The authority has also received approval for a ₹17,430.73 crore budget, marking a significant increase from the revised ₹12,399.22 crore budget for FY26.

Strong Push for Affordable Housing Across Maharashtra

The new housing supply will be developed through MHADA’s regional boards in:

• Mumbai
• Pune
• Konkan Region
• Nashik
• Amravati
• Chhatrapati Sambhajinagar
• Nagpur

Out of the total budget, ₹10,585.12 crore has been allocated specifically for construction costs, highlighting the government’s focus on increasing housing supply across income segments.

Region-Wise Housing Targets

MHADA’s housing plan is spread across multiple regions, catering to various income groups:

• Mumbai Board: 2,538 housing units with a construction allocation of ₹6,747.42 crore
• Konkan Board: 5,112 units with ₹1,497.64 crore allocation
• Pune Board: 665 units with ₹664 crore allocation
• Nagpur Board: 2,008 units with ₹1,206.19 crore allocation
• Chhatrapati Sambhajinagar Board: 1,483 units with ₹258.32 crore allocation
• Nashik Board: 237 units with ₹151.57 crore allocation
• Amravati Board: 969 units with ₹59.98 crore allocation

Among all regions, the Konkan and Mumbai regions together account for a significant share of the total planned housing supply.

Additional Budget for Urban Infrastructure and Repairs

Apart from new housing construction, MHADA has also earmarked funds for urban improvement and maintenance:

• ₹2,711.95 crore allocated for works under the Mumbai Slum Improvement Board through government and MLA funds
• ₹661.73 crore allocated for repair and reconstruction of cessed buildings, transit accommodations, and maintenance of redeveloped structures under the Mumbai Building Repairs and Reconstruction Board

What This Means for Homebuyers

The increased housing supply is expected to:

• Improve availability of affordable homes across Maharashtra
• Support first-time homebuyers and middle-income families
• Reduce pressure on housing prices in key urban regions
• Strengthen government-led housing initiatives

With over 13,000 homes planned, MHADA’s strategy signals a continued focus on affordability and inclusive urban development, especially in high-demand regions like Mumbai and the Mumbai Metropolitan Region.

Conclusion

The approval of MHADA’s ₹17,430 crore budget and its target to build over 13,000 homes in FY27 underline the state’s commitment to addressing housing demand. With a strong allocation towards construction and infrastructure, the initiative is expected to play a key role in expanding access to affordable housing across Maharashtra.

Also Read: Lottery for 2,000 MHADA Homes in Mumbai Soon

The post MHADA Targets 13,012 Homes in FY27, ₹17,430 Cr Budget Approved for Affordable Housing Push appeared first on Square Feat India.

But in this challenging landscape, the housing lotteries conducted by the Maharashtra Housing and Area Development Authority have long served as a ray of hope for aspiring homeowners. And now, another opportunity could soon be on the horizon.

MHADA is preparing to launch a new Mumbai housing lottery offering around 2,500 homes, according to officials. Preparatory work for the lottery has already begun, although the exact locations of the flats are yet to be officially announced.

However, sources indicate that a portion of the homes could be located in Mumbai’s western and central suburbs, with Kanamwar Nagar in Vikhroli emerging as one of the potential locations where units may be offered.

Officials expect the lottery draw to be conducted in April, while the application and registration process could begin soon. Once registrations open, interested homebuyers will need to submit their applications and deposit the Earnest Money Deposit (EMD) as part of the participation process.

The upcoming lottery follows closely on the heels of another recent housing initiative by MHADA’s MHADA Mumbai Board, which offered 118 homes through a First Come First Serve (FCFS) scheme.

For those planning to participate in the lottery, certain documents will be mandatory. A Maharashtra domicile certificate is essential for eligibility, while applicants are also advised to keep documents such as income certificates and identification proofs ready before the registration process begins.

Like previous MHADA lotteries, the upcoming draw will likely be structured across four income categories to ensure wider access to affordable housing. These include:

• Economically Weaker Section (EWS)
• Lower Income Group (LIG)
• Middle Income Group (MIG)
• Higher Income Group (HIG)

Confirming the development, Milind Borikar, Chief Officer of MHADA’s Mumbai Board, said that preparations are underway for a lottery of approximately 2,500 homes. He also indicated that the official advertisement for the lottery could be released as early as the last week of March.

Once the advertisement is released, it will reveal crucial details such as flat locations, pricing, eligibility criteria, and the application schedule, giving thousands of homebuyers a fresh chance to secure an affordable home in Mumbai.

For many aspiring homeowners struggling with rising property prices, MHADA’s upcoming lottery could once again provide a rare opportunity to turn the dream of owning a home in Mumbai into reality.

Also Read: Domicile Certificate Mandatory for MHADA’s 120 FCFS Flats

The post Coming Soon: MHADA’s Mumbai Lottery for 2,500 Homes appeared first on Square Feat India.