The Maharashtra Housing and Area Development Authority (MHADA) will sell 5,990 affordable homes in Pune in February 2023. Around 2,908 of the 5,990 houses will be auctioned on a first-come, first-served basis, with the remaining being distributed through a lottery conducted by MHADA Pune Board. The results of the lottery will be announced on February 17, 2023.
The 5,990 properties have been categorised under the Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), based on income bracket, unit size, and price.
Each flat has a unit size ranging from 300 square feet to more than 600 square feet, and depending on the location, the price ranges from Rs 13 lakh to more than Rs 60 lakh.
This lottery will be the first to be done entirely online, according to MHADA officials. The administration also launched a mobile App in this regard last week to allow people to register and submit applications for the lottery system.
For people who live in the metropolitan areas of Mumbai, Pune, and Nagpur, the income threshold for the EWS category is Rs 6 lakh, while for the rest of the state, it is Rs 4.5 lakh. Likewise, the income threshold for the LIG category is Rs 9 lakh and Rs 7.5 lakh, respectively. The MIG category has a state-wide slab of Rs 12 lakh per year, while the HIG category has a slab of beyond Rs 12 lakh per year.
MHADA is also planning to sell more than 4,000 affordable apartments in Mumbai through lottery after a span of almost four years. The announcement is likely to be made this month, and the drawing is expected in February 2023.
More than half of these residences are anticipated to belong to the economically disadvantaged population, i.e., the EWS category.
The Maharashtra state government formed MHADA in 1977 in order to provide homes in Mumbai and other areas across the state at reasonable prices. As of November 2021, MHADA has built 485,151 tenements since its founding, according to information from the Maharashtra Economic Survey of 2021–22, which was presented to the state assembly in March 2022.