“Ever soaring real estate prices in Mumbai and suburban has boosted the number of MHADA Home applicants for low cost homes by MHADA. Number of people looking out for budget / cheap home is higher compared to the available houses which are on lottery system by MHADA. Below are some figures since 2008 which details the demand of such houses and the availabilities in city..”
Note : This article will not be updated any more.
MHADA Home Applicants vs Demand
| Year | Houses Available by MHADA | Total Applicants. |
|---|---|---|
| 2008 | 870 | 65640 |
| 2009 | 3863 | 430000 |
| 2010 | 3449 | 328000 |
| 2011 | 4034 | 140000 |
| 2012 | 2593 | 138000 |
How MHADA Increased the Supply
Encroachment is one major problems MHADA faced with the long awaited open plots at various corners of city, suburban and locations like Thane & Palghar district, Navi Mumbai. Big hurdle in new home development as the owned encroached property needs to be got free via the legal battle with land mafia in city.
Goregaon’s huge 272 acre plot, Virar and many other locations sees a good development with more than 5000 new flats ready for low cost home applicants under MHADA scheme.
Its a good news that 5000 eligible and prospective home buyers will have a low cost shelter in costly city Mumbai, MHADA is fighting and getting back more of such owned lands from such land mafia.
Related posts:
Best Second Home 2020 | Weekend Holiday Home Locations Near Mumbai
Things to Check Around Home – Home Buying Location Checklist
MHADA Low Cost Homes in Mumbai
Process Of Getting Home Loan in Mumbai
Home Residential Address Of Bollywood Actors Celebrities Stars – Mumbai
Best Residential Properties Locations – Navi Mumbai
See More in Residential Properties
