MHADA Lottery 2016 to be Launched with 1,085 Flats in Mumbai

December 21, 2015 | Last Modified: January 12, 2016 at 12:43 pm

MHADA Lottery 2016: In the upcoming lottery for year 2016, the Maharashtra Housing and Area Development Authority is planning to offer to 1,085 affordable houses in Mumbai Region. The flats under MHADA Lottery 2016 are located in Pratiksha Nagar in Sion, Rawalpada in Dahisar, Unnat Nagar in Goregaon and Chembur.

Latest Update: Complete Details of MHADA Lottery 2016 by Konkan Board

According to the statement of the officials of MHADA’s Mumbai Board, MHADA Lottery 2016 will comprised of 1BHK and 2BHK apartments for lower income group and medium income group of the society. The 1BHK unit will cover an area of 400 square feet and the 2BHK units will be available in 600 square feet area. However the authority has not yet decided whether the flats for higher income group to be included in the MHADA Lottery 2016 or not. The source said that the announcement for the lottery of MHADA for year 2016 will be made in the mid of January after discussing with housing ministry.

In MHADA lottery 2015, the authority had not offered a single unit for Higher Income Group (HIG) Category. The flats under MHADA Lottery 2015 were priced at Rs. 18 lakh to Rs. 47 lakh which are located at Mankhurd, Sion, Mulund and Goregaon.

According to the source, it is expected that the flats under New Lottery of MHADA will be available in cheaper price as compared to the prices of flats offered in the last lottery. The reason behind the cheaper price is the factor of providing affordable houses.

The source said that instead of including buildings that have got Commencement Certificate (CC), only homes in buildings that are on the verge of getting an Occupation Certificate (OC) in the next six months will be included to avoid any delay in possession. Earlier, Mhada used to include buildings in which the construction work had started and only the CC had been granted.

In January 2016, the Konkon Board of MHADA will also announce the 4,000 affordable houses in Virar, Thane, and Mira road. The official of MHADA’s Konkan Board said that the flats under the scheme are available only for lower income group (LIG) and medium income group (MG) category. The size of LIG and MIG unit will be 484 square feet and 861 square feet respectively.

Source: www.asianage.com