MHADA Home that was priced at ₹1.03 Crore a Few Days ago is now down to ₹83 lacs.

Worli Home Price Slashed: From ₹2.62 Crore to ₹2.09 Crore in MHADA Lottery Reduction
Price Reductions Announced
Mumbai, September 2, 2024: The Mumbai Board of the Maharashtra Housing and Area Development Authority (MHADA) has announced a reduction in prices for several homes in its recent lottery. The board has adjusted the prices for 370 out of 2,030 homes, following the guidelines under DCPR 33 (5), (7), and 58.
Details of the Price Reductions
The price cuts are categorized by income group:
Economically Weaker Sections (EWS): 25% reduction
Lower Income Group (LIG): 20% reduction
Middle Income Group (MIG): 15% reduction
Higher Income Group (HIG): 10% reduction
Impact on Home Prices
As a result of these reductions, several homes previously priced in crores are now listed at significantly lower prices. For instance:
A Worli home that was initially priced between ₹2.60 crore and ₹2.62 crore is now available for ₹2.08 crore to ₹2.09 crore.
In Chembur, a house originally listed at ₹1.03 crore is now priced at ₹83 lakh.
The most expensive home in Tardeo, once priced at ₹7.57 crore, is now available for ₹6.82 crore.
A Lower Parel property that was priced at ₹2.10 crore is now listed at ₹1.68 crore.
An Andheri home previously priced at ₹1.48 crore is now being sold for ₹1.18 crore.
Significance of the Reduction
These adjustments are part of MHADA's efforts to make housing more affordable across various income groups, reflecting a commitment to increasing accessibility and affordability in Mumbai's real estate market.

[@ManOfSteel1]

no buyers?

[@RS-oe5cz]

Sir rates reflect kab tak hongay update on website!!

[@RS-oe5cz]

Sab flats mai nai hai kya price cut!! Pahadi goregaon flats mig mai kya koi price reductions hai !

[@HariSJunction]

Ye jo aap bata rahe ho o sab flats private builders ke hain, not mhada buildings ke flats

[@AryanGupta-v3p]

Sir hamne 2023 ki mumbai lottery me ghar allot hua tha hamne vo leliya but usi flat ke price 2024 me gir gaye hai kya ab hame vo paise return milenge.ham mhada gaye the but waha se response nhi mil raha kuch.

[@RAJATSAHANI123]

New draw date for Mumbai mhada lottery please

[@p.j.3524]

Hi Sir I belong to SC category, but can I apply in General category, please reply

[@NomadicAjayG]

Yes you can apply in both catagiries

[@ElectroGamingrutik]

​​@@NomadicAjayGbut how ? And what benefits do SC ST gets in mada lottery against General public???

[@ARCHANASINGH-vj1zy]

Goregaon mig current price please