The Maharashtra Housing and Area Development Authority (MHADA) intends to cut the cost of over 50 flats provided in the Mumbai real estate market through its First Come, First Served (FCFS) scheme by 10%-20% after these units went unsold.

In February 2026, MHADA floated 118 flats under the FCFS programme, 64 of which were sold, and the remaining units drew little interest. To increase take-up, the council is now considering offering these unsold homes at a discount.

“We want to cut prices by 10% to 20% for flats that remain unsold under the FCFS scheme. Around 64 apartments are currently unsold; this is an estimate, and the precise amount is being determined,” said Milind Borikar, CEO of the MHADA Mumbai Board.

“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.

What is the MHADA FCFS scheme?

In February 2026, the MHADA announced the sale of 118 units through an FCFS scheme. These flats were previously offered through multiple lottery schemes but went unsold for a variety of reasons; therefore, they were put up for sale on a first-come, first-served basis.

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.

According to MHADA rules, units that remain unsold after two lottery rounds might be offered under the First Come, First Served (FCFS) plan. As a result, in February 2026, MHADA announced the sale of 118 similar units on a fee-for-service basis.

64 flats sold within the last two months.

The Maharashtra Housing and Area Development Authority sold approximately 64 flats under the FCFS scheme, with the majority of transactions falling in the lower price range. Unsold inventory typically costs between ₹4 crore and ₹8 crore. MHADA officials informed Hindustan Times Real Estate that the most costly apartment in South Mumbai, valued at ₹8 crore, is still unsold.

“We will continue our attempts to sell the remaining units under the FCFS plan. These units, however, will be excluded from the forthcoming lottery because they were previously unsold. 

Instead, we want to sell them on the free market,” Borikar stated in March 2026.

Price range of the 118 flats that were listed for sale

Over 70% of the 118 units offered by the MHADA under the FCFS plan in Mumbai were priced below ₹2 crore. According to 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.

The most expensive flat listed for sale by MHADA is at Crescent Tower in the Tardeo neighborhood of South Mumbai. According to the MHADA website, the apartment has a built-up size of around 1,838 sq feet (170.76 sq m) and a carpet area of about 1,532 sq ft (142.3 sq m).

The MHADA has advertised three more apartments in the same building, valued between ₹6.27 crore and ₹7.94 crore. The authority has listed multiple properties for sale in Juhu, Mumbai, with prices ranging from ₹3 crore to ₹5.50 crore, according to accessible data.

The Maharashtra Housing and Area Development Authority (MHADA) offers the most cheap apartments at PMGP Colony, Mankhurd. The unit’s built-up size is approximately 247 square feet (23 square meters), with a carpet surface of around 225 square feet (20.91 square meters). The price is ₹31.17 lakh, including an earnest money deposit (EMD) of ₹1 lakh. This category has only one available tenancy.

MHADA has advertised flats in Kandivali, Charkop, Wadala, Malad, and Byculla with prices ranging from ₹35 lakh to ₹3 crore.

According to official data, the Maharashtra Real Estate Regulatory Authority (MahaRERA) approved 10,379 real estate projects in Maharashtra during fiscal year 2025-26, with nearly half (5,494) in the Mumbai Metropolitan Region (MMR) and 3,566 in the Pune region.

During the same period, MahaRERA registered 4,204 projects, approved adjustments for 2,488 projects, and extended 3,687 projects.

Complaint disposal also increased significantly, with a 19% higher resolution rate in 2025 as the regulator concentrated on resolving pending cases.

District-level data

According to official data, the Pune district approved 3,150 projects, followed by Thane (1,714), Mumbai suburban (1,696), Mumbai City (375), Raigad (939), Palghar (568), Nagpur (474), Nashik (454), Sambhaji Nagar (155), Kolhapur (145), Satara (145), and Ratnagiri (134).

However, while Pune leads district-wise, when the entire Mumbai Metropolitan Region (MMR) is considered, overall registrations rise to 5,494, with 3,566 in the entire Pune region, 563 in Vidarabha, which comprises Nagpur and Wardha, among others, and 723 from the remainder of Maharashtra, according to the data.

Complaint disposal rate increased by 19%.

According to official data, the authority resolved 6,045 homebuyer complaints in 2025, up from 5,073 in the previous year, as it prioritised settling older unresolved cases.

On March 16, MahaRERA stated that the complaint-disposal percentage in its first seven years ranged between 50% and 70%. This has since increased dramatically, with the overall disposal rate reaching 127% and possibly 137% in 2025 alone.

Since its beginning, 10,235 complaints have been lodged, with 13,003 disposed of, indicating a significant improvement in case resolution.

According to MahaRERA data, 1,324 complaints were reported in 2017, with a 27% disposal rate. In 2018, there were 4,253 complaints, and the disposal rate improved to 56%.

In 2019 and 2020, there were 4,376 and 3,049 complaints, with 71% and 53% of them resolved, respectively. In 2021, 3,554 complaints were registered, with a 57% disposal rate; in 2022, 3,312 complaints were filed, and the disposal rate increased to 79%.

In subsequent years, MahaRERA received 4,006 complaints in 2023, 3,868 in 2024, and 5,073 in 2025. The disposal rates in these years increased to 70%, 123%, and 137%, demonstrating a significant improvement in case resolution.

Is MahaRERA permission required for project changes and timeframe extensions under the RERA Act?

According to MahaRERA, obtaining its clearance is required for any modifications or extensions under the requirements of the Real Estate (Regulation and Development) Act of 2016. Developers must also seek regulatory clearance for any changes or additions to the project plans provided at the time of registration.

Furthermore, at the registration step with MahaRERA, developers must specify a certain completion date for the housing project. “During the execution of any project, regardless of the reason, the developer must acquire MahaRERA clearance for a timeline extension. If this method is not followed, the project is labelled as ‘lapsed’, which has a negative impact on its progress. As a result, asking for an extension from MahaRERA is required to finish the project. From the standpoint of homebuyers, the developers must get MahaRERA’s clearance for the project’s repair and extension,” MahaRERA stated.

What happened?

The Maharashtra registration department announced intentions to open 60 private-sector property registration centres by July, based on the passport office concept. These centres would complement existing government offices and offer improved facilities such as digital queue management, e-KYC integration, and dedicated customer service counters. A processing cost of up to Rs 5,217 per transaction will be levied, while fundamental statutory rates remain unaltered. Appointments will be scheduled through an online interface to improve workflow and reduce in-person wait times.

Why It Matters

This effort represents a deliberate shift towards the public. • Private collaborations in land administration to address long-standing delays in property registrations. By outsourcing non-core services, the government wants to lower transaction turnaround from an average of 30. • 45 days to less than one week. Improved process efficiency can increase liquidity in the real estate market by speeding up title transfers and reducing backlog-induced bottlenecks. The model also serves as a trial ground for performance-based contracts and digital transformation of bureaucratic operations.

Investment Implications:

While this strategy is exclusive to Maharashtra, investors and developers in Haryana and the surrounding NCR should consider whether comparable PPP frameworks may be implemented locally. Faster registration timelines can improve project feasibility by lowering holding costs and increasing cash flow predictions. NRI investors may profit from more regular transaction timetables, which reduce exposure to regulatory uncertainty. Local governments in Gurugram and nearby districts might use pilot findings to establish similar privately run service centres that cater to high-volume submarkets.