MHADA Lottery Mumbai 2017: 80% return MHADA’s Parel flats due to Small Size and Huge Price
Everyone wants their dream home at metropolitan cities like Mumbai , Pune, Thane but six months after winning their dream homes at Lower Parel in the 2017 MHADA Lottery, nearly 80% of the winners have returned the flat to the housing society. 363 square feet (365 ft) and Lower Parel 475 sq ft. 36 flats are worth 1.42 crores to Rs 1.96 crores. The winners who returned the flats, because of this, have ‘small size’ and ‘huge price’ of flats.
Sharda Tandur, a flat winner of MHADA, refused to leave the house, “We returned the flat due to financial problems, the cost of the apartment is very high.” The present market rate of residential property in the sector is Rs. 40,000 to Rs. 50,000 per square feet.
The Housing Authority will now pass the flats returned to the members of the waiting list (WL), but if the WL members are going to buy 1-BHK Lower Parel Flats, the officers are comfortable. Kushwaha said, if the house is still rested, then we should include them in the future lottery. Accordingly, the rates will be changed accordingly.
Officials said that many winners have refused to claim the MHADA flats at Powai, which cost about 1.39 crore. This is the first time that interested customers have returned to MHADA flats.
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