MHADA Sells 64 Mumbai Flats Under FCFS Scheme

MHADA has sold 64 of 118 Mumbai apartments under its FCFS scheme, launched in February 2026. The remaining flats, primarily in the higher price bracket of ₹4–8 crore, remain unsold.

The Maharashtra Housing and Area Development Authority (MHADA) originally offered these units through multiple lottery schemes, but unsold apartments were later made available via a first-come, first-served (FCFS) scheme.

The flats span locations across Kandivali, Charkop, Shimpoli, Antop Hill, Wadala, Powai, Malad, Mankhurd, Ghatkopar, Vikhroli, Byculla, Tardeo, Lower Parel, Sion, Juhu, and Andheri.

Key Highlights

• MHADA sells 64 of 118 Mumbai apartments under FCFS scheme
• Flats priced from ₹31 lakh in Mankhurd to ₹8 crore in South Mumbai
• Over 70% of units priced below ₹2 crore for affordable housing segment

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More than 70% of the units are priced below ₹2 crore. MHADA’s website shows 40 flats under ₹1 crore, over 70 units below ₹2 crore, and 28 apartments ranging from ₹2 crore to ₹8 crore.

“We were able to sell 64 apartments under the FCFS scheme. The units sold were largely in the lower price brackets, while the unsold inventory is in the higher price range of ₹4 crore, ₹5 crore, and ₹8 crore. The most expensive apartment, priced at ₹8 crore in South Mumbai, also remains unsold," said Milind Borikar, CEO of MHADA's Mumbai Board.

“We will continue efforts to sell the remaining units under the FCFS scheme. However, these units will not be included in the upcoming lottery since they remained unsold earlier. Instead, we are working to sell them through the open market,” Borikar said.

The most expensive flat is at Crescent Tower, Tardeo, with a built-up area of 1,838 sq ft and carpet area of 1,532 sq ft, priced at ₹8 crore. Three other apartments in the same building are listed between ₹6.27–7.94 crore. Juhu apartments are priced from ₹3–5.50 crore, catering to premium buyers.

The most affordable unit is in PMGP Colony, Mankhurd, with a 247 sq ft built-up area and 225 sq ft carpet area, priced at ₹31.17 lakh. Other suburban apartments in Kandivali, Charkop, Wadala, Malad, and Byculla range from ₹35 lakh to ₹3 crore.

Also Read: MHADA to Launch Luxury Mumbai Flats Ahead of Diwali 2025

This scheme reflects MHADA’s efforts to address housing demand across Mumbai, providing options for both affordable and premium segments, while clearing inventory that remained unsold in prior lottery schemes.

Statistics, Data, and Insights

Statistics & Data:

• Total flats offered: 118; sold units: 64.
• 40 units priced below ₹1 crore; 70 units under ₹2 crore.
• High-end flats: 28 units priced ₹2–8 crore.
• Most expensive flat: Crescent Tower, Tardeo, ₹8 crore, 1,838 sq ft.
• Most affordable flat: PMGP Colony, Mankhurd, ₹31.17 lakh, 247 sq ft.

"The FCFS scheme allows us to provide quicker access to Mumbai’s housing stock and helps clear long-standing unsold inventory," said an MHADA official.

Additional Context:

• MHADA has been using lottery and FCFS schemes to distribute flats fairly across income segments.
• The authority aims to increase homeownership in Mumbai, where property prices are among India’s highest.
• Locations such as Tardeo, Juhu, Lower Parel appeal to premium buyers, while Kandivali, Charkop, Mankhurd serve middle-income residents.
• The scheme may influence other state housing authorities to adopt similar first-come allocation models.