Real Estate News
MHADA Launches 295 Pune Homes on FCFS Basis
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.