MHADA Offers 120 Ready Flats in Mumbai Under First-Come-First-Served Scheme: What Homebuyers Should Know

MHADA Offers 120 Ready Flats in Mumbai Under First-Come-First-Served Scheme

MHADA has opened applications for 120 ready residential flats in Mumbai under a First-Come-First-Served (FCFS) sale mechanism. This scheme allows eligible buyers to directly select and book a flat online, without waiting for lottery results.

For homebuyers who are financially prepared and document-ready, this can be one of the fastest ways to secure a government-backed home in established Mumbai neighbourhoods. However, the FCFS model also comes with strict timelines and zero margin for delay, making it important to understand the process in detail before applying.

This guide explains everything a homebuyer needs to know — from how the scheme works to who should (and shouldn’t) consider it.

What Is MHADA’s First-Come-First-Served Scheme?

Unlike MHADA’s traditional lottery system, the FCFS scheme does not involve random allotment. Flats are allotted purely based on who completes the application and payment steps first.

Key characteristics of the FCFS model:

• Live inventory is displayed online

  
  

• Flat selection is immediate

  
  

• Payment deadlines are fixed and automated

  
  

• Missed timelines result in cancellation without exceptions

  
  

Once a flat is booked by one applicant, it is instantly removed from the system.

Why Are These 120 Flats Being Offered Now?

The flats released under this scheme are unsold units from previous MHADA housing lotteries. Such inventory typically remains unallotted due to factors like:

• Buyer dropouts

  
  

• Payment failures

  
  

• Location or unit-specific preferences

  
  

Instead of rolling them into new lotteries, MHADA clears this inventory through FCFS sales, allowing quicker monetisation and faster home ownership for buyers.

Locations Where Flats Are Available

The 120 flats are spread across multiple parts of Mumbai, covering western suburbs, central suburbs, harbour areas, and select city locations. These include:

• Kandivali, Charkop, Malad, Andheri

  
  

• Powai, Ghatkopar, Vikhroli

  
  

• Antop Hill, Wadala, Sion

  
  

• Byculla, Tardeo, Lower Parel

  
  

• Mankhurd and Juhu

  
  

Availability varies significantly by location, and some micro-markets may have only a limited number of units.

Who Is Eligible to Apply?

To apply under the FCFS scheme, buyers must meet MHADA’s eligibility conditions:

• Indian citizenship

  
  

• Minimum age of 18 years

  
  

• Valid Aadhaar and PAN

  
  

• Compliance with MHADA income category norms (depending on flat type)

  
  

Special Situations

• Married applicants must submit documents of both spouses

  
  

• Divorced applicants must upload court-issued decrees

  
  

• Loan applicants must arrange documentation before final allotment

  
  

Applications with incomplete or incorrect documents are rejected, even after payment.

Step-by-Step Application Process

1. Online Registration

Applicants must register and complete KYC on MHADA’s official housing portal.

2. View Available Flats

Once booking opens, buyers can view:

• Location

  
  

• Carpet area

  
  

• Floor details

  
  

• Price and category

  
  

Inventory updates in real time.

3. Flat Selection

Selecting a flat temporarily blocks it, but does not confirm allotment until payment is made.

4. Payment of 10% Amount

• 10% of the flat cost must be paid within 48 hours

  
  

• Failure leads to automatic cancellation

  
  

• The flat is released back into the pool

  
  

5. Provisional Offer Letter

MHADA issues a temporary online offer letter after successful payment.

6. Balance Payment

The remaining amount must be paid within MHADA’s prescribed period. Delays may attract interest charges.

Buying With a Home Loan: What Changes?

MHADA allows home loan purchases, but buyers must be prepared in advance.

• A bank pre-sanction letter must be uploaded

  
  

• MHADA issues an NOC in favour of the lender

  
  

• Loan disbursement must align with MHADA’s payment deadlines

  
  

Delays by banks are not treated as valid reasons for missing timelines.

Total Cost: What Buyers Should Budget For

Beyond the flat price, buyers should factor in:

• Stamp duty and registration charges

  
  

• GST (if applicable)

  
  

• Maintenance and service deposits

  
  

• Society formation charges

  
  

• Loan processing and legal fees

  
  

While MHADA flats are usually priced below market rates, the total outflow is often higher than the headline price suggests.

Common Mistakes Homebuyers Make

Buyers often lose FCFS flats due to:

• Waiting to arrange funds after selecting a flat

  
  

• Assuming banks will handle timelines

  
  

• Uploading incomplete documents

  
  

• Not checking building age or condition

  
  

• Treating FCFS like a lottery (it is not)

  
  

The FCFS system rewards speed and preparation, not intent.

Who Should Consider This Scheme?

This opportunity is best suited for buyers who:

• Want transparent, government-backed pricing

  
  

• Are comfortable with basic amenities

  
  

• Can act quickly with funds and documents

  
  

• Plan long-term self-occupation

  
  

It may not suit buyers seeking:

• Luxury features

  
  

• Flexible payment schedules

  
  

• Brand-new private developments

  
  

Long-Term Value & Resale Perspective

MHADA homes typically offer:

• Stable resale demand

  
  

• Lower downside risk

  
  

• Predictable redevelopment frameworks

  
  

However, appreciation depends heavily on the specific location, building condition, and future infrastructure developments.

Final Takeaway for Homebuyers

MHADA’s FCFS offering of 120 ready flats is a time-sensitive but genuine ownership opportunity for serious buyers in Mumbai. It is not designed for casual browsing or delayed decision-making.

Buyers who enter the process prepared can secure a home quickly. Those who are not may find the opportunity gone within hours.