MHADA Opens 2,640 Mumbai Flats Priced ₹29 Lakh to ₹6.82 Crore, Lottery on May 15

The Maharashtra Housing and Area Development Authority has opened applications for 2,640 residential units across Mumbai. The scheme spans multiple income categories, with prices ranging from ₹29 lakh to ₹6.82 crore.

The application process began on Monday, with a strong initial response from applicants. The lottery draw for allotment is scheduled for May 15, 2026.

Locations and Project Distribution

The flats are distributed across 97 projects in key Mumbai locations such as Vikhroli, Goregaon, Borivali, Chembur, Bandra, Ghatkopar, Girgaon, Powai, Mazgaon, Dadar and Wadala. The mix of suburban and central areas offers applicants a wide range of location choices.

Within hours of launch, the scheme received 430 applications, with 165 applicants completing earnest money deposits. This early response indicates strong interest and active participation in the housing lottery.

Pricing Range and Premium Inventory

The pricing range spans both affordable and premium housing segments across the scheme. At the upper end, flats in Tardeo’s Crescent Towers are priced around ₹6.78 crore, while Prabhadevi units range between ₹6.13 crore and ₹6.15 crore.

Several premium homes above ₹2 crore are located in areas such as Juhu, Worli, Matunga, Parel, Lower Parel and Prabhadevi. At the lower end, smaller units of about 300 sq ft are available from ₹29 lakh, mainly in Mankhurd and Goregaon, reflecting a broad multi-income targeting approach.

Reservation Structure by Income Category

MHADA has allocated flats based on income classifications to ensure broader accessibility. The distribution spans the Economically Weaker Section, Lower Income Group, Middle Income Group and Higher Income Group categories.

This structured allocation supports inclusive housing access. The majority of units are concentrated in the middle-income segment.

Application Timeline and Process Details

Applications can be submitted online through MHADA’s housing portal or the IHLMS 2.0 mobile app. The last date for submission is April 29, 2026.

A provisional list of applicants will be released on May 5. Applicants will have until May 8 to raise claims or objections.

Read More: Keystone Realtors Signs MHADA Agreements for GTB Nagar Redevelopment in Sion.

Conclusion

The MHADA housing scheme offers 2,640 flats across multiple price segments and locations in Mumbai. The initiative targets a wide range of income groups through structured reservation.

Early application trends indicate steady demand for the scheme. The final allotment will be determined through a lottery draw scheduled on May 15, 2026.

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.