MHADA offers 3683 Flats at 50% of Market Price

After DDA and Greater Noida Development Authority, it’s turn of Maharashtra Area and Housing Development Authority (MHADA) to offer flats at affordable costs. MHADA has announced Sale of its newly constructed 3683 Flats in Mumbai. This offer of sale has come as a New Year gift for Mumbaikars to try their luck and grab the MHADA flats at a bargain price.

Where are the Flats Located?

• These MHADA flats are divided into Three Categories – High Income Group (HIG), Medium Income Group (MIG) and Low Income Group (LIG).

• These Flats are Located at Pratiksha Nagar in Sayan (844), Sahakar Nagar at Chembur (594), Canara Engineering at Ghatkopar (378) , Shailendra Nagar at Dahisar (591), Bimbisar Nagar (54) and Siddharth Nagar at Goregaon (14), Chandivli (232), Tagore Nagar (84) and Kannamwar Nagar at Vikroli (167), Ashok Van (64) , Shastri Nagar (14) and Versova in Andheri(676).

• Maximum No. of Flats (844) are located at Pratiksha Nagar in Sayan

Application Form and Amount

The application forms for buying these houses will be available at selected 15 HDFC branches from January 12 to January 30.

Application Amount for MHADA Flats

The Application amount for each category of Flats is given below

Rs 10,000 for homes in the EWS category

Rs 15,000 for LIG

Rs 25,000 for MIG

Rs 50,000 for HIG.

Rs 1 lakh for HIG flats at Versova.

Last Date of Application

The Forms will be available from Jan12 to Jan30 and Applicants can submit their Application between Jan 13^th and Jan 31^st . Jan 31^st is the last date of submitting the Application form.

Flats constructed by the MHADA for the lower, middle and high income groups command a heavy demand as they are reasonably priced in an otherwise exorbitant Mumbai’s real estate market. In July 2008, MHADA had announced its decision to release 870 houses at Malvani in Malad, and the scheme received an overwhelming response with over 2 lac applicants trying their luck.

Application Forms will be available at following branches of HFDC Bank

Manekji Wadia Buiding, Motwani Marg, Fort, Mumbai ,400023

Dr. Shordkar Marg, Parel, Mumbai -400012

Matunga (East) Branch, Mumbai -400019

Kala Nagar, Bandra (East), Mumbai -400051

S.V. Marg, Santacruz (Wesy), Mumabi – 400054

Jamuna Apartments, Andheri (West), Mumbai-400057

Jogeshwari (East) Branch, Mumbai -400060

Jawahar Nagar, S.V. Marg, Goregaon (West), Mumbai-400104

S.V.P. Road, Borivili(West), Mumbai-400092

L.B.S. Marg, Kurla (West), Mumbai -400070

L.B.S. Marg, Vikhroli (West), Mumbai -400079

L.B.S. Marg, Milind (West), Mumbai -400080

Patli Pada, Thane (West), Mumbai-400607

V.N. Purav Marg, Sayan Trombay Marg, Chembur, Mumbai-400071

Palm Beach Road, Sector 13, Navi Mumbai-400705

Mhada Circular

Update on MHADA Flats Draw result date (4th April,2009)

I have received a number of emails requesting information on draw date. The MHADA website does not provide any details on the draw result date. However, Indian express newspaper dated 14th february carrries following news -

"The wait of those who have applied for a flat under the housing scheme of the Maharashtra Housing and Area Development Authority (MHADA) may last just three more months. The housing board has announced that it will carry out a draw of lots in the last week of May.
The whole process will take about two weeks. “When MHADA had a draw for 870 flats at Malad last year, it took us about seven to eight hours. Taking that into account, it will take at least 12 days to complete the draw for the 42 projects we have this time,” said MHADA’s Mumbai Board chief officer H K Javale. He said the election code of conduct will not hinder the process as the MHADA housing scheme is an ongoing project.
MHADA has also sent a proposal to the state government, stating that the 4.3 lakh aspiring home buyers should be paid interest from June in case the draw is not carried out on time for some reason. MHADA officials said the system to be used for the draw will be tested by experts from Tata Consultancy Services and Veermata Jijabai Technological Institute (VJTI) to avoid any technical snag that occurred during its last draw. Experts from VJTI and the Indian Institute of Technology (IIT) will also be present. "