MUMBAI
A total of 217 homes have been put up in the lottery, for which the authority has received more than 66,078 applications
For every home that has been put on lottery by Maharashtra Housing and Area Development Authority's (MHADA) Mumbai board, the housing agency has received a minimum of 304 applications. A total of 217 homes have been put up in the lottery, for which the authority has received more than 66,078 applications. Housing experts say that proves that there are buyers in the market provided the rates are affordable.
Mumbai Board lottery will be held by MHADA on June 2. The date was postponed due to the model code of conduct and also because a majority of the MHADA officials were on election duty.
The lottery was announced by MHADA on March 3 and the registration process for the same started on March 7. The model code of conduct for Lok Sabha elections came into force in March. May 24 was the last date for filing the applications.
This time, MHADA has put on offer 217 homes, of which 47 homes are in the Middle Income Group (MIG) while the remaining are in the Lower Income Group (LIG). Except for the 46 homes located in Powai the rest are located in Chembur's Shell tower in Shahkar Nagar. The most expensive home in this lottery priced at Rs 56.73 lakh with a carpet area of 64.61 sqm is located in Powai. While the remaining homes are priced between Rs 31.54 lakh to 39.64 lakh.
Dr Sanjay Chaturvedi, housing expert says, that the response that MHADA has received for the homes shows that there are buyers in the market provided the rates are affordable. MHADA was also criticised for the limited number of homes it had got out in the lottery. However, experts say that MHADA shouldn't wait for the number of homes to swell. Whenever there's a stock, the authority should sell it since There are many who are forced to stay on rent and are desperately looking for a home.
"Why to keep homes for a long time, instead they should give it out to home buyers who want the homes in a city like Mumbai," said Chaturvedi.
'Committed to farmers' welfare', affirms Shivraj Singh Chouhan amid 'Delhi Chalo' protest
When will the world end? know the time and day predicted by famous scientist, NASA replies by...
Elon Musk grabs attention as he carries son X on his shoulders at the Capitol
India offers condolences after 56 lives lost in Guinea football tournament stampede
Nita Ambani once again proves her style icon status in black Prada dress, it costs Rs...
Pantone reveals the 'Colour Of The Year 2025'; Hint: It may remind you of coffee
Protesting farmers' 'Delhi Chalo' march halted at Shambhu border: 'The farmers do not have...'
Why do we sneeze? major causes, symptoms and cure
Radhika Merchant-Anant Ambani among ‘63 Most Stylish People Of 2024', NYT calls them ‘red carpet'
Nagaland Lottery Sambad 1 PM Result December 6 Friday lucky draw declared, check full list here
Ratan Tata’s millennial friend Shantanu Naidu's latest post on work update goes viral, it is...
Yo Yo Honey Singh Famous: Netflix documentary on rapper's life to release on this date
Sobhita Dhulipala's father 'was pissed' at her wedding with Naga Chaitanya, know why
Mahaparinirvan Diwas Today: Noida Police issues traffic advisory, check routes to avoid
Keerthy Suresh and boyfriend Antony Thattil fly to Goa together for their wedding, see photo
Why are Australia players wearing black armbands on Day 1 of Adelaide pink-ball Test against India?
IND vs AUS: Yashasvi Jaiswal registers unwanted record following duck in Adelaide pink-ball Test
Kerala Lottery Results December 6: Nirmal NR-409 Friday lucky draw result today, first prize Rs...
Farmers' March: Delhi Police on alert, security deployed at border points
Watch: Newlyweds Naga Chaitanya, Sobhita Dhulipala play ring game in UNSEEN viral video from wedding
Weather Update: Delhi wakes up to chilly morning as temperature drops to...
RBI MPC Meeting 2024: Repo rate unchanged at 6.5% for 11th time in a row
Pushpa 2: Allu Arjun, Sandhya theatre booked after stampede during screening kills 1
Delhi AQI: Air quality improves to ‘moderate’, SC relaxes GRAP-4 restrictions in Delhi-NCR
What are penalties for holding multiple PAN cards or not having PAN card? Know here
Shillong Teer Results TODAY December 6, 2024 Live Updates: Check lucky winning numbers, prize money
Ailing Vinod Kambli to get financial help from 1983 World Cup Heroes but with THIS condition...
Security heightened at Ambala-Delhi border as farmers to march towards Delhi today
Meet IPS officer who once headed CID, now suspended due to...
World’s shortest flight lasts just 90 seconds, it covers a distance of…
DNA TV Show: How did the premiere of Allu Arjun's Pushpa 2 turn deadly?
IND vs AUS: Australia announce playing XI for Adelaide pink-ball Test, star player dropped
Delhi schools to reopen tomorrow after curbs under GRAP 3, 4 lifted; check details
PAK vs ZIM, 3rd T20I: Brian Bennett stars as Zimbabwe stun Pakistan in low-scoring thriller
Delhi Pollution: Centre revokes restrictions under GRAP stage 3, 4; what's closed under GRAP 2
Bengaluru-Chennai Vande Bharat travel time to reduce by…; check top speed, other details
Meet man who has quit Falguni Nayar's Rs 47879 crore company as CEO after 9 years due to...
Jasprit Bumrah nominated for ICC Player of the Month award after stunning performance in Perth Test
Unable to stop hiccups? Here’s what to do
Noida Metro: Major update on Aqua Line extension, UP govt submits...
Former Miss India duped in ‘digital arrest’ scam, loses Rs 99,000
Days after Ratan Tata's death, his close aide Shantanu Naidu shares an update, says 'We will'
Uber ordered to pay Rs 54000 to Delhi man after failing to…
‘Not used to seeing my face like this’: Uorfi Javed gets chin fillers dissolved after 9 years
Meet man who left IIT to start his company at 19, became youngest in Hurun India Rich List, he is...
Which Diseases Can Cause Breathing Difficulty?
Legal Name Change Ads in Delhi: Process and Best Practices
Delhi pollution: SC allows relaxation of GRAP-4 restrictions in national capital as AQI improves