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MHADA Lottery 2016 to offer homes at cheaper rates

People interested in buying a house in Mumbai can now apply for MHADA Lottery.

The Maharashtra Housing and Area Development Authority (MHADA) has released an advertisement inviting applications for purchasing of 972 houses.

Applicants can buy the forms starting June 23 and they will be available until July 24. MHADA will accept the applications from June 24 to July 25. Demand Drafts for the same can be submitted at the AXIS Bank from June 24 to July 27.

MHADA will announce the names of the lottery winners on August 10.

The cheapest houses under the MHADA scheme are in Malvani, Malad, which are priced at Rs 8,17,000 with the carpet area of 16.72 square metres. And the most expensive house available in the scheme is at Shailendra Nagar, Dahisar. It has a carpet area of 78.47 metres and is priced at Rs 83,86,000

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