Mhada Flat Applications Plummet by 50% in Two Years
Demand for Mhada flats falls 50% in two years
Image: Hindustan Times
Demand for flats from the Maharashtra Housing and Area Development Authority (Mhada) has dropped significantly, with only 97,613 applications received this year for 2,640 flats, compared to 131,811 applications in 2024. The average applications per flat have decreased from 56 to 28.54, indicating a substantial decline in interest.
- 01This year, Mhada received 97,613 applications for 2,640 flats, a 50% drop from 2024's 131,811 applications.
- 02The average number of applications per flat decreased from 56 in 2024 to 28.54 this year.
- 03The application window for Mhada flats opened on March 30 and was extended three times before closing on Thursday.
- 04The flats available this year are located in various areas including Vikhroli East, Goregaon West, and Bandra.
- 05The final list of eligible applicants for the lottery draw will be published on June 16.
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Demand for flats developed by the Maharashtra Housing and Area Development Authority (Mhada) has seen a dramatic decline, with applications dropping nearly 50% compared to 2024. This year, Mhada received 97,613 applications for 2,640 available flats, resulting in an average of 28.54 applications per flat, down from 56 applications per flat in the previous lottery. The application period began on March 30 and was extended multiple times, concluding on Thursday. The flats are located in various neighborhoods across Mumbai, including Vikhroli East, Goregaon West, and Bandra. The draft list of accepted applications is set to be published on June 10, with the final list of eligible applicants to be released on June 16. The decline in demand may reflect changing market conditions or shifts in buyer preferences, as seen in the previous lottery where 131,811 applications were received for 2,030 flats, largely driven by a specific project in Goregaon.
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The significant drop in applications for Mhada flats may affect housing availability and pricing in Mumbai.
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