Maharashtra Housing and Area Development Authority (MHADA)
MHADA or Maharashtra Housing and Area Development Authority was established in the year 1977. The schemes under MHADA give the residents of Maharashtra access to affordable residential property, especially those belonging to economically weaker sections (EWS) and Lower Income Group(LIG). Moreover, the scheme allows people to buy properties in the most sought-after localities of Mumbai and Pune at costs that are lower than the offered prices by private builders. MHADA provided the first-ever low-cost housing scheme in 2012 via, a lottery draw system.
The authority has set fixed prices for the units available under the MHADA lottery housing scheme
- Units for Lower Income Group(LIG) are priced between Rs.20 lakh and Rs. 30 Lakh.
- Units for Middle-income Group ( MIG) are priced between Rs.35 Lakh and Rs. 60 Lakh.
- Units for sale to Higher Income Group are priced between Rs. 60 Lakh and Rs. 5.8crore.
- Units Available for sale to Economically weaker Section (EWS) applicants are priced under Rs.20 Lakh.
MHADA Mumbai scheme offers over 1,300 low-cost houses via a lottery system. Applicants are separated based on their income. The cost of these houses varies according to the income group. The prices of the flats range between Rs 14.6 lakh to Rs 5.8 crore. In Pune, MHADA allots houses to eligible applicants through a lottery system. Then, successful applicants are asked to provide necessary documents, along with 10% of the base cost of the house. Areas covered under MHADA include Andheri, Chandivali, Goregaon, Chembur, Borivali, Ghatkopar, Kandivali, Dahisar, Jogeshwari, Kurla, Korekalyan Santacruz, Malad, Mankhurd, Powan, Sion, Wadala, and Mulund.
On January 22, 2021, MHADA has announced the lottery result of its housing schemes in the Pune and Pimpri-Chinchwad areas. MHADA received more than 50 thousand applicants for affordable homes and plots in Pune, Sangli, and Kolhapur for the above lottery.
Eligibility criteria for MHADA
- Must be over the age of 18 years.
- You must be salaried.
- You must have a PAN card.
-
You must have a domicile certificate that shows you to be a resident of Maharashtra.
Housing schemes help to reduce the cost of becoming a homeowner. As these units are newly developed, therefore may offer better amenities than other apartments.
Elevate Your Living: Blending Aesthetics in Your 4 BHK Homes
- 15 May 2024
Aesthetics, a term often discussed in philosophy, delves into the value of perceptual qualities and the experience they evoke. Put
Set New Standards for Quality Living at Urban Skyline Phase 2’s 3 BHK Flats
- 13 May 2024
Urban Space Creators, renowned developers in PCMC, Pune, proudly present Urban Skyline Phase 2 in Ravet. With towering structures reaching
The Rise of Women Homebuyers in India: A Shift Towards Financial Independence
- 08 May 2024
In India, women have long been the backbone of the family, but their societal value has not always been recognized.
Urban Skyline Phase 2: Luxury 2 BHK New Project in Ravet
- 06 May 2024
Urban Space Creators, renowned developers in PCMC, Pune, proudly present their landmark project, Urban Skyline Phase 2, in Ravet. Standing
Smart Home Technology: Integration and Benefits in 5 BHK Flats Near Mumbai Bangalore Highway
- 17 April 2024
Urban Skyline Phase 2, Ravet, an under-construction project in Pune, boasts 40 floors and is one of the city's tallest
Competitive Analysis: 4 BHK Flats Near Mumbai Bangalore Highway at Urban Skyline Phase 2
- 16 April 2024
When considering investing in a 4 BHK flat near the Mumbai Bangalore Highway in Pune, weighing the benefits and advantages
Subscribe to our newsletter
Error: Contact form not found.