More than 73,000 applications have been received for the Maharashtra Housing and Area Development Authority's (MHADA) Pune lottery 2023 for selling 5,863 affordable homes in the range of Rs 5 lakh to Rs 1.11 crore, according to MHADA data. October 30 was the last date for submitting applications, and the results for the lottery will be announced on November 24.
The Pune board had announced the lottery on September 6 for selling 5,863 affordable homes in Pune, Solapur, Sangli, and Kolhapur.
Out of these 5,863 homes, 2,445 will be sold on a first-come, first-served basis.
"We had received earnest money deposit (EMD) from over 51,000 homebuyers out of the total 73,000 applicants, as of October. This number is expected to have increased as the last date for payment of EMD was October 31. The results will be announced on November 24," a MHADA official said.
Also read: MHADA Pune lottery: 5.8k affordable homes in Rs 5 lakh-Rs 1.11 crore range put on sale
Apartment size
In the MHADA Pune lottery 2023, the smallest apartment is of 204 sq ft carpet area, and the biggest 1,087 sq ft carpet area. The apartments are available in the configuration of 1 RK, 1 BHK, 2 BHK and 3 BHK.
Costliest apartment
The costliest apartment is a 3 BHK worth Rs 1.11 crore in the Sant Tukaram Nagar area of Pimpri in Pune district. The carpet area of the apartment is 882 sq ft, according to the list uploaded by MHADA on its website. The cheapest apartment, measuring around 312 sq ft carpet, is worth Rs 5 lakh in Kagal, a town in Kolhapur district.
Also read: Is the Pune real estate market going the Mumbai way?
Out of the total apartments available for sale, 5,425 are in Pune district, 69 in Solapur district, 32 in Sangli district and 337 in Kolhapur district. Of the total 5,863 apartments, 430 being sold in the lottery falls under the Pradhan Mantri Aawas Yojana (PMAY) scheme and 2,445 apartments under the first-come, first-served basis in Pune district.
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