LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Want to Own a MHADA Flat in South Mumbai? You May Have to Shell Out Rs 5.8 Crore

The last date for application is December 10 and the draw will be held at the MHADA headquarters in Bandra (E).

News18.com

Updated:November 5, 2018, 2:50 PM IST
facebookTwittergoogleskypewhatsapp
Want to Own a MHADA Flat in South Mumbai? You May Have to Shell Out Rs 5.8 Crore
Representative image/ Reuters
Loading...
Mumbai: Maharashtra Housing and Area Development Authority(MHADA)’s most expensive flat so far, which is located in the posh Cumballa Hill locality, is set to be auctioned at its next lottery on December 16.

A total of 1,384 homes will be available at the lottery, said the state housing board in a Times of India report. While the high-income group category flat costs Rs 5.8 crore, the cheapest apartments are in Chandivli as the prices start from Rs 14.6 lakh.

The last date for application is December 10 and the draw will be held at the MHADA headquarters in Bandra (E).

While those earning a monthly income of Rs 25,001-50,000 can apply in the low-income group (LIG) category, middle-income group (MIG) buyers are classified from Rs 50,001-75,000. Those earning over this limit are eligible to purchase high-income group (HIG) flats.

Keeping with the trend started by private builders, the authority does not cite the area of flats by square feet, making it difficult for buyers to compare costs.

There are 63 flats up for lottery in the EWS category, 126 in LIG, 201 in MIG and 194 in the HIG segment. The locations vary from Antop Hill, Pratiksha Nagar, Sion, Gavhanpada Mulund, Mankhurd, Siddharth Nagar in Goregaon West, Mahavir Nagar in Kandivli West, and Tunga Powai. The rest of the 137 flats are in varied locations across Mumbai.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,238.75 4.59
Sun Pharma 397.20 1.65
Kotak Mahindra 1,262.50 1.80
Larsen 1,317.90 0.00
HDFC Bank 2,152.00 1.02
Company Price Change %Gain
Reliance 1,236.00 4.48
ICICI Bank 371.85 -0.01
Sun Pharma 397.30 1.68
Kotak Mahindra 1,262.45 2.03
Yes Bank 193.85 -2.22
Top Gainers
Company Price Change %Gain
Reliance 1,238.75 4.59
Bajaj Finance 2,603.60 2.39
Bajaj Finserv 6,393.60 2.30
Kotak Mahindra 1,263.00 1.84
Infosys 745.00 1.92
Company Price Change %Gain
Reliance 1,236.00 4.48
Bajaj Finance 2,603.90 2.48
Kotak Mahindra 1,262.45 2.03
Sun Pharma 397.30 1.68
Infosys 743.25 1.68
Top Losers
Company Price Change %Gain
Hero Motocorp 2,792.75 -3.66
Yes Bank 194.00 -2.32
Maruti Suzuki 7,191.45 -2.26
Wipro 339.40 -1.95
Bharti Infratel 274.25 -1.37
Company Price Change %Gain
Hero Motocorp 2,794.15 -3.42
Yes Bank 193.80 -2.24
Maruti Suzuki 7,191.00 -2.21
Tata Motors 180.80 -1.26
Bajaj Auto 2,694.90 -0.80

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results