Mumbai MHADA Lottery 2026 has reduced prices by 7.5 percent for 1221 apartments out of 2640 homes on offer in Mumbai real estate market effectively lowering prices for 46 percent of inventory. Price cuts apply to units in Kanamwar Nagar and Vikhroli East both areas of Mumbai. This is verified by Hindustan Times at https://www.hindustantimes.com/real-estate/mhada-lottery-2026-prices-cut-by-7-5-on-1-221-of-2-640-affordable-homes-on-sale-in-mumbai-101777611477958.html Keywords included are mhada lottery 2026 price cut 7.5 percent and 1221 homes and 2640 homes mumbai.
Following revision prices for 480 units in Building No 2 at Kanamwar Nagar have been lowered from Rs 1.45 to 1.47 crore to Rs 1.34 to 1.36 crore. For Building No 3 in same locality prices of 741 units have been revised from Rs 1.45 to 1.48 crore to Rs 1.34 to 1.37 crore MHADA said in statement. Each tenement in this project will be provided with one car parking space free of cost and applicants are encouraged to take advantage.
Costliest apartment of MHADA lottery 2026 is in Tardeo area of South Mumbai priced at Rs 6.82 crore in High Income Group. Most affordable house is in Mankhurd for Economic Weaker Section priced at over Rs 29 lakh verified by Hindustan Times. There are 4 apartments in above Rs 6 crore price range 2 of which are in Cressent Tower Tardeo first measures 1520 sq ft priced at Rs 6.77 crore second measures 1838 sq ft priced at Rs 6.82 crore.
Application details. In March 2026 MHADA announced lottery for 2640 affordable homes in Mumbai real estate market. Of total 1762 apartments or around 66 percent are under construction according to data accessed from MHADA website. MHADA lottery 2026 has apartments for sale across areas such as Vikhroli Goregaon Borivali Gorai Chembur Bandra Ghatkopar Wadala Powai and Dadar among others. Online applications can be submitted up to 11 59 PM on 14 May 2026 and earnest money deposit can be paid online till 11 59 PM on 15 May 2026. Provisional list will be published on 22 May 2026 at 3 PM on MHADA official website at https://housing.mhada.gov.in Final list on 29 May 2026 and computerized lottery draw on 5 June 2026.
Why applications dropped. MHADA lottery 2026 for 2640 affordable homes received 65082 applications marking decline from previous two lotteries which each attracted over 1 lakh applications verified by Hindustan Times. Reason is 66 percent under construction and location next to Kanjurmarg landfill in some buildings. Price cut and free parking is to encourage buyers.
Impact for you. For buyers this is chance to get affordable home in Mumbai with price cut and free parking. Vikhroli Kanamwar Nagar location is well connected. Check MHADA official portal before applying. For investors MHADA resale after 5 years gives good appreciation. For sellers of resale in Vikhroli price cut may affect short term price but long term demand high. You can list your resale flat with video on Listifyi Mumbai at https://listifyi.com/mumbai Keywords mhada lottery mumbai 2026 and free car parking mhada and vikhroli kanamwar nagar are included.
Conclusion. Price cut of 7.5 percent on 1221 homes shows MHADA listening to market. With free parking and lower price lottery becomes attractive. Apply before deadline and verify documents. All data verified by Hindustan Times MHADA Lottery 2026 article.