Real Estate News
MHADA Lottery 2026: Deadline Extended to May 14, Draw on June 5
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.
Real Estate News
Maharashtra Bars Society Members from Becoming Developers
The Maharashtra government has introduced stricter rules for cooperative housing society redevelopment, prohibiting managing committee members, office-bearers and their relatives from becoming developers of their own society’s redevelopment project. The provision aims to prevent conflicts of interest, reduce the possibility of corruption and ensure that redevelopment decisions are taken in the interest of all society members. The restriction is part of the revised redevelopment framework issued by the Cooperation Department under Section 79A of the Maharashtra Cooperative Societies Act, 1960, on September 30, 2026.
New Rules for Housing Society Redevelopment
Under the revised framework, housing societies must follow a more transparent procedure while selecting developers. A Special General Body Meeting (SGM) must have a two-thirds quorum, and the redevelopment proposal requires approval from at least 51% of the society’s total membership. Societies must also invite competitive bids from at least three developers. The selection meeting will take place in the presence of an authorised officer appointed by the cooperative registrar, and the proceedings must be video-recorded. Members can also demand secret-ballot voting if at least 20% of the society’s members request it.
Two-Year Deadline for Redevelopment Projects
The government has also introduced a time-bound framework to prevent unnecessary delays in redevelopment. Projects are generally required to be completed within two years from the date of the foundation or plinth certificate, with an extension of up to three years allowed in exceptional circumstances. The revised rules also prescribe timelines for executing Development Agreements and Permanent Alternative Accommodation Agreements (PAAA). These changes are expected to strengthen accountability among developers and managing committees while giving residents greater transparency and protection during redevelopment.
Impact on Mumbai Housing Societies
The new rules could have a significant impact on thousands of cooperative housing societies across Mumbai and the Mumbai Metropolitan Region (MMR), where redevelopment has become an important route for replacing ageing buildings. By restricting committee members and their relatives from becoming developers, the government aims to reduce conflicts of interest and prevent influential individuals from controlling redevelopment decisions. The framework also seeks to ensure that residents have a stronger role in selecting developers, reviewing project documents and protecting their housing rights.
Real Estate News
NMMC Warns 2,515 Property Tax Defaulters
The Navi Mumbai Municipal Corporation (NMMC) has intensified its property tax recovery drive, issuing pre-seizure notices to 2,515 property owners over outstanding tax payments. The action forms part of a special enforcement campaign targeting persistent defaulters who have failed to clear their dues despite repeated reminders from the civic administration.
According to officials, the corporation has issued seven-day pre-seizure notices to 2,008 properties, while another 507 properties have received 48-hour notices. Following the enforcement action, 182 property owners cleared their outstanding dues, resulting in a recovery of ₹14.35 crore. The civic body has warned that continued non-payment could lead to further legal proceedings, including property seizure and auction, in accordance with applicable municipal provisions
NMMC property tax recovery drive intensifies
The special recovery campaign was launched in September to target property owners with repeated payment defaults. The corporation is seeking to improve collections and recover outstanding revenue required to support civic infrastructure and municipal services.
As of October 27, NMMC had collected ₹546 crore against its annual property tax collection target of ₹1,200 crore for the financial year 2026–27.
The corporation is prioritising industrial and commercial properties in the current phase of enforcement. A separate drive targeting residential property tax defaulters is also planned.
What happens after receiving a property seizure notice?
Under the recovery procedure outlined by the civic body, property owners first receive a seven-day pre-seizure notice. If the dues remain unpaid, a subsequent 48-hour notice may be issued.
Continued default could result in seizure proceedings and, where legally applicable, auction proceedings to recover outstanding taxes.
Property owners who have received notices are therefore being advised to verify their outstanding amounts and clear pending payments within the specified period.
Which Navi Mumbai areas recorded the highest property tax collections?
Nerul recorded the highest property tax collection among NMMC’s administrative divisions, with ₹104.34 crore. Koparkhairane followed with ₹98.37 crore, while Turbhe and Ghansoli recorded ₹95.82 crore and ₹95.44 crore, respectively.
The corporation also reported that approximately 97.5% of property tax payments were made through online channels, indicating the growing use of digital payment facilities among property owners.
Why property tax collection matters for Navi Mumbai
Property tax is an important source of revenue for municipal corporations. These collections help fund roads, drainage networks, sanitation, street lighting, public infrastructure and other essential civic services.
NMMC Commissioner Kailas Shinde has directed the property tax department to intensify recovery efforts and work towards meeting the annual collection target.
The enforcement drive highlights the importance of timely property tax payments for residential, commercial and industrial property owners across Navi Mumbai.
Real Estate News
Mumbai’s Pratibha Tower Site Set for 179-Metre Residential Skyscraper
One of Mumbai’s most controversial real estate sites is preparing for a new chapter. The former Pratibha Tower site in Breach Candy, South Mumbai, is proposed to be redeveloped into a 179.4-metre residential skyscraper, replacing a property historically associated with construction violations and a major controversy dating back to 1984.
From Controversy to Redevelopment
Pratibha Tower became widely known as Mumbai’s “Tower of Corruption” following allegations of serious construction irregularities in the 1980s. The building was eventually demolished after years of legal proceedings, leaving behind a site with a complicated development history.
The proposed redevelopment now aims to transform the location into a modern residential high-rise.
What Is Planned for the New Tower?
The proposed building will feature a basement, ground floor, mezzanine level and six podium floors.
According to the reported development plans:
- Building height: Approximately 179.4 metres
- Residential apartments: Floors 8 to 32
- Amenities: 33rd floor
- Location: Breach Candy, South Mumbai
- Development type: High-rise residential redevelopment
The project is expected to introduce new residential inventory in one of Mumbai’s premium neighbourhoods.
Why Is This Redevelopment Significant?
Breach Candy remains a sought-after residential location because of its established neighbourhood, connectivity and proximity to South Mumbai’s major commercial districts.
The proposed tower also highlights how long-disputed urban properties can potentially return to productive use through redevelopment, subject to the necessary approvals.
What Happens Next?
The project’s progress will depend on applicable regulatory permissions, construction approvals and execution timelines.
If completed, the redevelopment would mark a significant transformation of a site closely associated with Mumbai’s real estate history.
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