The Maharashtra Housing and Area Development Authority (MHADA) offers an affordable housing scheme for low and middle-income groups across the state. For the year 2019, MHADA offered 217 flats in Mumbai, priced between Rs. 31-39 lakhs, on an average. For these properties, it received more than 60,000 applications.
Interested in purchasing a house in Mumbai as part of the MHADA scheme? Here’s a step-by-step guide on how one can apply.
- The applicant must be over 18 years of age. The scheme cannot be availed in a child’s name.
- You can apply for Lower Income Group (LIG) flats if you have a monthly income between Rs. 25,001 and Rs. 50,000.
- You can apply for Middle Income Group (MIG) flats if you have a monthly income between Rs. 50,001 and Rs. 75,000.
- You can apply for High Income Group (HIG) flats if you have a monthly income above Rs. 75,000.
- You must not own a house under MHADA already, and neither should your spouses or children.
- You must have been a resident for Maharashtra for at least 15 years.
- You must own requisite identity proofs and documents.
- Aadhar card
- PAN card
- Domicile certificate
- School leaving certificate
- Driving license
- Voter ID card
- Birth certificate
Additional Read: What is MHADA Scheme in Mumbai? How Does it Benefit Home Buyers?
The price of a flat depends on the category it belongs to. EWS houses cost under Rs. 20 lakhs, LIG houses cost between Rs. 20-30 lakhs, MIG houses range from Rs. 35-60 lakhs, and HIG flats go from Rs. 60 lakhs to a few crores.
Applying for Mumbai MHADA Online
Step 1: Visit the official website of MHADA, where you can find the online application form.
Step 2: Register by creating a username and filling out your details.
Step 3: Verify your mobile number by entering the code you receive.
Step 4: Once your number is verified, log into the online portal.
Step 5: Select the scheme you want to apply for and fill in your details like income, applicant type, scheme code, etc.
Step 6: Pay the application fee by demand draft, debit or credit card, or net banking.
Step 7: Check the winners of the lottery once they are announced on the official MHADA website.
Step 8: If you are not selected, you will have your money refunded to your bank account.
Additional Read: Buying a House? Make Sure to Follow this Home Buying Guide!
Because the MHADA scheme is essentially a lottery that attracts an incredibly high number of applicants, there is only a slim chance of winning a flat. Even if you are not selected under MHADA, you can still buy a house with affordable housing finance options.
Tata Capital’s home loans offer the most flexible home loan eligibility criteria and repayment options. Our home loan interest rates start at just 9.25% and the home loan amount goes from Rs. 2 lakhs right up to Rs. 5 crores. With a Tata Capital home loan, you never have to wait to own your dream house – apply for one today!