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MHADA Launches Online Sale Of 118 Unsold Mumbai Flats on February 17

Written by: Akshay ShivalkarUpdated on: 18 Feb 2026, 4:17 pm IST
MHADA has opened online applications for 118 previously unsold Mumbai flats under an FCFS system, offering units across multiple income segments.
MHADA Launches Online Sale Of 118 Unsold Mumbai Flats on February 17
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The Maharashtra Housing and Area Development Authority has initiated an online sale of 118 housing units in Mumbai through a first-come, first-served (FCFS) mechanism. The application window began at 11:00 a.m. on February 17, 2026, marking a renewed effort to provide affordable homebuying opportunities in the city.

MHADA confirmed that these units were part of earlier lotteries that remained unsold due to assorted factors. The scheme spans several locations and income categories, widening its accessibility for interested buyers.

Reintroduction Of Unsold Flats Under FCFS Mechanism

MHADA has decided to relaunch these housing units after they remained unallocated in previous lottery rounds. The authority stated that the online sale format aims to streamline the process and attract buyers who may have previously missed out.

The FCFS model ensures that applicants securing their flat selection early can immediately proceed with the next steps. MHADA’s renewed offering reflects its ongoing efforts to optimise inventory usage and expand access to affordable housing.

Housing Units Across Multiple Locations and Income Segments

The scheme includes flats across Kandivali, Charkop, Shimpoli, Antop Hill, Wadala, Powai, Malad, Mankhurd, Ghatkopar, Vikhroli, Byculla, Tardeo, Lower Parel, Sion, Juhu, and Andheri. This distribution provides applicants with options across suburban and central parts of Mumbai.

The diverse geographical spread makes the offering suitable for a wide range of commuting and lifestyle needs. MHADA has positioned these locations to appeal to varying financial backgrounds and preferences.

Pricing Structure and Buyer Requirements

The pricing of the flats ranges from ₹38 lakh to more than ₹8 crore, covering low-income, middle-income, and high-income segments. This broad price band gives buyers the flexibility to choose units aligned with their financial capacity.

Applicants purchasing through loans must secure pre-sanction letters from their financial institutions. MHADA will issue a no-objection certificate in the concerned bank’s name once the pre-sanction process is completed.

Application Timeline and Payment Process

The formal process of submitting applications, depositing security amounts, and selecting flats will begin on March 4, 2026. Buyers finalising a flat must pay 10% of the unit’s sale price within 48 hours of selection.

The scheme was initially planned for an early February launch but was delayed due to technical issues, resulting in minor adjustments to the number of units available. MHADA had initially planned to list 120 flats, but the final count has been revised to 118.

Read More: MHADA Pune Lottery Declares Results For 4,186 Flats Amid Massive Response.

Conclusion

MHADA’s decision to reintroduce 118 previously unsold flats provides homebuyers with a renewed opportunity to secure housing in Mumbai. The scheme’s wide geographical distribution allows applicants to explore options across several neighbourhoods.

The FCFS mechanism also ensures that the process is transparent and time-bound. The upcoming application phase in March 2026 will further determine the overall response from buyers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 18, 2026, 10:42 AM IST

Akshay Shivalkar

Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.

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