The Mumbai Housing and Area Development Board (MHADB) is all set to sell about 4,000 dwellings in a lottery that will take place in March. Around 2,200 residences will be in the Pahadi neighbourhood of Goregaon West on the Link Road, and the remaining units will be spread out among Powai, Sion, Borivali, etc.
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All four income tiers including Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group (MIG), and High Income Group, will have access to the residences (HIG). 60% of the 4,000 homes will be sold into the EWS and LIG categories and the MIG and HIG will receive the remaining 40%. While the cost of the apartments in the EWS and LIG groups will be approximately ₹ 35 lakh and ₹ 45 lakh, prices for MIG and HIG apartments have not yet been decided.
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While applying for the residence, the applicant must present all required paperwork, unlike in the past. This year, a programme has been created that will screen out ineligible applications and will provide a final list of candidates. The lottery winners will have to take possession of the flat and make the payment within 30-45 days. Earlier, to complete the payment and possession processes, it used to take at least 4-5 months.
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