Also Read : MHADA 31 May 2013 Lottery Draw Result
There is a Good News for Mumbaikars who are looking to buy homes, as Maharashtra Housing & Area Development Authority (MHADA) will soon come out with a lottery draw for MHADA 2013 Low Cost Housing Scheme for sale of 2550 houses.
In a recent interview, Bhausaheb Dangade, chief officer, Konkan Board, of the Maharashtra Housing and Area Development Authority said that lottery will be held in May 2013 and buyers will get possession the next year.
Out of these 2550 low cost housing flats, 2400 flat will be in Virar and another 150 will be in the the coastal town of Vengurla in Sindhudurg district.
The Draw will be held on 31st May 2013 for which are forms will be available tentatively by March – April 2013.
More details of this MHADA flats lottery 2013 will be available in the official MHADA website – http://www.mhada.org by March or April, 2013.
Under the Mhada 2013 Low Cost Housing Scheme, the flats will be sold at an affordable rate of Rs. 3,200 per sq ft for Virar and Rs. 2,000 per square feet at Vengurla.
Out of the total 2400 flat, 1,824 will be for low-income group (LIG) families and 630 for middle-income group (MIG) families.
Due to sky high real estate prices in Mumbai, there is always high demand for MHADA Flats, as MHADA normally sells its apartments at less than half the rates compared to private builders.