Mumbai: The Maharashtra Housing and Area Development Authority (MHADA) has announced that the final deadline for submitting applications for its lottery of 2,030 houses is Thursday, September 19, by 12 noon.
Aspiring homebuyers must also complete the payment of the earnest money online by 11:59 PM on the same day.
The online registration process for the lottery began on August 9, and as of September 13, MHADA had received 75,571 applications, with 55,000 of them being accompanied by the required earnest money. The much-anticipated draw will take place on October 8 at 11 AM at the Yashwantrao Chavan Center in Nariman Point.
Provisional and Final Lists
MHADA has scheduled September 27 at 6 PM as the date for the release of the provisional list of applicants, which will be made available on their official website.
Applicants will have until September 29, by 12 noon, to submit any claims or objections regarding this list. Following this process, the final list of approved applicants will be published on October 3 at 6 PM on MHADA's website.
Payment Procedure for Earnest Money
Applicants are advised to complete the payment of their earnest money via RTGS or NEFT through the concerned banks within office hours on September 19. Failure to meet the deadline will result in the rejection of the application for the housing lottery.
Reduction in House Prices
In a move that has reignited hope for many prospective homebuyers, the prices of 370 houses have been reduced by 10% to 25%. This reduction is expected to draw more applicants ahead of the September 19 deadline.
Draw and Result Announcement
The draw for the MHADA lottery will be conducted on October 8 at 11 AM at the Yashwantrao Chavan Center. Following the draw, the names of successful applicants and those on the waiting list will be published on MHADA’s official website. This announcement will mark the final phase of the lottery process, bringing the months-long procedure to a conclusion.
