The state government's apex housing body, Maharashtra Housing &
Area Development Authority (MHADA), Saturday announced a new
lottery to sell 1,259 houses.
Of these, 664 will be reserved for various categories, leaving
only around 615, or nearly 49 percent, open to the general public
to try their luck.
For the first time, a majority of the flats will be sold at rates
in excess of Rs.40 lakh in the high and middle income group
categories at some prime locations in the eastern and western
The cheapest and smallest flat under the economically weaker
section will be available at the Turbhe, Mandale and Mankhurd
suburbs in eastern Mumbai. The 180 square foot flat will priced at
around Rs.650,000 - a little over Rs.3,600 per square foot.
A 476 square feet flat at Tungwa, in the upmarket Powai area, will
be available for Rs.75 lakh, at Rs.15,770 per square feet.
A maximum of 492 flats are available for sale at this rate, making
it the most expensive component of the scheme.
Sixty-two of the largest flats - each ameasuring 741 square feet -
will be available at Gorai, Borivli West, for Rs.66 lakh each.
In contrast to the rates, the MHADA has stipulated that the
eligible applicants under the EWS must have a maximum monthly
income of up to Rs.8,000, LIG up to Rs.20,000, MIG up to Rs.40,000
and HIG Rs.40,000-plus.
The scheme has been opened for flats in Dahisar, Borivli, Kandivli,
Malad (western suburbs) and Powai, Sion, Mankhurd, Mandale, Turbhe
and Kurla (all eastern suburbs).
However, MHADA said that barely around 325 flats, mostly under the
EWS and LIG categories, have been constructed while the remaining
are still under construction.
MHADA will start accepting, both online and hard copies of
applications from May 1 to May 21 and the lucky draws are expected
to be held May 31.