Those looking to purchase an affordable home in Mumbai may have to wait longer as Maharashtra Housing and Area Development Authority (MHADA) will only put up 238 homes on sale in 2019.
The Mumbai Board lottery for 2019 will be announced by end of May, MHADA President Uday Samant said on Wednesday. The advertisement for the same is expected to come out by end of this month.
Of the 238 homes in Mumbai, 170 are in Chembur, 46 are in Powai, 17 are in Andheri, four are in Worli and just one is in Tardeo. A total of 108 commercial blocks will also be part of this year’s lottery.
According to reports, this will be the lowest number of houses MHADA’s Mumbai Board has ever put up on sale. The housing authority had announced a lottery for 1,395 homes in 2018. Before that, 819 and 910 houses were listed in 2017 and 2016 respectively.
Since MHADA typically receives between 1.3-1.7 lakh applications for Mumbai, the probability of getting a home this year will be far lower.
Although potential homebuyers in Mumbai may be disappointed, those vying for affordable houses in the rest of the state have plenty to choose from as MHADA will announce lottery for around 7,000 homes in the rest of the state.
Of them, Pune Board will have 4,664 homes, Nashik will have 1,183 and Aurangabad will have 917 houses. Their advertisement is expected to come out before the Model Code of Conduct for the Lok Sabha election comes into effect.
A major lottery for the Konkan region, which entails 9,000 houses, will be announced after the election.Back to latest news