MHADA Cuts Vikhroli Flat Prices by 7.5% Due to Low Demand

Here’s a rewritten version of the content:


MUMBAI: In light of disappointing public interest, Mhada has announced a 7.5% price cut for 1,221 flats available in Vikhroli for the upcoming lottery on June 5.

This price reduction brings the cost down by Rs 10 lakh. Previously priced between Rs 1.45-1.48 crore, the flats in Kannamwar Nagar, Vikhroli, are now available for Rs 1.35-1.37 crore.

Recent years have seen a decline in public interest in the Mhada housing lottery, as its previously affordable flats now command market-level prices. Potential buyers have expressed that private developers offer superior construction quality and amenities for a similar investment.

  • Published On May 1, 2026 at 08:44 AM IST

Join the community of over 2M industry professionals.

Subscribe to our newsletter for the latest insights and analysis delivered to your inbox.

Stay updated on the ETRealty industry right on your smartphone!


This version reorganizes the content for clarity while maintaining the original information and intent.

Related Posts

Nagpur Residents Lose Sleep to Construction Noises

Representative AI Image NAGPUR: While Nagpur’s skyline is rapidly evolving, so too are the levels of noise pollution. Citizens face challenges as construction noise permeates from residential areas to bustling commercial districts, disrupting their ability to live, study, or rest. The incessant sounds of drilling, hammering, and scraping have turned unbearable for residents, students, seniors, and even young adults. From dawn until dusk, residents are plagued by the clamor of metal striking metal, cement mixers roaring, and heavy machinery rumbling. Work often starts at 6 am and can extend until 10 or even 11 pm, leaving almost no respite from…

DDA to Unveil Premium Housing Scheme by End of August

Representative image NEW DELHI: The Delhi Development Authority (DDA) is set to launch its Premium Housing Scheme 2025 by the end of August, featuring approximately 250 flats as well as car and scooter garages available through e-auctions in various areas including Jahangirpuri, Nand Nagri, Pitampura, Ashok Vihar, Vasant Kunj, Jasola, Rohini, and Shalimar Bagh. The scheme, which gained approval during a meeting led by LG VK Saxena on July 11, includes 39 high-income group flats in Vasant Kunj, Pocket 9B in Jasola, and Sector 19B in Dwarka; 48 middle-income group units in Jahangirpuri, Nand Nagri, Dwarka, and Pitampura; and 22…

Telangana to Raise Property Registration Values After Deadlock

HYDERABAD: After a year of indecision and industry resistance, the state government has opted to revise market values—the official ‘government value’ for property registration—within the core urban area (CUR). This highly sought-after zone, which encompasses approximately 27 local bodies within the Outer Ring Road, is responsible for nearly 60% to 70% of the annual revenue from the registration and stamps department. The proposed increase is significant, ranging from 30% to 50% above current rates, with the intention of bridging the gap between official registration values and existing market prices. Once enacted, this initiative is projected to generate an additional ₹2,000…