Once again Maharashtra Housing and Area Development Authority (Mhada) is going to announce MHADA Lottery 2018 for the allotment of 1,000 houses in Mumbai. This is the golden opportunity those people who were looking for an affordable house in Mumbai. , MHADA is likely to announce the date of Mumbai MHADA Lottery 2018 in July.
The registration process of Mumbai MHADA Lottery 2018 will start from the first week of the July 2018 while the lottery draw will be conducted by the end of August 2018. This time, these houses will be offered for sale at affordable prices less than the market rates. Mhada is expecting a good response from this lottery.
According to the information, these affordable houses are located at different places in Mumbai like Mahavirnagar in Borivli, Pant Nagar at Ghatkopar, Gawanpada at Mulund, Kannamwar Nagar in Vikhroli, Mankhurd and Goregaon.
However, about 14.13 lakh applicants come forward to purchase 23,742 houses that were put up for sale in last ten lottery. In order to attract the home buyers in Mumbai. The state government should provide the subsidy and reduce taxes for these houses.
Around 2.69 lakh houses are vacant for sale in Mumbai Metropolitan Region (MMR) while 1.08 houses are vacant in alone Mumbai. MHADA is also going to announce MHADA Pune Lottery 2018. The registration process will end on 18 June 2018.