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Updated on: Sunday, September 26, 2021, 11:23 PM IST

Konkan board lottery: MHADA receives over 1.70 lakh applications

8,984 houses will be sold in Mira Road, Virar, Navi Mumbai, Thane, Kalyan and Sindhudurg
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The Maharashtra Housing and Area Development Authority (MHADA) received an overwhelming response to its biggest lottery under the Konkan board. Over 1.70 lakh applicants paid the earnest money deposit (EMD) and booked their slot for the lottery draw, which will be held on October 14.

8,984 houses will be sold in Mira Road, Virar, Navi Mumbai, Thane, Kalyan and Sindhudurg. So far, 2.14 lakh people have applied and 1.55 lakh people have registered. The last date to apply is September 30 till 11:59pm.

MHADA’s last Konkan board lottery was held in 2018, for which it received 56,000 applications. Unlike the last time, the ongoing lottery is essentially for affordable homes costing as low as Rs 13 lakh. In this lottery, 6,170 houses are available under the Pradhan Mantri Awas Yojana, wherein winners can also avail the Credit Linked Subsidy Scheme (PMAY-CLSS). Home buyers can get a subsidy of up to Rs 2.67 lakh credited into their loan account.

These lottery houses have been divided into categories comprising the economically weaker section, and lower, middle and higher income groups, as per the monthly salary of interested buyers. Applicants with a monthly income under Rs 25,000 can apply for EWS houses by paying Rs 5,000 as deposit. For LIG houses, the monthly income should be between Rs 25,000 and Rs 50,000, with a deposit of Rs 10,000. MIG buyers should have a monthly income above Rs 50,000 and need to make a deposit of Rs 15,000. HIG buyers should earn above Rs 75,000 per month and make a deposit of Rs 20,000.

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Published on: Sunday, September 26, 2021, 11:23 PM IST
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