sq mts.

Price for the LIG homes has been pegged between Rs 13.47 -14.05 lakh. While that of the MIG homes are Rs 20.23 – 20.24 lakh.

Applications for the lottery are being accepted from June 29 to July 30, 2020. The building where these 24 homes are located has six floor and a parking.

For people to apply under LIG they have to have a monthly income between Rs 25,001-50,000. While that of MIG the applicant should have an income of Rs 50,001-75,000 per month.

The MHADA building in which these flats are being sold via lottery is located in Kalanagar, Nashik.

The lottery will be held on August 10, at the Nashik office of MHADA.

Mumbaikars will have to wait some more time for their turn. Meanwhile, the housing body has got homes in some good locations in Mumbai.

In September 2019, eight flats with two car parks each landed in MHADA’s kitty.

These flats are located in Tardeo area of Malabar Hill Division. Each flat measures around 1,500 sq ft.

Another four flats in Juhu were also received by the housing body last year.

Also Read: Approvals in 60-days from MHADA, SRA: Minister

Leave a Reply
You May Also Like

5 Common Mistakes First Time Home Buyers Should Avoid

By Anurag Goel, Director, Goel Ganga Developments Most people’s largest investment in…

Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%

Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.

MahaRERA warrants to be executed in 27 cases on Friday

MahaRERA had issued warrants of Rs 15.11 crore in 74 cases as…

From April 1 Mumbaikars To Pay 5% Stamp Duty

Starting from April 1, Mumbaikars to pay 5% stamp duty, women will…