MHADA - Maharashtra Housing and Area Development Authority Scheme

MHADA - Maharashtra Housing and Area Development Authority Scheme

MHADA Scheme 2019

The following are the number of flats allotted under the scheme in the year 2019

• Economically weaker section (EWS) applicants were allotted 63 flats
• 126 flats to low-income group (LIG) applicants
• 201 apartments to middle-income group (MIG) applicants
• 194 units to high-income group (HIG) applicants.

MHADA Scheme 2020

Individuals that find it difficult in financing a home purchase can apply for the MHADA lottery 2020. Houses built under the scheme are newly developed and may offer better amenities compared to other options available in the market. A report highlighted that out of  9,000 homes listed under the MHADA scheme, 10% of flats were lying vacant. As many units are set aside for the Pradhan Mantri Awas Yojana (PMAY), but the number of applicants availing the scheme is very low. Hence, it is a good idea to apply through Pradhan Mantri Awas Yojana (PMAY) to avail hefty interest subsidy.

Eligibility for MHADA Lottery 2020

The authority governing the MHADA scheme has set a specific eligibility criterion that needs to be fulfilled to identify qualified beneficiaries.

• The applicant must be 18 years of age or above; any application in the name of a minor will not be considered valid.
• A domicile certificate of 15 years of the applicant in any part of Maharashtra.
• For Lower Income Group (LIG) applicant’s monthly income should range between Rs 25,001 and Rs 50,000.
• For a Middle Income Group (MIG) applicant’s monthly income should be between Rs 50,001 and Rs 75,000.
• For Higher Income Group (HIG) applicants must have a monthly income over Rs 75,000 per month.
• The MHADA applicant must have a PAN Card in his/her name.

Documents Required for MHADA Lottery 2020

The following are the documents required to apply for the MHADA lottery 2020 scheme:

• Aadhaar card
• PAN card
• Domicile certificate
• Voter ID card
• Passport
• Birth certificate
• School leaving certificate
• Driving license

Registration Process for MHADA Lottery Scheme

Applicants who are willing to apply for MHADA housing scheme 2020 can apply by themselves on the MHADA official site. Here is the step-by-step guide for MHADA registration.

Step 1: 

Go to the official website at https://lottery.mhada.gov.in/

Step 2:

Select the scheme board available and create a User Account for MHADA Lottery/login if you already have a username registered

Step 3:

Enter all the required details and submit the details. Fill in the OTP that you have received via SMS/EMAIL on your registered mobile number/email. Fill in your monthly income, PAN card number, contact, bank details and upload a scanned copy of your pan card along with passport size photographs 

Step 4:

Submit and confirm the MHADA scheme application and now proceed to pay the application fee.

Step 5:

The payment for the application fee can be done through DD (Demand Draft) or through debit card, credit card or NEFT/RTGS. For online payment, log in to your account and select the payment options. Finally, select the scheme you applied for and proceed with the payment.

Pricing of Houses under the MHADA Scheme

The government recently announced the results for MHADA lottery scheme 2020 to allow as many as 3,894 flats to be constructed. As per the latest information, MHADA will offer the residential property to the winners of the scheme in different configurations at different prices, ranging from Rs 15 lakh to Rs 6 crore. The government has set fixed costs for the units available under the MHADA lottery scheme. These are as follows.

The MHADA lottery scheme has been created primarily to provide a roof over head to the people and families of weaker sections of the society and all eligible applicants will be given the opportunity to get accommodation at affordable rates. Apart from government schemes, another great option is to apply for a Home Loan, you can get a loan of up to Rs.3.5 crore as a sanction to purchase, or build the house of your dreams. The online process for home loans is quick and easy with minimal paperwork requirements. You get nominal interest rate and a flexible tenor of up to 240 months and get access to additional benefits such as additional Home Loan Top Up of up to 50% of your sanctioned loan amount. Alongside the loan a financial health check report is also provided to keep track of your financial health, you also get a complementary health card that entails a host of offers and benefits.