There were mutliple questions from homebuyers applying for MHADA lottery and one amongst them was how does MHADA decide on wait list.

There are 4082 homes that MHADA has put up in the lottery, which means there will be 4082 winners, already more than 37,000 applications have been receivecd for these homes.

For every home there are many people waiting to get the home. But what happens if the one who won the house in the lottery doesn’t want to take the home?

In this case the lotter system activates the wait list. The wait list like winners is drawn via the lottery system on the same day of the results.

MHADA now follows a simple policy for drawing the wait list. Which is minimum 1 and maximum 10 per cent of the total homes available in the scheme.

So for example if there’s 1 home in a scheme, then there will be one winner and 1 wait list, if there are 100 homes then there will a list of 100 winners and 10 wait list.

Rajendra Gaikwad, Dy Chief Officer, Marketing, said, “We follow a process which is minimum 1 and maximum 10 per cent for drawing the wait list during the lottery process.”

So whenever the one who has won the home, withdraws from the lottery, the wait list gets activated and the first person on the wait list becomes eligible for the home.

This allows the housing authority to see to it that all the homes are alloted in the lottery to applicants.

Also Read: MHADA puts a smile on the faces of 4640 families

You May Also Like

Homebuyer will not lose more than 2% when he cancels a flat

A Homebuyer many a times cancel their allotment, and end up losing…

Sneak peak of BDD Worli homes post redevelopment

BDD chawls in Worli are up for redevelopment. MHADA is carrying out…

Bollywood Actress Amrita Singh Buys ₹18 Crore Apartment in Juhu

Bollywood actress Amrita Singh has purchased a luxury apartment in Juhu for Rs. 18 crore. The property, located in Peninsula building, spans 2,712.9 sq. ft. and includes three parking spaces.

Business Confidence Rises as Demand Grows and Interest Rates Decline: Colliers APAC Cap Rate Report Q4 2024

Colliers’ Q4 2024 APAC Cap Rates report highlights rising business confidence, strong commercial uptake in Mumbai and Bengaluru, and stable capital rates despite increased supply.