More than 70% of the 118 apartments offered by the Maharashtra Housing and Area Development Authority (MHADA) under the First-Come, First-Served (FCFS) housing scheme in Mumbai are priced below ₹2 crore. MHADA’s price breakup shows that 40 flats are listed below ₹1 crore, while over 70 units fall under the ₹2 crore category.
Another 28 apartments are priced between ₹2 crore and ₹8 crore as part of the ongoing offering. The announcement reflects the continuing demand for mid-market housing in Mumbai, which accounts for a major share of home registrations.
MHADA’s website lists a total of 118 available flats under the FCFS scheme, covering a wide range of price segments. A set of 40 apartments is priced under ₹1 crore, catering to homebuyers seeking affordable urban housing options.
More than 70 units fall below the ₹2 crore mark, underscoring the heavy concentration of mid-range inventory in this scheme. The remaining 28 apartments are positioned in the higher bracket between ₹2 crore and ₹8 crore, providing options for buyers seeking larger or more centrally located homes.
In the Mumbai residential market, nearly 70–80% of apartment registrations occur in the sub-₹2 crore category. The ₹2 crore–₹5 crore range accounts for around 10–20% of registrations, while 5–7% of sales take place in the above-₹5 crore luxury segment.
These trends align with the pricing of MHADA’s FCFS inventory, which is weighted heavily toward mid-income buyers. The distribution indicates that MHADA’s pricing strategy reflects broader market demand patterns seen across the city’s property registrations.
The costliest apartment offered by MHADA is located in Crescent Tower in the Tardeo neighbourhood of South Mumbai. The flat has a built-up area of approximately 1,838 sq ft (170.76 sq m) and a carpet area of around 1,532 sq ft (142.3 sq m), as listed on the MHADA portal.
The unit is priced at ₹8 crore (₹8,00,38,234) and requires an earnest money deposit (EMD) of ₹6 lakh at the application stage. MHADA has announced that 2 such premium tenements are available in this category, reflecting the presence of limited high-end inventory within the scheme.
Read More: MHADA Set to Launch Mumbai Housing Lottery in March 2026.
MHADA’s FCFS offering provides a substantial inventory of mid-market homes, with more than 70% priced below ₹2 crore. The distribution of flat prices mirrors broader trends in Mumbai’s residential market, where most transactions fall within the mid-income bracket.
The presence of select high-value units adds diversity to the scheme while maintaining affordability as a core focus. The upcoming application window, beginning March 4, 2026, opens access for eligible homebuyers seeking properties across multiple Mumbai neighbourhoods.
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 26, 2026, 1:17 PM 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.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
