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developing homes for lower and middle-income group houses across the state. In
capital Mumbai, the MHADA has been developing affordable housing units in the
suburban areas under the Pradhan Mantri Aawas Yojna. The organisation is also
responsible for redevelopment of Chawls of the city.
The flats sold under the MHADA scheme are received well due to affordable costs.
However, this year the cost has been more due to prominence of localities such
as Lower Parel and Powai.
The MHADA rolls out schemes and conducts a lottery to allot flats. The housing
scheme is announced every year where the applicant has to submit their application
within the stipulated time, along with the earnest money deposit. However, an applicant
should have fulfilled eligibility criteria for applying in the scheme. Also, buyers should
know that there is a lock-in period for five years for the buyers during which they
cannot sell the flat but can rent it out to earn rental income.
Eligibility criteria
Those who own flats MHADA flats are allowed to sell their units only after five years
from the date of purchase. However, one needs to be cautious if one is buying a flat in
resale. This is because usually sellers offer power of attorney of the property and not the
registered deed to sell it during the lock-in period. Sale through the power of attorney is
deemed illegal, and if the MHADA conducts a surprise raid, you are liable to be evicted.
Here is the process you have to follow to buy MHADA flat in resale: