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More than 2500 affordable homes will be offered in MHADA lottery

apartment in MumbaiMore than 2500 people will get their affordable homes in Mumbai. A total of 1.5 lakh people had applied for 867 houses in Mumbai and 1,726 houses in Mira Road. Flat winners will have to pay 3.09% as VAT and 1% as service tax in addition to the cost of the house.

The Maharashtra Housing and Area Development Authority (MHADA) conducted the lottery at its office in Bandra.

To avoid any scam-like situation, MHADA had cancelled over 6,000 applications over discrepancies in the details provided in the application.

MHADA lottery 2012 is mainly targeted at low-income group (LIG) and middle income group (MIG) category – only 172 for high income group (HIG).

MHADA is expected to upload the results over website: http://mhada.maharashtra.gov.in/

MHADA plans to release a total of 4,272 houses in Virar and Mumbai next year.

To read more stories:

Mumbai commercial real estate market is in demand

Mumbai property’s prices on a rise

Source: Daily Bhaskar

One Response to “More than 2500 affordable homes will be offered in MHADA lottery”

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