Mhada Announces Bumper Lottery: 2000 Homes in Kalyan-Thane!

• Mhada's Konkan Board will soon announce a lottery for over 2000 homes in areas like Thane, Kalyan, Ghoteghar, and Dombivli.
• The lottery advertisement is expected in February, with the draw scheduled for April-May.
• This initiative offers a significant opportunity for aspiring homeowners, especially given the high property prices in Mumbai and its suburbs.
• The lottery will include homes from private developers (15-20%) and under the Pradhan Mantri Awas Yojana.
• High demand is anticipated, as evidenced by 1.5 lakh applications for 5,000 homes in 2025 in the Thane and Kalyan regions.

Why It Matters: Mhada's upcoming lottery offers over 2000 affordable homes in Kalyan-Thane, addressing high housing demand.