MHADA Nashik Board Announces Lottery for 402 Affordable Houses

The Nashik board of Maharashtra Housing and Area Development Authority (MHADA) will conduct a lottery to sell 402 houses under various housing projects in Nashik city. These houses are located in Chunchale, Pathardi, Makhamalabad, Adgaon, and Satpur Shivara.

Prices range from ₹14,94,023 to ₹36,75,023, making them accessible for low and middle-income groups. MHADA Vice President Sanjeev Jaiswal launched the online application and registration process at the Bandra headquarters on Monday.

Details of the Housing Lottery

The lottery will be held on an advance contribution basis, meaning the houses are not yet constructed. Winners will pay the sale price in five instalments.

This initiative is part of MHADA’s efforts to provide affordable housing, with the Nashik board planning to offer 846 houses through three lotteries in 2025. The current lottery marks the fourth such event this year.

Location-Wise Distribution of Houses

A total of 293 houses are reserved for the low-income group. These include 138 houses in Chunchale Shivara, 30 in Pathardi Shivara, 48 in Makhamalabad Shivara, and 77 in Adgaon Shivara.

For the middle-income group, 109 houses are available, including 40 in Satpur Shivara, 35 in Pathardi Shivara, and 34 in Adgaon Shivara. This distribution aims to cater to diverse income segments within Nashik city.

Price Range and Payment Terms

The houses under this lottery are priced between ₹14,94,023 and ₹36,75,023. Successful applicants will have the option to pay the total amount in five instalments.

The advance contribution model ensures that funds are collected before construction begins. This enables MHADA to manage project execution efficiently.

Document Requirements for Applicants

Applicants must provide proof of income for the period from April 1, 2024, to March 31, 2025. Acceptable documents include an income tax return or an income certificate issued by the Tehsil Office.

Read More: MHADA Announces Online Auction for 84 Commercial Properties.

Conclusion

MHADA’s Nashik board lottery for 402 houses reflects its commitment to affordable housing solutions. With flexible payment terms and a wide price range, the scheme targets both low and middle-income groups.

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