The Maharashtra Housing and Area Development Authority (MHADA) lottery 2026 application deadline has been extended to May 14, 2026, the state housing authority stated on April 28.

In March 2026, the MHADA announced a lottery for 2,640 inexpensive dwellings in the Mumbai real estate market. According to data from the MHADA website, 1,762 flats, or approximately 66%, are now under construction.

The MHADA has advertised its most expensive flat in Tardeo, South Mumbai, under the High Income Group (HIG) category, priced at ₹6.82 crore. The most affordable unit for the Economically Weaker Section (EWS) is located in Mankhurd and costs more than ₹29 lakh.

MHADA data shows four flats priced above ₹6 crore, with two being in Crescent Tower, Tardeo. The lottery offers two units, one size 1,520 sq ft at ₹6.77 crore and the other measuring 1,838 sq ft at ₹6.82 crore, making it the most costly option.

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

Revised schedule

According to the MHADA, the amended schedule announced by its Mumbai Board allows online applications until 11:59 p.m. on May 14, 2026. Applicants can pay their earnest money deposit (EMD) online until 11:59 p.m. on May 15, 2026, and RTGS/NEFT payments will be accepted until banking hours on the same day.

MHADA further stated that the tentative list of received applications will be published on May 22, 2026, at 3:00 pm on its official website, https://housing.mhada.gov.in

MHADA stated that applicants may submit online claims and objections until 3:00 p.m. on May 25, 2026. The final list of accepted applications will be announced at 3:00 p.m. on May 29, 2026, with the computerized lottery draw for flat allotment set for June 5, 2026.

Over 50 MHADA flats will be given under the first-come, first-served plan.

In February 2026, MHADA offered 118 apartments under its First-Come, First-Served (FCFS) program, 64 of which were sold, while the remaining units drew little interest. To increase demand, the authority intends to offer these unsold properties at a discount.

MHADA is proposing a 10%-20% price cut for more than 50 unsold flats. “We want to cut prices by 10% to 20% for flats that remain unsold under the FCFS scheme. Around 64 units are currently unsold; this is an estimate, and the precise number is being determined,” Milind Borikar, CEO of the MHADA Mumbai Board, stated.

He stated that price cutbacks would be made on a case-by-case basis, taking into account each area’s ready reckoner (RR) rates. “The extent of the reduction will be decided accordingly,” Borikar stated.

The Maharashtra Housing and Area Development Authority (MHADA) has listed 295 affordable homes for sale in the Pune district on a first-come, first-served (FCFS) basis. This follows the announcement by MHADA of a similar initiative to sell 118 units in the Mumbai real estate market.

According to MHADA, apartments that remain unsold after two lottery rounds may be marketed through the FCFS mechanism. The online sale registration will be handled by the MHADA’s Pune Housing and Area Development Board (PHADA).

Online application date

The registration procedure for 295 flats will begin on May 4, 2026 at 11 AM on MHADA’s official website: https://bookmyhome.mhada.gov.in. 113 flats are under the Pune Municipal Corporation (PMC) MHADA project, while 182 are under the Pimpri-Chinchwad Region MHADA scheme.

Configuration and Location

The scheme provides 1RK, 1BHK, and 2BHK flats in Pune and Pimpri-Chinchwad municipal limits, including Chikhali, Tathawade, Wakad, Lohgaon, Mundhwa, Yeolewadi, Wagholi, Kiwale, Fursungi, Dudulgaon, Pisoli, Balewadi, Hadapsar, Punawale, and others. Applicants can choose the best option based on project size, pricing, and amenities. The MHADA Pune Board encourages interested applicants to review the entire information booklet accessible on the official website before applying. The pamphlet contains full information about the initiative and the application process. Applicants must finish their registration on the same website,” the MHADA said in a statement.

The MHADA requires a fixed Earnest Money Deposit (EMD) of ₹20,000 for unit purchases.

MHADA’s Mumbai FCFS Scheme

In February 2026, MHADA floated 118 flats under the FCFS program; 64 were sold, while the other units drew little buyer interest. To increase take-up, the council is now considering offering these unsold homes at a discount.

The flats were listed for sale in Kandivali, Charkop, Shimpoli, Antop Hill, Wadala, Powai, Malad, Mankhurd, Ghatkopar, Vikhroli, Byculla, Tardeo, Lower Parel, Sion, Juhu, and Andheri.

Over 70% of the 118 units offered by MHADA under the FCFS plan in Mumbai were priced under ₹2 crore. On MHADA’s website, there are 40 flats available for less than ₹1 crore, over 70 units for ₹2 crore, and 28 apartments for ₹2 crore to ₹8 crore.

“We want to cut prices by 10% to 20% for flats that remain unsold under the FCFS scheme. Milind Borikar, CEO of MHADA’s Mumbai Board, told Hindustan Times Real Estate that about 64 units are still unsold. The exact number is being decided.

“The price reduction will be decided on a case-by-case basis, since we will need to consider the ready reckoner (RR) rates in each area. “The extent of the price cut will be determined accordingly,” Borikar stated.

Mumbai Real Estate Market Update: Over the past two years, at least four bungalow deals worth ₹864 crore were registered in the city.

Mumbai’s real estate market is known for tiny apartments and towering towers, yet the city has reported at least four bungalow purchases over ₹864 crore in the last two years. A rare sea-facing heritage 6BHK villa named Leela in Mumbai’s Juhu sold for ₹221 crore.

The following are four bungalow deals in Mumbai’s real estate sector.

1) Leela Bungalow in Mumbai Juhu

On April 22, 2026, Notandas Realty, an arm of the Mahesh Notandass Jewellers Group, paid ₹221 crore for the rare sea-facing, heritage 6BHK Art Deco bungalow, Leela, owned by the Nanavati family in Mumbai’s Juhu.

The home, which is listed as a Grade IIB heritage site, is located on Juhu Tara Road near the famed Juhu Beach. The property, built in the 1950s and owned by the Nanavati family (the promoters of Nanavati Hospital in Vile Parle), was sold through a bidding process, according to reports.

The ground-plus-one bungalow is on a 1,355 square metre plot and has a built-up space of approximately 8,480.68 square feet. It has a terrace of roughly 2,500 square feet and a garden of about 5,000 square feet. The acquisition costs approximately ₹2,60,592 per sq ft, which is lower than Uday Kotak’s ₹2.89 lakh transaction at Worli Sea Face. Brokers estimate a price of approximately ₹1,51,525 per sq ft based on a total plot area of 14,585 square feet.

2) Laxmi Nivas (South Mumbai)

The landmark Laxmi Nivas home on Mumbai’s affluent Nepean Sea Road was sold for ₹276 crore in February 2025, according to papers discovered by Zapkey. The bungalow served as a secret refuge for independence fighters during the Quit India Movement in the 1940s.

According to Zapkey, what was once a hub of the liberation movement has become one of the most expensive real estate deals in the Mumbai market.

According to the paperwork, the Kapadia family, which possessed the heritage 19,891-square-foot bungalow, sold it to Vageshwari Properties Private Limited. One of its directors is Elina Nikhil Meswani, the wife of Nikhil R Meswani, executive director of Reliance Industries Limited’s board. According to the papers, the property’s total built-up area is roughly 19,891.87 square feet.

3) Dwarka Bungalow, Santacruz

According to records uncovered by data analytics firm Zapkey, a subsidiary of luxury real estate developer ZYJ Builders & Developers paid ₹164 crore for the Dwarka bungalow in Santacruz.

The house, Dwarka Bungalow, is located on Linking Road in Santacruz West. The estate covers 1,266.7 square meters (13,629 square feet) and includes a ground-plus-one structure, a garage, and auxiliary structures.

According to the document, the corporation paid a stamp duty of ₹9.8 crore to purchase the property in November 2025.

ZYJ Estates LLP purchased the bungalow through partner Zafar Yunus Zaveri. Zaveri is partnered with Yunus Jhaveri Architects and has ties to a luxury real estate company in Mumbai that specializes in high-end residential developments. According to the company website, ZYJ Developers is currently working on a project called Sequoia on 16th Road, Santacruz West.

4) Niladri bungalow, South Mumbai.

Ajaykumar Vaghani, founder and chairman of Hamilton Housewares Private Limited, purchased Niladri Bungalow in Nepean Sea Road for ₹203 crore in March 2025, according to property registration documents accessed by Zapkey. Hamilton Housewares Private Limited is a leading manufacturer and marketer of houseware products in India and owns the ‘Milton’ brand.

The records revealed that the bungalow was purchased from United Spirits on March 31, 2025. It has a land size of 1,911 square meters and a ground-plus-two bungalow of 18,844 square feet. The home acquisition cost ₹12.23 crore in stamp duty.