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MHADA cuts home prices as demand soars for affordable housing

MHADA says it has decreased the price to make it more affordable; in 2023, it received over one lakh applications for 4000 affordable homes

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MHADA has slashed prices by over Rs 1 lakh. Representation pic

MHADA has slashed prices by over Rs 1 lakh. Representation pic

It has been observed that every time the Maharashtra Housing and Area Development Authority (MHADA) announces a lottery, the number of applications exceeds the number of available houses. In 2023, MHADA received over one lakh applications for 4000 affordable homes, while in August 2024, it received more than 30,000 applications for 2000 affordable homes. However, in December 2024, this streak stopped after the authorities received only 10,000 applications for over 14,000 houses announced in October 2024.

These houses are constructed in various parts of Mumbai and its neighbouring areas, such as Virar-Bolinj, Khoni-Kalyan, Shirdhon-Kalyan, Gotheghar-Thane, and Bhandarli-Thane. Of these, the ones that have been built in Khoni and Shirdhon, received the fewest applications. The reason behind vacant houses was due to lack of basic facilities; however, things remain the same even after several facilities have now been provided. The deadline to apply for these houses was also extended to December 24, 2024. However, as of June 21, 2025, only 4200 tenements have been sold, out of the 12,201 houses available at both locations.

MHADA explains

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