Mumbai: MHADA Lottery 2026 Offers 1,408 sq ft Flat At ₹2.53 Crore - Know Details
· Free Press Journal
The MHADA Lottery 2026 has brought a rare opportunity for homebuyers in Mumbai, with a standout apartment in Borivali priced significantly below prevailing market rates. Located in Magathane near the Western Express Highway, the 1,408 sq ft RERA carpet apartment, including a 134 sq ft balcony, is priced at ₹2.53 crore.
What makes the offering striking is its per square foot rate of under ₹18,000, nearly one third of nearby premium developments where prices exceed ₹50,000 per sq ft. For buyers looking at the Borivali market, this gap represents a substantial cost advantage in an otherwise expensive micro market.
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MHADA To Launch Mumbai Lottery With 2,500 Homes In Prime Locations Like Andheri, Juhu & Powai After 10 DaysRare Affordability in a High Demand Location
Borivali has seen steady real estate appreciation due to its connectivity, infrastructure and residential demand. Projects near the Western Express Highway command premium pricing, making MHADA’s offering particularly attractive for middle and upper income buyers seeking larger homes.
The flat’s size and location further enhance its appeal, especially at a time when spacious apartments in the western suburbs are increasingly unaffordable for many.
Wide Price Range Across Mumbai
The MHADA Lottery 2026 includes a total of 2,640 homes across Mumbai, catering to multiple income groups. The most expensive apartment is located in Tardeo, priced at ₹6.82 crore, while the most affordable unit in Mankhurd is available for just over ₹29 lakh.
Several apartments fall within the ₹2 crore to ₹4 crore bracket, while smaller units in areas like Goregaon and Mankhurd start from around ₹30 lakh, offering options across budgets.
MHADA Announces 2,640-Flat Mumbai Lottery Across Income Groups, Online Process Starts March 30Homes Across Key Locations
The lottery covers 97 housing project locations, including Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai and Dadar. Authorities have stated that detailed location information and site visit contacts will be made available to applicants shortly.
As Mumbai’s property prices continue to rise, the MHADA lottery offers a limited but significant window for buyers to secure homes at comparatively lower rates in prime and emerging neighbourhoods.
To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/