Summary of this article
Prices reduced for 1,221 housing units
Over 30,000 applications for 2,640 homes
Deadline extended; draw on June 5
The Maharashtra Housing and Area Development Authority’s (MHADA’s) latest lottery in April 2026 has received significant interest from homebuyers with over 30,000 applications received for just 2,640 homes in Mumbai. This highlights how the city’s housing demand and supply have remained inversely proportional since long. This overwhelming response has made the authority reevaluate the prices set for 1,221 housing units in Mumbai. In the last update, the housing authority had updated the application submission dates as well.
What Are The New Prices
The housing body has decided to reduce prices for 1,221 apartments listed under the MHADA Lottery 2026, out of the 2,640 apartments. This is nearly 46 per cent of the inventory, which is up for sale.
Accordingly, prices for 480 units in Kanamwar Nagar have been reduced from Rs 1.45 crore - 1.47 crore to Rs 1.34 crore - 1.36 crore, and prices of another 741 units in another building in the same locality have been revised from Rs 1.45 crore – 1.48 crore to Rs 1.34 crore – 1.37 crore.
What Are The New Dates
The housing body has postponed the deadline to May 14, 2026, midnight, according to a report in the Hindustan Times. The deadline to pay the earnest money deposit (EMD) has also been extended to May 15, 2026, while the final draw is scheduled for June 5, 2026. At the core of the scheme is the intent to provide homeownership to those who don’t find the realty price bracket suiting their budget. This makes the scheme relevant for buyers across income segments, be it the economically weaker sections or high-income groups.
Property Listings In Mumbai
MHADA has listed a total of 2,640 residential units in multiple locations across Mumbai, such as Borivali, Andheri, Goregaon, and Tardeo. These homes cater to people from various income groups, such as the economically weaker section (EWS), low-income groups (LIG), high-income groups (HIG) and even premium buyers. The costliest apartment put up by MHADA is in the Tardeo area of South Mumbai, under the High-Income group.
The estimates shared for these segments are around Rs 6.82 crore, whereas the most affordable offering costs Rs 29 lakh for EWS and LIG. This diversification is to ensure that people from all financial backgrounds are catered to, and buyers also get a chance to pick homes according to their liking and budget. The inclusion of these multiple micro-markets also enhances the scheme's appeal.
This lottery provides a fresh opportunity for families who were unable to secure homes in the previous draw, where the demand had far exceeded the supply.
MHADA has advised homebuyers wanting to take part in the draw to track the updates shared by the authority to ensure a faster and safer approach to homebuying.
