According to MHADA data, the housing authority had received 82,929 applications for the 2,640 flats as of May 23, 2026. Additionally, it received 57,718 earnest money deposits (EMDs) from individuals interested in purchasing the flats.

The last date to apply for the MHADA lottery 2026 is May 28.

According to the updated schedule released by the Mumbai Board, interested applicants can submit online applications until 11:59 p.m. on May 28, 2026, and pay the earnest money deposit online until 11:59 p.m. on May 29, 2026. Applicants may also pay the earnest money deposit via RTGS/NEFT till the working hours of the relevant bank on May 29, 2026.

The provisional list of lottery applications submitted will thereafter be published on the website https://housing.mhada.gov.in at 3:00 p.m. on June 10, 2026. Online claims and objections can be submitted until 3:00 p.m. on June 12, 2026.

The final list of accepted applications will be posted on the MHADA website at 3:00 p.m. on June 16, 2026. The date, location, and time of the computerized draw for the sale of tenements will be announced on the website shortly.

Aside from extending the application deadline twice, MHADA cut the prices of nearly half of the flats. MHADA has reduced the sale cost of 1,221 tenements in Mumbai’s Vikhroli region by 7.5%, including 610 homes that had their category reservation changed from MIG to HIG two weeks ago.

All about the MHADA lottery 2026.

The MHADA lottery 2026 has listed 2,640 affordable homes for sale in Mumbai. According to data from the MHADA website, 1,762 flats, or approximately 66%, are now under construction.

MHADA apartments for sale are now under construction in Vikhroli, Goregaon, and Borivali. According to the list, of the 1,762 flats under construction, 128 are in Borivali East, 85 in Goregaon West, and the rest in Kanamwar Nagar and Vikhroli.

Several apartments in the lottery cost between ₹2 crore and ₹4 crore. The list shows that the most inexpensive flats are above 300 sq ft in Mankhurd and Goregaon, priced at around ₹29 lakh and ₹32 lakh, respectively.

The MHADA Lottery 2026 features apartments in numerous Mumbai neighborhoods, including Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, and Dadar, among others.

MHADA offers the most expensive condominium in the Tardeo district of South Mumbai, valued at ₹6.82 crore for the High Income Group (HIG). The most inexpensive property for sale by MHADA is in Mankhurd, priced at about ₹29 lakh for the Economically Weaker Section.

If owning a sea-view or sea-facing apartment has long been a dream but appears out of reach, there is cause to be hopeful. Several growing micro-markets continue to provide more affordable options than the city’s ultra-premium areas.

In Mumbai, popular sites such as Worli, Malabar Hill, Carter Road, Bandra Bandstand, Juhu, Marine Drive, and Walkeshwar command exorbitant rates, with sea-facing residences ranging from ₹70,000 to ₹2.5 lakh per sq ft.

However, there are sections of the Mumbai real estate market where purchasers can still obtain sea-view flats at reasonable prices. Here’s a look at some of these reasonably priced micromarkets.

1. Sewri-Wadala Belt

Sewri is emerging as an important hotspot, boosted by infrastructure enhancements such as the Mumbai Trans Harbour Link. Sea-view flats are priced at ₹35,000-45,000 per sq ft, much lower than traditional South Mumbai sea-facing areas. The combination of improved connection and very inexpensive base prices makes the area appealing to early adopters.

Developers in the Parel-Sewri belt are providing sea-view homes for between ₹40,000 and ₹50,000 per sq ft, with views of the Atal Setu, which connects South Mumbai and Navi Mumbai.

2. Versova.

Local brokers report that select pockets in Versova still provide sea-facing or partial sea-view properties in the ₹30,000-₹40,000 per sq ft range, despite the high cost in Andheri West. Versova, as opposed to the nearby Lokhandwala Complex or premium Juhu, provides a more accessible entry point and a well-developed social scene.

According to brokers, flats priced between ₹40,000 and ₹45,000 per sq ft are often in semi-old structures (5-15 years old).

3. Madh Island.

Madh Island has one of the most remarkable sea-view offerings within Mumbai’s metropolitan limits. Property costs range from ₹25,000 to ₹35,000 per sq ft, with upscale duplex units reaching ₹37,000 per sq ft.

The location currently has little connectivity, mainly via Malad, but it is accessible to Versova via ferry services. However, real estate analysts believe that the projected Versova-Madh Island bridge and the Mumbai Coastal Road (North) will greatly increase accessibility.

4. Mira Road-Bhayandar, Thane district.

Mira Road and Bhayandar, located in the Mumbai Metropolitan Region (MMR), provide affordable sea- or creek-facing apartments priced between ₹15,000 and ₹20,000 per square foot. In recent years, the neighborhoods have seen steady development, with homebuyers placing a higher value on waterfront views.

According to local brokers, land deals in these micro-markets are picking up following the announcement of the Mumbai Coastal Road North, which is scheduled to connect Versova to Virar via Mira Road and Bhayandar.

5. Ulwe, Navi Mumbai.

Ulwe, located on the other side of the harbour in Navi Mumbai, is frequently referred to as the region’s Worli equivalent. The region provides sea-facing or open sea-view apartments at rates ranging from ₹10,000 to ₹18,000 per sq ft, making it one of the most affordable options in Mumbai Metropolitan Region for homeowners wanting coastal views, according to local brokers.

While the Mumbai real estate market’s most costly sea-view flats are in neighborhoods such as Worli, Malabar Hill, and Bandra, there are still more inexpensive possibilities. 

Creating affordability in the residential segment has been a well-intentioned quandary that Indian developers have been grappling with for the past decade. With real estate development principles challenged, hard-earned viewpoints have been displaced, and valuable lessons from failures have fuelled numerous success stories in this relatively tough industry.

As with the Indian real estate market, the definition of inexpensive housing varies by city and income level. This is because both the government (under PMAY) and the private sector have hurried to invest in and construct important and innovative products to address one of the world’s largest housing shortages. However, multiple factors must be present for an affordable housing project to achieve stakeholder success requirements. Customers obtaining more room and amenities for less, developers being able to spring communities for high profit margins, and institutional funds making big exits to keep capital churn at bay. A successful affordable housing project is essentially a combination of high sales velocities created by strategically targeting under-represented product niches. IRR-inspiring land purchase, FSI optimisation (often counterintuitive but important), a well-planned procurement approach, and quick execution.

As Steve Jobs once stated, “Get closer than ever to your customers.” So close that you tell them what they need before they realise it themselves.” All of the elements listed above must be combined in the proper proportions to ensure the success of affordable housing developments. It is possible that what the consumer wants does not even exist in the existing market dimension; consequently, it is vital to listen to the customers’ demands without preconceived assumptions. A project in Bhiwandi (on the suburbs of Mumbai) sold 1000 units in 2020 (yep, a complete slam dunk) by targeting an untapped virgin apartment pricing range, causing competitors to drop prices arbitrarily to maintain sales volumes.  However, one aspect that enabled lower-than-market price was not lowering unit sizes, but rather deliberate FSI under-consumption (against typical practice).

Achieving this FSI tipping point reduced exposure to input costs on the majority of counts. Steel prices have risen by 50% today. Lockdowns have resulted in a significant labour shortage. Choosing MLCPs over basements for parking (although sacrificing ground covering) and lowering building heights through FSI optimisation might result in significantly higher profits for the developer despite lower ticket prices for customers and an incremental trade-off on land cost. Fast-selling ventures pay their construction because the inflow of receivables increases as the project grows.

The approach for land acquisition, approval, and financial infusion in the affordable housing context influences the project’s success even more. Lands in inexpensive micro-markets tend to appreciate as infrastructure improves and more families migrate from more established and thus pricier marketplaces. As a result, locking in the price of land now effectively minimises future potential costs. Outright land purchases best serve the mechanism by making staggered payments that level out the risk and return on capital during the approved sanction stage. Exchanging land for a portion of the area to be completed by the developer in the project is likely the maximum price some would pay for land using a finished and supremely priced-in product.

While JDAs can boost project IRRs to new heights, margins suffer, which is why outright purchases can sometimes outperform JDAs in the affordable environment.  For the capital supplier, such an investment usually has a shorter cash cycle.  A significant portion of the land investment can be staggered if win-win negotiation strategies are used with landlords. In the best-case scenario, a significant and ultimate tranche might coincide with the receipt of official sanction. Then, the time between a lengthy land investment and subsequent project launch is reduced to a matter of weeks. The investor’s risk switches from timely clearance to project launch success, which is a better problem to have.  With proper planning and execution, cheap projects can achieve levered IRRs in the early 30s and gross PBT margins in the late teens.

A development’s creatively woven sense of community feel for customers serves as the binding glue that keeps this class of customers loyal to a specific breed of developers, resulting in significant differentiation. The developer’s ability to handle local issues on and around the site, take a hard look at construction costs, and constantly course-correct while enabling multiple avenues for making home loans and CLSS available to customers (many of whom have income instability) are also critical in resolving the difficult but immensely rewarding conundrum of affordable housing.