By Varun Singh

MHADA’s Konkan Board announced a lottery for 8,984 homes were in August 2021.

Since then till now more than 2.39 lakh homebuyers have already applied for the Konkan Board’s MHADA lottery.

MHADA lottery for which the last date of registration was last Wednesday and for application was last Thursday.

However, MHADA announced an extension, as per the new schedule, the interested eligible applicants can register online application for this computerized draw till 11.59 pm on September 29, 2021.

Registered applicants Online applications can be submitted till 11.59 pm on September 30, 2021.

Payment of deposit (EMD) through RTGS / NEFT online as well as in the bank. Can be done till 11.59 pm on October 01, 2021.

Since the start of registration, a total of 2,40,856 users registered with MHADA, of which 1,70,963 registered with MHADA.

Of the total registration MHADA has received application from 2,39,126 from homebuyers wanting to buy a home.

Till late Tuesday evening a total of 1,97,138 applicants had paid their Earnest Money Deposit.

The program of computer lottery shall be held on the earlier decided date of October 14, 2021 at 10 am, at Dr. Kashinath Ghanekar Natyagriha, near Hiranandani Meadows, Manpada, Thane (West).

The response is a mirror to the private developers who keep complaining that homebuyers are staying away from the market.

Flats in MHADA lottery are available as affordable rates and the response goes on to show that homebuyers are willing to buy homes if they aren’t available at affordable rates.

Sunil Gupta, is one amongst these lakhs of homebuyers who is wanting to buy a MHADA house.

When asked why was he so eager to get a MHADA house he said, “The prices are affordable and getting a home loan will be easier with the government tag associated with MHADA homes.”

MHADA is a government run authority and has delivered a lot of homes in the past too. Even private developers say that the trust homebuyers have for government name is huge and private enterprises lack that kind of trust.

Anand Gupta, Chairperson , Housing and RERA committee of Builders Association of India said, “People have more trust and feel of security for their money in Government than private enterprises because of their pre Rera bad experiences. Moreover, cost of flat is cheaper than pvt builders because of old acquired land by government is also contributing people to apply in such large numbers, to take cost advantage.”

Also Read: Did You Apply For MHADA Lottery, Registration Ends Sep 29, More than 2.31 Lac Have Already Applied

The post Why Lacs of Homebuyers are Rushing to Buy a Few Thousand MHADA Homes? appeared first on Square Feat India.

By Varun Singh

MHADA lottery for 8,984 homes were announced in August 2021.

Since then till now more than 2.31 lakh applicants have already applied for the Konkan Board’s MHADA lottery.

Have you applied? Registration ends on September 29, 2021.

The Konkan Board (MHADA’s divisional component) has announced a public computerized lottery for 8,984 flats.

MHADA lottery for which the last date of registration was last Wednesday and for application was last Thursday.

However, MHADA announced an extension, as per the new schedule, the interested eligible applicants can register online application for this computerized draw till 11.59 pm on September 29, 2021.

Registered applicants Online applications can be submitted till 11.59 pm on September 30, 2021.

Payment of deposit (EMD) through RTGS / NEFT online as well as in the bank. Can be done till 11.59 pm on October 01, 2021.

Since the start of registration, a total of 2,35,199 users registered with MHADA, of which 1,66,302 registered with MHADA.

Of the total registration MHADA has received application from 2,31,621 from homebuyers wanting to buy a home.

Till late Monday evening a total of 1,89,525 applicants had paid their Earnest Money Deposit.

The program of computer lottery shall be held on the earlier decided date of October 14, 2021 at 10 am, at Dr. Kashinath Ghanekar Natyagriha, near Hiranandani Meadows, Manpada, Thane (West).

The response is a mirror to the private developers who keep complaining that homebuyers are staying away from the market.

Flats in MHADA lottery are available as affordable rates and the response goes on to show that homebuyers are willing to buy homes if they aren’t available at affordable rates.

Also Read: Did You Miss Applying For MHADA Lottery? Don’t Worry

The post Did You Apply For MHADA Lottery, Registration Ends Sep 29, More than 2.31 Lac Have Already Applied appeared first on Square Feat India.

By Varun Singh

Maharashtra Housing and Area Development Authority (MHADA) has received more than 2.05 lakh applications from common homebuyers.

MHADA lottery for which the last date of registration was Wednesday and for application was Thursday. The Konkan Board (MHADA’s divisional component) has announced a public computerized lottery for 8,984 flats.

Registration for the lottery commenced on August 24, and earlier it was to be till 11.59 pm on September 22, 2021, while the last date for submission of application was till 11.59 on September 23, 2021.

However, MHADA announced an extension, as per the new schedule, the interested eligible applicants can register online application for this computerized draw till 11.59 pm on September 29, 2021.

Registered applicants Online applications can be submitted till 11.59 pm on September 30, 2021. Payment of deposit (EMD) through RTGS / NEFT online as well as in the bank. Can be done till 11.59 pm on October 01, 2021.

Publication of the draft list of applications accepted for the draw will be held on October 04, 2021 at 6 pm on MHADA’s official websites https://lottery.mhada.gov.in and https://mhada.gov.in.

Claims-objections since the publication of the draft list can be filed till 3 pm on October 05, 2021.

Publication of the final list of applications accepted for the draw. will be held on October 6, 2021 at 6 pm.

The program of computer lottery shall be held on the earlier decided date of October 14, 2021 at 10 am, at Dr. Kashinath Ghanekar Natyagriha, near Hiranandani Meadows, Manpada, Thane (West).

Since the start of registration, a total of 2,15,123 users registered with MHADA, of which 1,51,226 registered with MHADA.

Of the total registration MHADA has received application from 2,05,116 from homebuyers wanting to buy a home.

Till late Thursday evening a total of 1,63,378 applicants had paid their Earnest Money Deposit.

This huge response goes on to show that homebuyers are willing to buy homes, but at the rate at which they find them affordable.

Developers can take a cue from this move and probably construct homes that the common man can afford.

Also Read: Did You Miss Applying For MHADA Lottery? Don’t Worry

The post 2.05 Lac Applications for 8,984 MHADA Homes appeared first on Square Feat India.

By Varun Singh

MHADA’s Konkan Board has put a total of 8,984 affordable homes up for sale. For this till Thursday night, the authority received a total of 26,560 applications.

These homes are located in Thane, Kalyan, Mira Road, Virar, Navi Mumbai and Sindhudurg area of Maharashtra.

The online registration began from 12 noon on August 24, 2021. From 3 pm the same day the applicants were able to apply for their affordable home of choice.

According to data available with SquareFeatIndia, MHADA received, 37,565 is the total number of registrations. of which 32,980 have been approved till Thursday night.

Of the total registration received by MHADA the applications received stands at 26,560 and till Thursday night 14,238 are participating in the lottery.

The application shall be accepted by MHADA till 11.59 pm of September 23, 2021.

The Earnest Money Deposit (EMD) will be accepted by MHADA till 11.59 pm of September 24, 2021.

Under the lottery there will be 6,180 homes under the Narendra Modi’s ambitious Pradhan Mantri Awas Yojna.

Under PMAY there will be 624 homes under the EWS category in Shirdone (Kalyan), in Khoni athere are 586 homes, in another scheme in Khoni there are 2016 homes, in Bhandarli there are a total of 1761 homes, in Goteghar a total of 1185 homes are included in the lottery.

In Mira Road under the EWS category there are 15 homes. Under LIG in Virar-Bolinj 1,742 homes, in Bhandarli there are 88 homes that are included in the affordable homes lottery.

In MIG category in Virar there are 36 homes in the lottery. There are two homes in Vengurla, another 196 homes in Mira Road are being made available in the lottery.

The homes are also located in Titwala, Ghansoli Kasarwadawli and other prominent areas of the Thane district.

Applicants can apply under the four categories of EWS, LIG, MIG and HIG depending on the salary they draw.

An applicant under EWS will have to pay Rs 5,000, LIG applicant will pay Rs 10,000, MIG applicant shall pay Rs 15,000 and HIG applicant will pay Rs 20,000 as EMD along with the application for the affordable homes.

The lottery shall be conducted in Thane’s Dr Kashinath Ghanekar auditorium on the day of Dusshera that is October 14, 2021.

Also Read: Home-buying preferences changed post COVID

The post Till now MHADA has received 26,560 Applications for 8,984 Homes appeared first on Square Feat India.