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Mumbai MHADA Lottery Faces Setback As Costly Flats Fail To Attract Buyers; 54 Homes Still Unsold

· Free Press Journal

The Mumbai Board of MHADA is grappling with a slow response to its premium housing stock, with several flats priced above one crore still lying unsold. Accoordig to Loksatta, in a bid to address the issue, the board introduced a first come, first served scheme, hoping to speed up sales. However, the response to these high value homes has remained lukewarm.

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Even after two weeks of launching the scheme, 54 out of 118 flats remain unsold. So far, only 64 units have found buyers, raising concerns within the board.

MHADA To Launch Mumbai Lottery With 2,500 Homes In Prime Locations Like Andheri, Juhu & Powai After 10 Days

Gap Between Pricing and Affordability

MHADA lotteries have traditionally seen strong participation, but in recent years, rising property prices have changed the landscape. The cost of many homes has climbed beyond what eligible income groups can comfortably afford.

Officials point to a widening gap between income limits and property prices as a key reason behind the poor response. As a result, even interested applicants are unable to proceed with purchases, leaving several units unsold.

Dreaming Of Your Very Own House In Mumbai? MHADA Opens Online Applications For 118 Flats On First-Come-First-Serve Basis From Today; Check Details

Past Trends Reflect Ongoing Issue

The problem is not new. In 2023, seven flats in a Tardeo tower were priced as high as seven and a half crore. Despite subsequent price adjustments, these units failed to attract buyers.

Currently, similar trends are being seen across locations such as Juhu, Powai, Byculla, and Tardeo, where homes priced between one and eight crore are struggling to find takers. This has also impacted the board’s revenue flow.

Affordable Units See Quick Demand

In contrast, relatively affordable homes have seen strong interest. Flats priced around Rs 42 lakh in Wadala were snapped up within minutes on the first day of the scheme. This sharp contrast highlights the price sensitivity of buyers in the city.

While some applications have been received for higher value properties, conversions remain uncertain until full payments are made.

Mumbai: MHADA To Roll Out 5,000 Affordable Homes In Upcoming Lottery, Possession By 2027–29

Board Faces Growing Pressure

With dozens of flats still unsold, the Mumbai Board is under pressure to rethink its pricing and strategy. The hope that relaxed eligibility norms would boost sales has not fully materialised.

The situation underlines a larger concern in Mumbai’s housing sector, where even government backed housing schemes are struggling to bridge the gap between supply and affordability.

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Cards Sweet Sixteen Bound With 69-68 Win Over Alabama

· Yahoo Sports

Most of Louisville’s losses this season were by just a few points so the question loomed could they finally finish when it counted. Today they proved that they could at the most important time and earned themselves a trip to the Sweet Sixteen.

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Elif Istanbulluoglu led the Cards with a double-double of 18 points and 11 rebounds. Tajianna Roberts also had 18 points and 4 assists. Laura Ziegler stepped up big at both ends of the floor and had 12 points, 8 rebounds, and 2 blocked shots. Coach Walz said, “What a basketball game by Taj, E and Laura, the three here. Just really proud of them. And then Mac, [Mackenly Randolph] seven offensive boards again. Just absolutely an unbelievable effort. Just excited to still be playing with this group.”

After her final game in the Yum Center Laura said, “Transferring is difficult; you want to get it right. I had one last time, and I think I got so focused on trying to find a perfect match, which is difficult, but I think…. I ended up in the right place in my last year. I’ve learned so much this year. I’ve grown so much. I’ve had all the right people around me to do so. So I’m just extremely grateful for all my four years, but this year it’s been amazing.“

Coach Walz talked about having Laura as a transfer, “We’re all grateful. Believe me it’s been some ups and downs, but if you’re trying to coach someone and help them reach the goals that they want to reach, it’s not always just smiles and hugs. Sometimes you have to challenge them, and Laura, I can’t say she wanted me to all the time, but I think we both have grown a ton. I’ve got a tremendous amount of respect for her, not just the way she plays the game but the work she has put into it and then the growth that she’s made because she’s going to have an opportunity to have a career after this.”

Tajianna said, “I think this is my first time going to the Sweet 16, all of our first times, so I think the feeling of, we’re still dancing, we’re still playing basketball, it’s a great feeling. I think it’s just so special, and for us to do it in front of such a great fan base, I think that was amazing, as well.”

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Kawhi Leonard listed as questionable against Milwaukee

· Yahoo Sports

Joey Linn: Kawhi Leonard is questionable tomorrow against Milwaukee with a left ankle sprain. John Collins also appears on the injury report with a left ankle sprain, but is probable to play.

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This article originally appeared on Hoops Hype: Kawhi Leonard listed as questionable against Milwaukee

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