MHADA Lists 118 Flats Under FCFS With Majority Below Rs 2 Crore

118 Flats Under FCFS Scheme

MHADA has introduced 118 flats under its First Come First Served housing scheme, offering a mix of price points across locations. The initiative reflects continued efforts to make inventory available to eligible buyers without a lottery-based allocation process.

Majority Units Priced Below Rs 2 Crore

More than 70% of the available flats are priced below Rs 2 crore, positioning the scheme within the upper affordable to mid segment bracket of Mumbai’s housing market. This pricing band supports broader accessibility for eligible homebuyers compared to premium private developments.

South Mumbai Premium Offering

Among the listed inventory, the costliest unit is priced at Rs 8 crore and is located in South Mumbai. This indicates that the scheme also includes high-value residential units in prime micro markets, catering to varied buyer segments.

FCFS Allocation Mechanism

Unlike lottery-based systems, the FCFS format allows applicants to secure flats on a priority basis, subject to eligibility and payment conditions. The model promotes faster inventory absorption and streamlined allocation.

Market Context In Mumbai

With private sector residential prices rising in key parts of Mumbai, government-backed schemes offer alternative supply channels. The current offering reinforces public housing participation in premium urban markets.

Location Driven Demand Patterns

Demand under such schemes typically varies based on micro market appeal, connectivity, and pricing. Units in central and South Mumbai are likely to attract attention due to limited supply and strong location value.

Affordable Versus Premium Mix

The presence of both sub Rs 2 crore units and higher-priced flats reflects diversified inventory planning. This approach supports multi-segment buyer participation within the same scheme framework.

Implications For Buyers

Eligible applicants benefit from transparent pricing and structured allocation norms. The scheme offers regulated housing acquisition opportunities in one of India’s most expensive property markets.

Conclusion

MHADA’s FCFS scheme, with over 70% of 118 flats priced below Rs 2 crore and a top-priced Rs 8 crore unit in South Mumbai, highlights a structured approach to inventory distribution across segments. The initiative underscores continued state-level intervention in Mumbai’s housing supply.

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