MHADA Lottery 2026: Prices Slashed by 7.5% on 1,221 Affordable Homes in Mumbai

MHADA Lottery 2026:The Maharashtra Housing and Area Development Authority (MHADA) has slashed prices by 7.5% for 1,221 apartments under its MHADA Lottery 2026, out of 2,640 homes that are available in the Mumbai real estate market, bringing down prices for 46% of the total inventory. The apartments are located in Mumbai's Kanamwar Nagar and Vikhroli East.

The Maharashtra Housing and Area Development Authority (MHADA) has cut the prices of 1,221 apartments by 7.5% under the MHADA Lottery 2026 out of 2,640 apartments on offer in Mumbai. Prices for nearly 46% of the total homes in the housing lottery have been reduced.

The reduction in price is for units in Kanamwar Nagar, Vikhroli East. MHADA said the Mumbai Board has been in consultation on the pricing of some units, and has now passed the cut.

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After the revision, the cost of 480 units in Building No. 2 in Kanamwar Nagar has been reduced from ₹1.45- ₹1.47 crore to ₹1.34- ₹1.36 crore.

In Building No. 3 located in the same area, the prices for 741 units have been reduced from ₹1.45- ₹1.48 crore to ₹1.34- ₹1.37 crore, according to MHADA.

"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 by submitting their applications for the lottery," reads the MHADA statement.

MHADA lottery 2026's most expensive apartment

The costliest MHADA apartment is in South Mumbai's Tardeo locality, for the High Income Group (HIG) at a price of ₹6.82 crore. MHADA's cheapest house for sale is in Mankhurd for the Economic Weaker Section (EWS), for more than ₹29 lakh.

There are 4 apartments listed in the MHADA list in the above ₹6 crore price range with 2 in Cressent Tower, Tardeo. The first apartment is 1,520 sq ft and costs ₹6.77 crore. The second apartment is 1,838 sq ft and is priced at ₹6.82 crore, which is the most expensive apartment MHADA has.

MHADA lottery date and other information

MHADA held a lottery for 2,640 affordable homes in the Mumbai market in March 2016. Out of this, 1,762 apartments, or 66% are under construction, the data from MHADA's website reveals.

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The MHADA lottery 2026 has apartments for sale in Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, Dadar and more.

According to the revised date of the application period announced by the Mumbai Board, applications can be submitted online until 11:59 PM on 14 May 2026, and the earnest money deposit (EMD) can be made online until 11:59 PM on 15 May 2026. The EMD can also be paid online until the banking hours on 15 May 2026, through RTGS/NEFT.

The list of applications received will be published provisionally on 22 May 2026 at 3:00 PM on MHADA website https://housing.mhada.gov.in, the MHADA said.

Applicants can make online claims and objections up to 25 May 2026 at 3:00 PM, the MHADA said. The list of successful applications will be released on 29 May 2026 at 3:00 PM. The computerised draw for allocation of flats will be held on 5 June 2026.

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