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MHADA Mumbai Lottery 2026 Delay Leaves ₹375 Crore Locked; Applicants Demand Draw Date As Interest Mounts

Thousands of applicants awaiting MHADA's lottery for 2,640 Mumbai homes have demanded an early draw date, saying about Rs 375 crore in EMDs has remained blocked since May. Applicants claim they are paying interest on borrowed funds while MHADA is expected to earn interest on the deposits. Officials say the draw is likely in the first week of July.

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Mumbai’s Biggest Redevelopment: Motilal Nagar Master Plan Unveiled by MHADA
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Mumbai’s Biggest Redevelopment: Motilal Nagar Master Plan Unveiled by MHADA