Mumbai Property: This is a golden opportunity to buy a house cheaply in Mumbai. Maharashtra Housing and Area Development Authority (MHADA) plans to conduct a lottery for 2,500 to 3,000 houses in Mumbai in 2025. This year MHADA aims to provide houses at low cost to the economically weaker sections. A lottery for 2,500 to 3,000 low-cost houses will soon be held in Mumbai.
Houses will be available in prime locations of Mumbai
MHADA’s new homes will be available in prime areas of Mumbai such as Andheri, Juhu, Goregaon, Kandivali, Borivali, Vikhroli, Ghatkopar, Powai, Tardeo and Sion. These places are in high demand due to their location in the center of Mumbai.
Big competition towards lottery
Mumbai and Kokarna divisions of MHADA conduct lotteries usually twice every year. But the competition for these houses is very high. Lakhs of applications are received for lottery of 400-500 houses. In such a situation, there is a lot of curiosity among the people regarding the application dates of this year’s lottery.
Concern over rising prices
In recent years the prices of MHADA houses have become a big challenge for the general public. Many times the prices of lottery houses reach into crores, making these houses unaffordable for common people. People are anxiously waiting to see what prices will be more affordable in this year’s lottery.
Government’s steps and expectations
This step of MHADA is an important step towards providing affordable and accessible housing in Mumbai. However, given the rising prices and competition, people are hoping that this year’s lottery will have more affordable and perfect options to choose from.
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