Maharashtra Housing and Area Development Authority (MHADA)
MHADA or Maharashtra Housing and Area Development Authority comes with a scheme where Maharashtra State Government is aiming to provide access to residential properties to the weaker section of the society at affordable price. MHADA scheme offers 1300+ low-cost houses through a lottery system. The cost of the houses or flats ranges between Rs.14.6 lakhs to Rs. 5.8 crore and differs depending on the income group.
Maharashtra Housing and Area Development Authority (MHADA) is going to introduce MHADA lottery 2020 with an objective to offer housing to the poor section of the society at a reasonable price. Through this lottery system, all the houses will be constructed just after following the domestic necessities.
Flats Price under MHADA Scheme
Tentative price of the flats comes under MHADA scheme:
|Types of flats||Tentative Price|
|EWS||Rs 15-20 lakh|
|LIG||Rs 20-35 lakh|
|MIG||Rs 35-80 lakh|
|HIG||Rs 80 lakh-5.8 crore|
Eligibility Criteria for MHADA Lottery
Below are the criteria that any individual must meet to become eligible for applying the MHADA lottery scheme –
Documents Required for MHADA Lottery Scheme 2020
Do you want to apply for MHADA lottery scheme 2020? You must hold the below documents:
Process of registration under MHADA lottery scheme 2020
If you’re interested to buy a property through MHADA scheme 2020 then you must register through MHADA official website. You can follow the below step by step guidelines of the registration process –
- Visit the official website of MHADA https://lottery.mhada.gov.in/
- First, register yourself and create an account
- Now you need to enter all the required details along with your mobile number
- Generate OTP. Now you need to register your mobile number with the OTP.
- Choose the MHADA lottery scheme for that you would like to apply
- Now fill all the details
- Upload all the required documents (in JPEG format)
- Submit and confirm the application
Do you want to buy an MHADA flat in resale?
Individuals who have purchased MHADA flats are permitted to sale their property after 5 years from the date of purchase. Someone needs to be careful before buying an MHADA flat in resale, as in most of the cases sellers offer power of attorney, but not the registered deed in the lock-in period. If anytime MHADA will conduct a surprise raid you’re accountable to be evicted.
Contact FinacBooks, if you need any professional assistance regarding buying an MHADA flat in resale. Our experts can help you in easy online registration process and guide you to get the right flat for you.
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