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MHADA’s housing lottery unlikely this year as well, Real Estate News, ET RealEstate

MHADA's housing lottery unlikely this year as well, Real Estate News, ET RealEstate
BY: Ateeq Shaikh

MUMBAI: For families looking forward to participating in the government’s housing lottery for a home within Greater Mumbai limits, there is a dampener. The ongoing pandemic has affected the construction pace of the buildings, resulting in further delay in readying the homes to bring them out in the market through Maharashtra Housing and Area Development Authority’s (MHADA) lottery process.

“We are working towards readying the tenements within this year. The construction of buildings is in different stages. Once the construction is through, an application would be made to secure an Occupation Certificate. It is only thereafter the lottery draw would be held. We do not intend to hold the event by putting up under construction homes on the block,” said Yogesh P.

Mhase, Vice Chairman and Chief Officer, Mumbai Housing and Area Development Board (MHADB).

In 2020, people were looking forward to the lottery draw, but the pandemic’s outbreak derailed the plan. Secondly, there weren’t enough homes ready for the housing authority to call for applications and subsequently hold the lottery draw.

“Construction work slowed down leading to delays in the scheduled timelines. Had there not been this Covid-19 induced pandemic, we were confident of organising the lottery draw in 2021 itself,” added Mhase.

The construction of buildings is in different stages. Once the construction is through, an application would be made to secure an Occupation Certificate. It is only thereafter the lottery draw would be held. We do not intend to hold the event by putting up under-construction homes on the block­–Yogesh P Mhase, Vice Chairman and Chief Officer, Mumbai Housing and Area Development Board

Hence, the possibility of having one looks likely only sometime in the next calendar year – 2022. The entire lottery process – from inviting applications along with earnest money deposit to holding the draw – takes close to two or more months.

In 2022, around 5,000 units are likely to be up for sale in Pahadi in Goregaon East areas (about 4,000 units), Antop Hill (about 500 units), Powai (about 400 units) and a few at other locations.

Last year, too, MHADA did not include a single home in Mumbai under the scheme.


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Written by Realty Beat

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