2 min read
25 May 2021

The Maharashtra Housing and Area Development Authority, also known as MHADA, provides schemes giving residents of Maharashtra access to affordable residential property. Mumbai’s MHADA scheme offers over 1,300 low-cost houses via a lottery system. The winning applicants are segregated based on their income.

The cost of these houses or flats ranges from Rs. 14.6 lakh to Rs. 5.8 crore and varies depending on the income group. As per the authorities, in 2019, 63 flats were to be allotted to the economically weaker section (EWS), 126 to low-income group (LIG), 201 to middle-income group (MIG) and 194 units to high-income group (HIG) applicants.

Now that you know the basics about MHADA full form and the affordable housing schemes it offers, here’s more information you should be aware of before applying for the  MHADA lottery scheme.

The MHADA lottery is a housing scheme offered by the Maharashtra Housing and Area Development Authority (MHADA) to provide affordable homes to residents of Maharashtra. Under this scheme, MHADA offers flats and houses at subsidized rates through a lottery system. The homes are divided into different categories based on the applicants' income groups: Economically Weaker Section (EWS), Low-Income Group (LIG), Middle-Income Group (MIG), and High-Income Group (HIG). Applicants register for the lottery, and winners are selected randomly. This initiative aims to help individuals, especially in cities like Mumbai, own property at a more affordable price.

What is MHADA lottery scheme eligibility criteria?

Listed below are the criteria’s you must meet to be eligible for the Maharashtra lottery scheme.

  • You must be over the age of 18 years
  • You must have a domicile certificate that proves you’re a resident of Maharashtra
  • You must have a PAN card
  • You must be a salaried professional

Note that you can’t apply on behalf of your children or if you’re already a beneficiary of another MHADA lottery scheme.

Moreover, you can apply for a home loan based on your monthly income. Take a look at the eligibility criteria with regards to this.

  • If your monthly income is between Rs. 25,001 and Rs. 50,000, you can apply for LIG flats
  • If your monthly income is between Rs. 50,001 and Rs. 75,000, you can apply for MIG flats
  • If your monthly income is over Rs. 75,000, you can apply for HIG flats

What are the documents required for MHADA lottery?

Here are the documents you will need to provide when applying for the MHADA housing scheme to prove your eligibility.

  • Aadhaar card
  • PAN card
  • Domicile certificate
  • Passport
  • Voter’s ID
  • Birth certificate
  • Driver’s license
  • School leaving certificate

Pricing of MHADA houses lottery scheme in Mumbai

The authority in charge of the scheme has set fixed prices for the units available under the MHADA lottery housing scheme. They are as follows.

  • Units available to EWS applicants are priced under Rs. 20 lakh
  • Units for LIG applicants retail between Rs. 20 lakh and Rs. 30 lakh
  • Units earmarked for MIG applicants cost between Rs. 35 lakh and Rs. 60 lakh
  • Units for sale to HIG applicants will set you back by Rs. 60 lakh and Rs. 5.8 crore

What is the application process for MHADA lottery scheme?

Now that you are familiar with the nitty-gritty of the scheme, let’s walk you through the easy application process.

  • Log on to MHADA’s official website and register by creating an account
  • Then click here to apply for the MHADA Pune scheme or the MHADA Mumbai scheme.
  • Fill out the MHADA online form for the city of your choice with basic information
  • As per your income group, select the lottery and scheme you wish to participate in
  • Print your application acknowledgement for future reference
  • Use any of the available online payment methods to make your payment and complete the process

Housing schemes are a great way to reduce the cost of becoming a homeowner. Moreover, these units are newly developed and hence may offer better amenities compared to other apartments. However, a 2018 report highlighted that of the 9,000 houses listed under the MHADA lottery scheme, over 10% were lying vacant. This is because most of these units are earmarked for the Pradhan Mantri Awas Yojana (PMAY), and there aren’t enough applicants available. Thus, it’s a good idea to consider applying through PMAY so that you can enjoy a hefty interest subsidy to the tune of Rs. 2.67 lakh. Bajaj Housing Finance Limited Home Loan is one option that facilitates application via PMAY.

Through Bajaj Finserv, you can get a home loan of up to Rs. 15 crore* as a sanction to buy, build or renovate your home. Additionally, you benefit from a nominal interest rate and a flexible tenor of up to 32 years. You can also expedite the application process by applying online. But first, check your pre-approved offer as you can apply using a personalised offering that suits your financial profile.

DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

What is MHADA scheme?

The MHADA scheme, by the Maharashtra Housing and Area Development Authority, aims to provide affordable housing to residents of Maharashtra. It allocates residential properties through various projects, focusing on economically weaker sections, low-income groups, and middle-income groups to promote housing inclusivity across the state.

What is the MHADA lottery scheme?

The MHADA lottery scheme is a government initiative that allocates affordable flats through a lottery system. Applicants from different income groups can apply, and the lottery randomly selects winners, ensuring a fair and transparent process for distributing the housing units.

Is MHADA lottery scheme a government or private initiative?

The MHADA lottery scheme is a government initiative, conducted by the Maharashtra Housing and Area Development Authority. Its objective is to provide affordable housing to citizens of Maharashtra, particularly focusing on economically disadvantaged sections, ensuring access to housing at subsidized rates.

Who can get MHADA flats?

MHADA flats are available to residents of Maharashtra who fall within specific income categories: Economically Weaker Section (EWS), Low-Income Group (LIG), Middle-Income Group (MIG), and High-Income Group (HIG). Eligibility criteria include income limits, residency proof, and adherence to scheme guidelines.

How does the MHADA lottery system work?

The MHADA lottery system works by inviting applications from eligible individuals. After the application process closes, a random computerised lottery is conducted. The winners are then allotted flats based on their income category and preferences, ensuring transparency and fairness in the distribution process.

Show More Show Less