MHADA Lottery 2024 is an important scheme organized by Maharashtra Housing and Area Development Authority (MHADA). Affordable houses are made available to the citizens of Maharashtra through this scheme. The lottery allows people from different income groups including low, middle and high income groups to apply. The 2024 lottery includes new housing projects in Mumbai, Pune, Nagpur and other cities. Applicants have the facility to apply online and the lottery result is also declared online. Applicants must fulfill certain criteria to participate in this scheme. Get all the information through the link given above

Mumbai residents facing challenges in securing affordable housing have a valuable opportunity with the latest MHADA lottery. This initiative offers apartments priced 40-50% below current market rates, making them an attractive option for many aspiring homeowners. Interested applicants can submit their forms until September 4, 2024. The lottery features over 2,035 flats located in prime areas such as Powai, Malad, and Wadala, aimed at providing affordable housing for residents of Maharashtra, particularly those from lower-income groups. Online registration began on August 9, 2024, and will remain open until 11:45 PM on September 4, 2024. Applicants can apply according to various income categories, with winners selected through a random draw, and the results announced on September 13, 2024, at around 11:00 AM. If an applicant does not secure a flat, their application fee will be refunded starting September 18, 2024. On the first day of the lottery, MHADA received 246 applications, with 132 applicants making deposits between ₹25,000 and ₹1 lakh. This lottery allows eligible Mumbai residents to secure affordable homes through the Maharashtra Housing and Area Development Authority, with MHADA conducting lotteries whenever its unsold inventory exceeds 1,000 flats. This year, the lottery includes over 2,030 units, with luxurious options for the High-Income Group (HIG) in areas like Tardeo, Goregaon, Borivali, Malad, Mulund, and Juhu, priced between ₹1 crore and ₹7.58 crore. The priciest unit, valued at ₹7.58 crore, is a premium flat in Tardeo that spans over 1,500 square feet, offering stunning views of the sea and Mahalaxmi Racecourse. This move-in-ready apartment is located on a high floor. Additionally, MHADA has constructed 649 units for the Middle-Income Group (MIG) and 87 units for the Economically Weaker Section (EWS), with EWS flats starting at ₹38 lakh. The MHADA lottery will offer a total of 2,030 homes, including 359 for the Economically Weaker Section (EWS), 627 for the Low-Income Group (LIG), 768 for the Middle-Income Group (MIG), and 276 for the High-Income Group (HIG). These flats are located in various areas of Mumbai, including the hilly regions of Goregaon, Antop Hill-Wadala, Kopri, Powai, Kannamwar Nagar-Vikhroli, and Shivdham Complex-Malad. As usual, the lottery has categorized homes based on income levels: EWS (up to ₹6 lakh), LIG (up to ₹9 lakh), MIG (up to ₹12 lakh), and HIG (income exceeding ₹12 lakh). According to MHADA officials, prices for homes in the EWS typically start around ₹30 lakh, while 3 BHK apartments in the HIG can exceed ₹1 crore, with the highest prices being for 3 BHK apartments in the high-income category. The final price list will be released after the advertisement for the lottery is published.