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Vijayta Raheja Applauds India’s ₹4 Lakh Crore Urban Vision at ET Maharashtra Business Summit 

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Vijayta Raheja Applauds India’s ₹4 Lakh Crore Urban Vision at ET Maharashtra Business Summit 

As i speak of this i would also like to share with you that while we discuss the problems of what lacks in a city the central government has taken note of this issue and this problem and created an urban challenge fund the ucf i’m very proud to say that the union cabinet chaired by the Honourable Prime Minister of our nation Mr Narendra Modi, has allocated 1 lakh crore to solve this problem of urban challenge.

And this comprises only 25% of the fund. So the corpus of this fund will be 4 lakh crores. to solve the problems of multiple urban challenges across the length and breadth of our country. And I think this is commendable that this on a central level is being addressed and discussed. While I speak of the central government, I’d also like to speak of what is happening on the state level in terms of urban design.

Vijayta Raheja at ET Business Summit

Never has there been a better time and a stronger political will to change and upgrade the city.

I think the leadership of our Honourable Chief Minister, Devendra Fadnavis G has not just created robust infrastructure models that have been from blueprint to execution, but he has devised a plan and is working relentlessly to ensure that the entire state of Maharashtra is upgraded

We are leading in terms of the GDP contribution in the country. Maharashtra ranks first in the GDP contribution domestically.

Vijaya Raheja at ET Business Summit

We are also leading in GCC. We are leading in FDI. And very soon, with the vision and the plan of our Honourable Chief Minister, We will be leading in multiple other avenues where attention was required and now he is working towards it. Be it nice, be it tourism, be it integration of complexes, there is a lot of activity that is happening on upgradation of systems, integration of systems and on urban design.

Mumbai 3.0 is one of the many examples of renewed urban design where end-to-end connectivity is mapped, where end-to-end usability is being formulated in the form of a blueprint. The earlier planning of infrastructure and the earlier planning of development was as population grew. But today, our able leadership an honourable CM sir has devised a plan where you see the blueprint, be it for data centre integration, be it for urban development integration.

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Bombay HC Pushes MHADA on Jogeshwari Redevelopment

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Bombay HC Pushes MHADA on Jogeshwari Redevelopment

The Bombay High Court has ordered the Maharashtra Housing and Area Development Authority (MHADA) to deliberate on the fate of 22 tenants reportedly refusing to quit their residences in Majaswadi, Jogeshwari, within one month.

A panel of Justices M.S. Karnik and S.M. Modak was hearing a petition from more than 300 families whose reconstruction has been halted since 2008. The petitioners, who support the redevelopment, have demanded that the land be cleared so that the project can proceed.

Over 300 families, under the umbrella of Majaswadi Sarvoday Nagar CHS, initially approached MHADA, requesting action against 22 families who were not complying. After hearing both sides, the MHADA reserved its decision, causing the families to petition the Bombay High Court.

MHADA Jogeshwari project encounters barrier; 22 residents refuse to leave

The lawsuit involves the renovation of an MHADA community in Jogeshwari East, Mumbai, which includes 579 units owned by the Majaswadi Sarvodayanagar Co-operative Housing Society.

Residents chose a hybrid redevelopment scheme in 2008, with Acme Realities Pvt Ltd serving as the developer. The project’s goal was to rehouse all tenants while using the leftover property to build the sales towers. Acme began construction on three rehab towers for 171 of the original tenants and launched two sale towers, selling properties to around 350 homebuyers.

The project required significant cash and liabilities were ₹4,326.72 crore when it reached the National Company Law Tribunal (NCLT). After Acme failed to complete the project, homebuyers approached the NCLT, who in August 2025 selected Pune-based Mantra Developers to take over. Mantra plans to invest approximately ₹600 crore to finish the project.

A significant requirement for the takeover was that all remaining tenants leave the plot. Of the 579 original tenants, 171 had already been rehabbed. Among the others, approximately 300 had moved out but had not paid their rent, while 92 families remained on-site. Mantra settled overdue rent dues after taking ownership, and 70 families deserted the site, leaving only 22.

Over 300 residents addressed MHADA and eventually moved the Bombay High Court to demand action against the non-cooperative tenants, since renovation was blocked.The new developer provided a new source of hope for all of us. Many of us have lived in rented homes for years without receiving any aid or rent from the previous developer. When NCLT appointed the new developer, we were all thrilled and sure that we would be able to move into our new homes shortly. However, 22 of our own members have slowed the initiative by refusing to leave. “The new developer has no choice but to stop paying us rent,” said Sanjay Bane, chairman of Majaswadi Sarvodayanagar Co-operative Housing Society.

Bane stated that they approached the Bombay High Court after MHADA failed to take action against tenants who refused to vacate.

Bombay High Court’s order

The Bombay High Court ruling states that the petition was heard by the Competent Authority (MHADA) and reserved for orders on March 6, 2026.

The Bombay High Court ruled on April 27 that the petitioner and others waiting for the redevelopment project are suffering due to the lack of a definitive order.We heard skilled counsel for the MHADA.

In the facts of this case, and after hearing the learned counsel for the Petitioner and the grounds raised in the Petition, we are satisfied that the MHADA could be requested to issue an order expeditiously on the application, which is reserved for March 6, 2026, and in any case within four weeks of today,” the order stated.

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MHADA Lottery 2026: Deadline Extended to May 14, Draw on June 5

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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.

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MHADA Launches 295 Pune Homes on FCFS Basis

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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.

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