MHADA's New Rule: Pay 10% in 48 Hours or Lose Deposit and Home!

• MHADA offers 118 homes in Mumbai under 'first come, first served' scheme, previously unsold in lotteries.
• New rule requires applicants to pay 10% of house cost within 48 hours of earnest money deposit.
• Failure to pay results in cancellation of claim and forfeiture of earnest money deposit (Rs 1-6 lakh).
• Registration began February 17; application and deposit submission starts March 4.
• Home prices range from Rs 31 lakh to Rs 8 crore, raising concerns about affordability and market rates.