MHADA Plans Up to 10% Price Cut on Hundreds of Unsold Mumbai Flats

The Maharashtra Housing and Area Development Authority (MHADA) is considering reducing the prices of hundreds of unsold flats across Mumbai by up to 10 per cent to attract prospective homebuyers. The proposed revision comes after several housing units had failed to find buyers despite being offered through multiple sales attempts and lottery schemes. If this is approved, the revised prices will be applied when MHADA relaunches the housing units under the first come, first-served (FCFS) scheme after Diwali. Under this system, buyers can purchase the available homes directly without having to participate in a lottery.

Expensive Flats Remain Unsold

In the previous MHADA lotteries where constructed homes were offered, some flats remained unsold after repeated attempts and were subsequently transferred to the Mumbai Housing and Area Development Board (MHADB) for sale under the FCFS scheme. However, several properties didn’t gather interest; this includes premium apartments in Mumbai’s expensive locations. In MHADA’s August lottery, a total of 1,221 units remained unsold at Kannamwar Nagar. The authority also has unsold inventory across other parts of Mumbai.

According to a report by the Hindustan Times, the board has initiated the process of revising prices to make these properties more attractive. However, the proposed discount will not be uniform across all apartments, with reductions of up to 10 per cent.

Earlier Price Cuts Failed to Attract Buyers

MHADA has previously attempted to improve demand by lowering prices. In April 2026, it reduced the prices of flats at Kannamwar Nagar by 7.5 per cent. After the revision, the prices of 480 housing units fell from approximately Rs 1.46 crore to Rs 1.48 crore, to Rs 1.35 to Rs 1.37 crore. The authority has offered free parking spaces to encourage more purchases. However, even these measures have failed to generate the expected positive response.

One of the key concerns of the potential buyers has been the project's distance to the local dumping ground. The landfill has faced scrutiny over the methane emissions; this adds concerns about the location’s conditions and residential suitability.

Given that the 2026 lottery witnessed an overwhelming response, this upcoming scheme can provide a fresh opportunity to homebuyers who are seeking a chance to buy a property in Mumbai, where residential prices can make homeownership a difficult task for many people. However, buyers should not assume that the next scheme will be introduced at the same locations, prices or eligibility as the previous one.

For prospective buyers, this upcoming lottery presents a fresh opportunity to secure a home in Mumbai at much more affordable rates amid the high-cost housing market. MHADA has advised buyers to stay updated on the announcements made through official channels only.