MHADA Mumbai FCFS Scheme: Over 70% of 118 Flats Priced Below ₹2 Crore

The Maharashtra Housing and Area Development Authority (MHADA) has officially opened the registration for 118 apartments in Mumbai under its unique First-Come, First-Served (FCFS) scheme. This inventory is highly attractive to middle-income earners as over 70% of these ready-to-move units are priced below ₹2 crore. With options ranging from an entry-level ₹31 lakh flat in Mankhurd to a premium ₹8 crore residence in Tardeo, the scheme allows eligible Indian citizens to bypass the traditional lottery uncertainty and book homes directly through the Book My Home portal.

Latest Update

• MHADA has released 118 previously unsold lottery flats under the First Come First Served model across multiple Mumbai locations. The majority of these units are priced in the affordable and mid-segment categories.
• Around 40 apartments are priced below ₹1 crore, making them attractive for first-time buyers. Over 70 units fall under ₹2 crore, which reflects the dominant demand band in Mumbai.
• The costliest flat is priced at over ₹8 crore in South Mumbai, while the most affordable unit is available at approximately ₹31 lakh in Mankhurd.
• Buyers must complete online registration and pay 10 percent of the flat cost within 48 hours of selection to confirm booking.

What are the key pricing details of the 118 MHADA flats?

The pricing for the 118 flats under the First-Come, First-Served scheme is strategically spread across various economic segments to maximize reach. According to the official price bifurcation, 40 apartments are available for less than ₹1 crore, providing a rare opportunity for low-income buyers in Mumbai. Over 70 units are priced within the ₹2 crore bracket, which is the high demand segment for middle-income families. For those looking at the luxury segment, 28 units are listed between ₹2 crore and ₹8 crore.

This pricing structure is particularly significant because it reflects the ground reality of the Mumbai real estate market. Historically, the vast majority of residential registrations in the city occur in the sub ₹2 crore category. By offering a high volume of homes at these rates, the authority is catering to the “sweet spot” of the city’s housing demand.

The diversity of the inventory ensures that there is a home for almost every budget. Whether you are looking for a small starter home in the suburbs or a large luxury apartment in the island city, the FCFS scheme provides a transparent and government-backed alternative to private developments.

Price Range and Inventory Breakdown

Where are the most affordable and expensive MHADA units located?

The most budget-friendly apartment in the current offering is located in PMGP Colony, Mankhurd, priced at approximately ₹31.17 lakh. This unit features a carpet area of roughly 225 square feet and requires an Earnest Money Deposit (EMD) of ₹1 lakh. On the premium end, the most expensive apartment is a luxury flat in Crescent Tower, Tardeo, priced at roughly ₹8 crore with a carpet area of 1,532 square feet and an EMD of ₹6 lakh.

The Mankhurd flat represents an essential entry point for individuals who have been priced out of the city’s private real estate market. While the unit is compact, it offers the security of a clear government title and ready to move status. This is a critical asset for first-time buyers in the eastern suburbs.

In contrast, the Tardeo property competes with luxury private high rises in one of India’s most expensive zip codes. With only two tenements available in this high-value category, it serves as a showcase for the authority’s ability to offer premium housing alongside affordable units. Additional luxury units are also available in Juhu, with prices ranging from ₹3 crore to ₹5.50 crore.

Comparison of Most Affordable vs. Most Expensive Unit

What are the details of the costliest ₹8 crore apartment?

The most expensive apartment is located in Crescent Tower in Tardeo, South Mumbai. It has a built-up area of around 1,838 sq ft and a carpet area of approximately 1,532 sq ft. The listed price is above ₹8 crore, and the earnest money deposit is ₹6 lakh.

Only two such premium units are available in this category. Additionally, three more apartments in the same building are priced between ₹6.27 crore and ₹7.94 crore.

Premium Segment Snapshot

These apartments cater to buyers seeking large carpet areas and prime South Mumbai addresses.

What makes the ₹31 lakh flat in Mankhurd significant?

The most affordable unit is located in PMGP Colony, Mankhurd. It has a built-up area of around 247 sq ft and a carpet area of approximately 225 sq ft. The price is about ₹31.17 lakh, with an earnest money deposit of ₹1 lakh.

Only one tenement is available in this price category. Despite its compact size, it offers a legal and government-backed housing opportunity within Mumbai city limits.

Affordable Housing Snapshot

Other affordable units between ₹35 lakh and ₹3 crore are available in Kandivali, Wadala, Malad, and Byculla.

Which locations are included in the MHADA FCFS inventory?

The 118 flats are distributed across a wide geographical area, ensuring that buyers can find homes close to their respective workplaces. The inventory includes prime South Mumbai spots like Tardeo, Lower Parel, and Byculla, as well as suburban residential hubs like Juhu, Andheri, and Kandivali. Central and Eastern Mumbai locations like Wadala, Powai, and Vikhroli are also prominently featured in the list.

The inclusion of high-demand areas like Juhu and Powai is expected to draw significant interest from corporate professionals. These locations are usually out of reach for many due to the high premiums charged by private developers. Through the FCFS scheme, these units become accessible at regulated prices.

The authority has also listed apartments in several established neighborhoods known for their strong infrastructure and connectivity. Areas like Charkop and Shimpoli in Kandivali are particularly popular among middle-income families due to their proximity to the metro and railway networks.

• South Mumbai: Tardeo, Lower Parel, Byculla, Sion.
• Western Suburbs: Juhu, Andheri, Malad, Kandivali, Charkop, Shimpoli.
• Central & Eastern Mumbai: Wadala, Antop Hill, Powai, Ghatkopar, Vikhroli, Mankhurd.

Key Takeaways

• Massive Availability: 118 apartments are available across prime Mumbai locations.
• Pricing Advantage: More than 70 percent of units are priced below ₹2 crore.
• Budget Diversity: Prices range from a low of ₹31 lakh to a high of ₹8 crore.
• Speed Matters: Bookings are direct and finalized on a first-come basis starting March 4.
• Financial Strictness: A 10 percent payment must be made within 48 hours of selecting a flat.
• Official Portal: All bookings happen exclusively on the bookmyhome.mhada.gov.in website.

Conclusion
The latest MHADA update highlights a clear affordability focus in Mumbai’s housing supply. With over 70 percent of 118 flats priced below ₹2 crore, the First Come First Served scheme directly targets the city’s dominant demand segment. From a ₹31 lakh compact home in Mankhurd to premium apartments above ₹8 crore in Tardeo, the offering spans multiple income categories. For buyers who are financially prepared and ready to act quickly, this scheme presents a practical opportunity to secure a government-backed home in Mumbai’s competitive real estate market.