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MHADA Mumbai | There is a big comforting news for those who buy their own house in Mumbai. Maharashtra Housing and Area Development Authority (MHADA) has announced a 7.5% reduction in the price of as many as 1,221 flats out of 2,640 houses available for sale under ‘MHADA Lot 2026’. This move has reduced the house prices by almost 46%, creating a huge opportunity for home buyers. Especially the houses in Vikhroli East and Kanamwar Nagar area will directly benefit from this discount.

According to MHADA, the Mumbai Board has implemented this reduction after reviewing the prices of certain projects. As per the revised rates, the prices of 480 houses in Building No. 2, Kanamwar Nagar, have come down to between ₹1.34–₹1.36 crore from earlier ₹1.45–₹1.47 crore. Similarly, the prices of 741 flats in Building No. 3 have decreased from ₹1.45–₹1.48 crore to ₹1.34–₹1.37 crore. These cuts have made home buying relatively more affordable for middle-class families. MHADA Mumbai

Another attraction of this scheme is that one car parking space will be provided free of charge with each flat. Therefore, the burden of additional costs will be reduced and the buyers will get more benefit. The most expensive flat in MHADA’s list is in Tardeo, which is priced at around 6.82 crores for the upper income group. While the cheapest house is in Mankhurd, this flat available for Economically Weaker Sections (EWS) starts from around 29 lakhs.

The houses in this lottery are spread across various areas like Goregaon, Borivali, Chembur, Bandra, Ghatkopar, Powai and Dadar, allowing the applicants to choose options according to their convenience. About 66% of the total flats are still under construction. MHADA Mumbai

Meanwhile, as per the revised schedule, interested applicants can apply online till 14:59 PM on May 14, 2026. Last date for payment of deposit amount (EMD) is 15 May 2026, you can pay this amount online as well as through RTGS/NEFT. MHADA is already providing good quality homes at affordable prices and now the prices have come down by another 7.5 per cent, which is a big relief for the buyers.