The Maharashtra Housing and Area Development Authority (MHADA) is offering a glimmer of hope for homebuyers in Mumbai with the announcement of its 2024 housing lottery. This program aims to provide 2,000 affordable homes to various income groups within the city limits.
Targeting LIG, MIG, and EWS Segments
Sanjeev Jaiswal, Vice Chairman and CEO of MHADA, confirmed the lottery in a statement to Hindustan Times. The primary focus will be on offering homes to the lower income group (LIG), middle-income group (MIG), and economically weaker section (EWS). This aligns with MHADA’s commitment to providing affordable housing solutions for Mumbai’s residents.
A Mix of Options, Including Premium Apartments
While the majority of homes will cater to LIG, MIG, and EWS applicants, MHADA will also offer a limited number of options for the higher income group (HIG). This includes some premium 3 BHK apartments in Goregaon, providing a wider range of choices for potential buyers.
Lottery Launch and Application Process
Jaiswal indicated that MHADA is targeting a September launch for the Mumbai lottery. The official announcement with all details is expected within the next few days.
For those interested in applying, the process is entirely online. You can stay updated on the lottery’s progress and access application forms through the MHADA website: https://housing.mhada.gov.in/.
MHADA also offers a mobile application for registration. Once you’ve registered, you’ll be able to apply for the lottery online when it opens in the coming days.
Apartment Pricing and Locations
Specific details regarding the location and pricing of the apartments haven’t been released yet. However, MHADA officials provided some general information.
- EWS Category: Prices are expected to start around ₹30 lakh.
- HIG Category: The most expensive apartments will likely be the 3 BHK options in this category. While an official price hasn’t been confirmed, sources suggest it could exceed ₹1 crore.
Income Eligibility
Understanding your income bracket is crucial for applying in the appropriate category. Here’s a breakdown:
- EWS: Family income up to ₹6 lakh per annum
- LIG: Family income between ₹6 lakh and ₹9 lakh per annum
- MIG: Family income between ₹9 lakh and ₹12 lakh per annum
- HIG: Family income above ₹12 lakh per annum
Income Calculation
For MHADA lottery purposes, family income refers to the combined annual income of a husband and wife. The income of parents or siblings does not count towards the family income calculation.
A Look Back at MHADA Lottery 2023
In Mumbai, MHADA offered 4,082 reasonably priced apartments in the 2023 lottery. More than one lakh applications were submitted for the available homes, indicating a substantial response to the programme.
A further chance for individuals and families looking for reasonably priced housing alternatives in Mumbai is provided by the 2024 lottery. Keep yourself updated with the initiative’s income eligibility rules and application process to improve your chances of getting approved for a home.
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