|MHADA Flats are offered for sale through a lottery system that is announced through advertisement from time to time. For the past three years, we have seen three lottery schemes every year in a row that followed the allotments of a large number of LIG, MIG and HIG flats in Mumbai. It is estimated that over 8,000 flats have been allotted through lottery results of 2009 and 2010 under various categories. This year also we will see a housing scheme sometime in the middle of 2011. Moreover, it has now become possible to apply online using the Internet facility from your home or from any cybercafé.
MHADA Flats for Sale
The new lottery scheme is announced in the month of April, 2011 for the sale of the nearly 4,000 flats located in areas like Ghatkopar, Malwani, Vikhroli, Versova, Borivali and Sion. The application forms will start selling from April 27 and one can submit the completed form till May 16, 2011. It is not Saraswat Bank this time, but the branches of Axis Bank that are located in Mumbai, Navi Mumbai and Thane that are given the responsibility to sell and receive the forms. Those wishing to apply online should fill the form on the Web and get a print out of the same. Then they should sign the completed form and submit the same to any nearby branch of Axis Bank.
The prices of MHADA flats have gone up significantly this time. Here is a revised price list for all categories:
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MHADA Flats for Resale
The usual way to get a MHADA flat allotted in your name is to be into the system of a lottery provided you are lucky enough to find a place in the lottery draw result of the same. But occasionally, you can find an opportunity to own a MHADA flat through a resale procedure. Legally speaking, a flat of such kind can be sold after it has been allotted to a winner of the lottery and the allottee continues to live in that for at least five years. Any flat allotted by Mumbai Housing and Area Development Board is open for a resale after a period of five years.
We at indipropertyhut.in open an online window for the buy and sale of such flats. If you are an owner you can post your property here for free, which will be listed for a period of two months on our website. If you are a buyer and want to buy a MHADA flat, you can search through our listings to find residential properties for resale anywhere in Mumbai and also in cities like Pune, Nagpur, Thane, Navi Mumbai and Nashik. One needs to pay 2 percent stamp duty and 1% registration charges apart from the quoted prices of the properties during the transfer process.
MHADA Flats on Rent
MHADA Flats on Rent, although appears to be not in tune with the policies and regulations of the Maharashtra Housing and Area Development Authority, are a common phenomena at certain locations. One can find such flats on rent by contacting the legal owners. The rent charges and other formalities vary according to the locations and the mutual agreement between the tenants and the owners.
Use our website India Property Hut to search for free MHADA flats for sale, resale or rent in locations like Andheri, Andheri West, Pratiksha Nagar, Versova, Powai, Borivali, Borivali West, Bandra, Chandivali, Central Mumbai, Malad, Goregaon, Ghatkopar, Bandra East, Jogeshwari, Lokhandwala, Lower Parel, Mankhurd, Malwani, Navi Mumbai, Near Tilak Nagar St., Oshiwara, Tilak Nagar Chembur, Vikhroli and Sion. Owners are invited to post their residential properties for free.
Last Updated On: 2012/03/06