MHADA Earns ₹5.68 Crore Ahead of Upcoming Lottery for 2,030 Homes

The Maharashtra Housing and Area Development Authority (MHADA) has generated ₹5.68 crore ahead of its upcoming lottery for 2,030 homes in Mumbai. With over 113,000 applicants completing their payments, the lottery, scheduled for October 8, 2024, aims to provide affordable housing options in the city.

MHADA Lottery: Over 1.34 Lakh Applications Received

MHADA has declared a lottery for 2030 homes in Mumbai, closing applications with over 134,000 received by the September 19 deadline. The lottery, scheduled for October 8, presents applicants with odds of 0.015% for securing a home, highlighting the high demand for affordable housing in the city.

MHADA Announces New Lottery Date for Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) is set to hold a lottery for 2,030 homes in Mumbai, with significant updates including price reductions for 370 homes and extended application deadlines. The application process starts on August 9, 2024, and the lottery draw will take place on October 8, 2024.

Union Cabinet Sanctions Transfer of 256 Acres for Dharavi Redevelopment Project

The Union Cabinet has sanctioned the transfer of 256 acres of salt pan land to the Maharashtra government for the Dharavi Redevelopment Project. Located in Mulund, Bhandup, and Kanjurmarg, the land will be used for housing non-eligible Dharavi residents and constructing new residential units. The project aims to address Mumbai’s housing crisis, but faces challenges, including delays and community opposition.

Worli Home Price Slashed: From ₹2.62 Crore to ₹2.09 Crore

MHADA has reduced home prices in its Mumbai lottery, with significant cuts across various income groups. A Worli property that was priced at ₹2.62 crore is now available for ₹2.09 crore. Other reductions include a Chembur home now priced at ₹83 lakh, and a Tardeo property down to ₹6.82 crore from ₹7.57 crore. These changes aim to make housing more affordable across Mumbai.