Mumbai: Mhada lottery to be out after Lok Sabha results

The lottery for 238 homes with 108 commercial blocks in Mumbai will be announced on June 2.

MHADA to declare lottery for 6,000 houses before LS poll

There will be 238 homes from the Mumbai Board.

Prakash mehta, housing minister, announced the construction of five lakh homes in the MMR region.

Mhada received a considerably higher number of applications this year since the housing authority had slashed the prices.

The lottery results will be out on December 16.

This is the highest ever charged by the housing body in the history of the Mumbai lottery.

Besides the houses, 108 commercial galas will also be up for lottery.

Mumbai board lottery had been delayed since May 2018, as the authority didn’t have enough houses to sell.

This year, Mhada’s Konkan lottery board had announced lottery for 9,018 houses.

The lottery winners can apply for a loan with HUDCO and repayment of the loan should be made in 25 years.