{"id":8139,"date":"2025-10-17T13:24:22","date_gmt":"2025-10-17T13:24:22","guid":{"rendered":"https:\/\/housiey.com\/blogs\/?p=8139"},"modified":"2025-10-18T06:24:51","modified_gmt":"2025-10-18T06:24:51","slug":"mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025","title":{"rendered":"MHADA to Offer \u20b97 Crore South Mumbai Apartments on First-Come, First-Served Basis Before Diwali 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In an unexpected Diwali 2025 twist, the <em><a href=\"https:\/\/housiey.com\/blogs\/blogs\/apply-mhada-lottery-2025-online-registration-application-lottery-dates\"><strong>Maharashtra Housing and Area Development Authority<\/strong><\/a><\/em> (MHADA) is preparing to sell its most premium and expensive apartments in South Mumbai, each valued at over \u20b97 crore, through a <\/span><i><span style=\"font-weight: 400;\">first-come, first-served<\/span><\/i><span style=\"font-weight: 400;\"> system.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\/#From_Lottery_to_Direct_Sale_A_Strategic_Shift\" >From Lottery to Direct Sale: A Strategic Shift<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\/#Inside_Crescent_Tower_A_Glimpse_of_Luxury\" >Inside Crescent Tower: A Glimpse of Luxury<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\/#MHADAs_Luxury_Legacy_A_Policy_Throwback\" >MHADA\u2019s Luxury Legacy: A Policy Throwback<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\/#MPs_and_MLAs_Also_in_the_Mix\" >MPs and MLAs Also in the Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-%e2%82%b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\/#Diwali_Timeline_Sale_Expected_Soon\" >Diwali Timeline: Sale Expected Soon<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"From_Lottery_to_Direct_Sale_A_Strategic_Shift\"><\/span><b>From Lottery to Direct Sale: A Strategic Shift<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">These luxury apartments, located in the upscale <\/span><b>Crescent Tower, Tardeo<\/b><span style=\"font-weight: 400;\">, were earlier part of MHADA\u2019s High-Income Group (HIG) category and featured in the last two housing lotteries. Despite their prime location and superior amenities, they failed to attract buyers, prompting MHADA to adopt a more direct sales approach this time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A senior MHADA official confirmed that the decision was made after both previous lotteries closed without success. \u201cWe\u2019re now moving away from the lottery system for these particular flats and offering them directly to interested buyers on a first-come, first-served basis,\u201d the official stated.<\/span><\/p>\n<blockquote><p><strong>Also Read: <a href=\"https:\/\/housiey.com\/blogs\/blogs\/mhada-revises-premium-charges-payment-terms-to-boost-redevelopment-in-mumbai\"><em>MHADA Revises Premium Charges &amp; Payment Terms to Boost Redevelopment in Mumbai<\/em><\/a><\/strong><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Inside_Crescent_Tower_A_Glimpse_of_Luxury\"><\/span><b>Inside Crescent Tower: A Glimpse of Luxury<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Built by <\/span><em><a href=\"https:\/\/housiey.com\/blogs\/builders\/shapoorji-pallonji-group\"><b>Shapoorji Pallonji Group<\/b><\/a><\/em><span style=\"font-weight: 400;\">, Crescent Tower stands as one of South Mumbai\u2019s most exclusive residential projects. Its residents enjoy <\/span>panoramic views of the Mahalaxmi Racecourse and the Arabian Sea<span style=\"font-weight: 400;\">, along with modern interiors and dedicated staff quarters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most expensive unit in the tower\u2014a 3BHK on the 19th floor\u2014is priced at a whopping <\/span><b>\u20b97.58 crore<\/b><span style=\"font-weight: 400;\">, while the remaining seven apartments start at around <\/span><b>\u20b95.93 crore<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"MHADAs_Luxury_Legacy_A_Policy_Throwback\"><\/span><b>MHADA\u2019s Luxury Legacy: A Policy Throwback<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Interestingly, Crescent Tower was integrated into MHADA\u2019s portfolio back in 2017 under a redevelopment model that allowed builders to retain a portion of the constructed area. Although this policy was later discontinued, MHADA retained ownership of several apartments in the project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When Crescent Tower units were first introduced, they became <\/span><b>the most expensive in MHADA\u2019s history<\/b><span style=\"font-weight: 400;\">, sparking debate over the authority\u2019s role in providing \u201caffordable\u201d housing versus entering the luxury housing segment.<\/span><\/p>\n<blockquote><p><strong>Also Read: <a href=\"https:\/\/housiey.com\/blogs\/blogs\/mhadas-bandra-and-worli-colonies-get-green-light-for-redevelopment\"><em>MHADA\u2019s Bandra and Worli Colonies Get Green Light for Redevelopment<\/em><\/a><\/strong><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"MPs_and_MLAs_Also_in_the_Mix\"><\/span><b>MPs and MLAs Also in the Mix<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In line with the MHADA Act, <\/span><b>2% of the total flats<\/b><span style=\"font-weight: 400;\"> sold through the authority\u2019s housing lotteries are <\/span><b>reserved for MPs and MLAs<\/b><span style=\"font-weight: 400;\">. Crescent Tower had also received applications under this quota when it first entered the MHADA housing pool.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diwali_Timeline_Sale_Expected_Soon\"><\/span><b>Diwali Timeline: Sale Expected Soon<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">MHADA officials mentioned that the official advertisement announcing the sale is expected <\/span><b>by the end of this week<\/b><span style=\"font-weight: 400;\">, just ahead of Diwali 2025. Once released, interested buyers will be able to register immediately, bypassing the lengthy lottery draw process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the exact sale date hasn\u2019t been finalized yet, the announcement has already stirred excitement among affluent buyers eyeing a prestigious South Mumbai address through a government-backed initiative.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an unexpected Diwali 2025 twist, the Maharashtra Housing and Area Development Authority (MHADA) is preparing to sell its&hellip;<\/p>\n","protected":false},"author":5,"featured_media":8141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70,71],"tags":[3559,3558],"class_list":["post-8139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-mumbai","tag-mhada-flats-for-sale-in-south-mumbai","tag-mhada-south-mumbai-flats-2025"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MHADA to Offer \u20b97 Crore South Mumbai Apartments on First-Come, First-Served Basis Before Diwali 2025<\/title>\n<meta name=\"description\" content=\"MHADA to sell \u20b97 crore luxury flats in South Mumbai\u2019s Crescent Tower on a first-come, first-served basis before Diwali 2025\u2014details inside!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-\u20b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MHADA to Offer \u20b97 Crore South Mumbai Apartments on First-Come, First-Served Basis Before Diwali 2025\" \/>\n<meta property=\"og:description\" content=\"MHADA to sell \u20b97 crore luxury flats in South Mumbai\u2019s Crescent Tower on a first-come, first-served basis before Diwali 2025\u2014details inside!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housiey.com\/blogs\/mhada-to-offer-\u20b97-crore-south-mumbai-apartments-on-first-come-first-served-basis-before-diwali-2025\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/share\/16e5bbCuix\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-17T13:24:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-18T06:24:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/housiey.com\/blogs\/wp-content\/uploads\/2025\/10\/MHADA-South-Mumbai-Flats-2025.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"288\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"L. 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Sadriwala","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/housiey.com\/blogs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c83e913e9d76aba604baef16e02f3c8a05d850f8e1719ebbcc007841594d215f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c83e913e9d76aba604baef16e02f3c8a05d850f8e1719ebbcc007841594d215f?s=96&d=mm&r=g","caption":"L. Sadriwala"},"description":"L. Sadriwala, the Editor-in-Chief at Housiey, is a seasoned writer whose professional journey in content creation began in 2015. With a background rooted in a family of real estate developers, her transition into real estate writing was a natural evolution, bringing together her storytelling expertise and deep industry understanding. Over the years, she has authored impactful blogs across diverse niches such as food, travel, and lifestyle, before establishing her reputation as a trusted voice in Indian real estate. 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