MHADA Lottery 2026: Prices Cut by 7.5% on 1,221 of 2,640 Affordable Homes on Sale in Mumbai

Mumbai, May 2: The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices for 1,221 apartments by 7.5% under its MHADA Lottery 2026, out of the total 2,640 homes on offer in Mumbai. This means prices for almost 46% of the total inventory in the housing draw have been slashed.

The price cuts apply to units in Kanamwar Nagar, Vikhroli East. According to MHADA, the Mumbai Board had been reviewing pricing for select units and has now implemented the reduction.

Revised Prices

Following the revision:

480 units in Building No. 2 at Kanamwar Nagar: Prices lowered from ₹1.45–₹1.47 crore to ₹1.34–₹1.36 crore
741 units in Building No. 3 at Kanamwar Nagar: Prices revised from ₹1.45–₹1.48 crore to ₹1.34–₹1.37 crore

"Each tenement in this project will be provided with one car parking space free of cost, and applicants are encouraged to take advantage of this opportunity," reads the MHADA statement.

Costliest & Most Affordable Apartments

Costliest apartment: Tardeo area, South Mumbai – ₹6.82 crore (High Income Group)
Most affordable apartment: Mankhurd – over ₹29 lakh (Economic Weaker Section)

There are 4 apartments in the above ₹6 crore price range, 2 of which are in Cressent Tower, Tardeo.

Lottery Locations

The MHADA lottery 2026 has apartments for sale across areas including Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, and Dadar. Of the total 2,640 homes, 1,762 apartments (around 66%) are under construction.

Application Deadlines

Online applications: Until 11:59 PM on May 14, 2026
EMD payment (online): Until 11:59 PM on May 15, 2026
EMD payment (RTGS/NEFT): Within banking hours of May 15, 2026
Provisional list of applications: May 22, 2026 at 3:00 PM
Online claims & objections: Until May 25, 2026 at 3:00 PM
Final list of accepted applications: May 29, 2026 at 3:00 PM
Computerised lottery draw: June 5, 2026

All updates will be available on MHADA's official website: https://housing.mhada.gov.in