MHADA Sells Almost Half of 118 Apartments Under FCFS Scheme
The Maharashtra Housing and Area Development Authority (MHADA) has seen significant success with its first-come, first-served (FCFS) scheme, with nearly half of the 118 apartments sold.
The remaining 64 units are largely in the higher price bracket of ₹4 crore to ₹8 crore and are yet to be sold.
Locations of Apartments on Sale
- Kandivali
- Charkop
- Shimpoli
- Antop Hill
- Wadala
- Powai
- Malad
- Mankhurd
- Ghatkopar
- Vikhroli
- Byculla
- Tardeo
- Lower Parel
- Sion
- Juhu
- Andheri
Most Expensive Apartment
The most expensive apartment put up for sale by MHADA is located at Crescent Tower in Tardeo, South Mumbai. It has a built-up area of approximately 1,838 sq ft (170.76 sq m) and a carpet area of around 1,532 sq ft (142.3 sq m).
Additionally, the MHADA has listed three more apartments in the same building priced between ₹6.27 crore and ₹7.94 crore.
Affordable Apartment Option
The most affordable apartment offered by the MHADA is located in PMGP Colony, Mankhurd. The unit has a built-up area of around 247 sq ft (23 sq m) and a carpet area of approximately 225 sq ft (20.91 sq m) and is priced at ₹31.17 lakh.
Other affordable options are available across locations such as Kandivali, Charkop, Wadala, Malad, and Byculla, with prices ranging from ₹35 lakh to ₹3 crore.
Future Plans
According to MHADA, the remaining unsold units will be sold through the open market and not included in the upcoming lottery since they remained unsold earlier.