In a major announcement for homebuyers, the Mumbai Board of the Maharashtra Housing and Area Development Authority (MHADA) will soon hold a lottery for 5,000 affordable homes. The lottery is expected to take place around September or October this year, ahead of Diwali, according to MHADA Vice President and CEO Sanjeev Jaiswal.
MHADA, known for providing reasonably priced homes across income groups, remains one of the most sought-after agencies for aspiring homeowners in Mumbai. Given the city’s soaring real estate prices, MHADA lotteries often see lakhs of applications for a limited number of flats.
The upcoming lottery will offer homes across four income categories — Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG) — ensuring that a wide section of society has the opportunity to secure a home at affordable rates.
For many middle-class and lower-income families, MHADA lotteries represent a rare chance to buy a home in Mumbai, where private market rates often remain out of reach. This announcement is expected to generate significant interest among homebuyers eagerly awaiting their shot at affordable housing.
Further details about the locations, pricing, and application process are likely to be announced by MHADA in the coming months.
Also Read; MHADA Announces New Lottery Date for Mumbai
