In a significant move for Mumbai’s homebuyers, the Maharashtra Housing and Area Development Authority (MHADA) has rolled out 118 ready apartments under its First-Come, First-Served (FCFS) scheme. What makes this release noteworthy is its pricing mix, more than 70% of the homes are tagged below ₹2 crore, aligning closely with the city’s most active residential demand segment.
The inventory went live on February 17, offering options across multiple micro-markets of Mumbai — from affordable suburbs to premium South Mumbai addresses.
Pricing Snapshot: Majority Homes Below ₹2 Crore
As per the official data published by MHADA:
- 40 flats are priced below ₹1 crore
- Over 70 units fall under ₹2 crore
- 28 apartments are priced between ₹2 crore and ₹8 crore
This pricing structure mirrors Mumbai’s broader real estate transaction trends. Industry data suggests that nearly 70–80% of property registrations in the city occur in the sub-₹2 crore bracket. Around 10–20% fall in the ₹2–5 crore range, while luxury transactions above ₹5 crore account for just 5–7% of total registrations.
By offering the bulk of its inventory below ₹2 crore, MHADA appears to be targeting end-users and mid-segment buyers rather than purely luxury investors.
The ₹8 Crore Highlight: Premium Living in South Mumbai
The most expensive home in this FCFS round is located at Crescent Tower in Tardeo, one of South Mumbai’s established premium neighbourhoods.
Key Specifications of the ₹8 Crore Apartment:
- Location: Tardeo, South Mumbai
- Building: Crescent Tower
- Built-up area: Approx. 1,838 sq ft (170.76 sq m)
- Carpet area: Approx. 1,532 sq ft (142.3 sq m)
- Price: ₹8,00,38,234
- Earnest Money Deposit (EMD): ₹6 lakh
- Availability: 2 units in this category
Additionally, three more flats in the same building are priced between ₹6.27 crore and ₹7.94 crore, positioning them firmly in the luxury segment.
Beyond Tardeo, MHADA has also listed premium homes in Juhu, where pricing ranges between ₹3 crore and ₹5.50 crore, catering to buyers looking for high-value coastal and western suburb addresses.
The Most Affordable Option: ₹31 Lakh Home in Mankhurd
On the opposite end of the spectrum lies the most budget-friendly flat in this sale cycle.
Key Details of the ₹31.17 Lakh Apartment:
- Location: PMGP Colony, Mankhurd
- Built-up area: Approx. 247 sq ft (23 sq m)
- Carpet area: Approx. 225 sq ft (20.91 sq m)
- Price: ₹31.17 lakh
- EMD: ₹1 lakh
- Availability: 1 unit
This compact unit is expected to attract first-time buyers and families looking to enter Mumbai’s property market at a relatively accessible price point.
Locations Covered Under the FCFS Scheme
The 118 apartments are spread across a wide range of Mumbai neighbourhoods, including:
- Kandivali
- Charkop
- Shimpoli
- Antop Hill
- Wadala
- Powai
- Malad
- Mankhurd
- Ghatkopar
- Vikhroli
- Byculla
- Tardeo
- Lower Parel
- Sion
- Juhu
- Andheri
This geographic spread allows buyers to choose between suburban affordability and South Mumbai’s premium zones.
What Is MHADA’s First-Come, First-Served (FCFS) Scheme?
The FCFS scheme includes flats that were previously offered through MHADA lotteries but remained unsold due to various reasons, such as financing constraints, documentation delays, or lack of final allotment completion.
Instead of re-lotterying these units, MHADA has now made them available for direct booking under a first-come, first-served mechanism.
How the Booking Process Works
- Online registration and flat selection will begin on March 4, 2026
- Applicants must complete:
- Online application submission
- Security deposit payment
- Application fee payment
- Once a flat is selected, the buyer must pay 10% of the total sale price within 48 hours
Applications can be initiated through MHADA’s official housing portal.
Eligibility Criteria
To apply under the FCFS scheme, an applicant must:
- Be at least 18 years old at the time of application
- Be an Indian citizen
Further documentation and income-related criteria may apply depending on the housing category.
Why This Release Matters for Mumbai Buyers
This FCFS sale stands out because it combines:
- Affordable homes under ₹1 crore
- Mid-segment properties under ₹2 crore
- Select luxury inventory up to ₹8 crore
- Wide geographic spread across Mumbai
For buyers who missed out during previous MHADA lotteries, this scheme provides a direct and potentially faster route to ownership, provided they are ready with finances and documentation.
With over 70% of homes priced below ₹2 crore, the scheme strongly aligns with Mumbai’s dominant housing demand bracket, making it one of the more balanced public housing releases in recent months.
