MHADA Slashes Prices of Over 6,200 PMAY Flats for EWS Buyers in Thane under First-Come, First-Served Scheme

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of over 6,200 affordable homes in Thane district under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), bringing all units within the ₹20 lakh price bracket. The revised pricing applies to housing units in Shirgaon and Khoni, located in the Mumbai Metropolitan Region (MMR), and the homes are now available under a First-Come, First-Served (FCFS) scheme.

The Konkan Board of MHADA has confirmed that these homes are now being offered under a First-Come, First-Served (FCFS) mechanism, rather than the conventional lottery route. The move is expected to facilitate faster allotment and attract more end-users seeking low-cost housing near Mumbai.

Revised Pricing Details

According to MHADA officials, a total of 6,248 homes are being offered under this FCFS scheme. In Shirgaon, the price of 5,236 homes has been revised upward by ₹1.43 lakh, taking the new price per unit to ₹19.28 lakh. In Khoni, prices have been reduced by ₹1.01 lakh for 1,012 homes, bringing the revised unit price to ₹19.11 lakh.

The revised pricing received formal approval from MHADA’s Vice President and Chief Executive Officer Sanjeev Jaiswal (IAS). In a statement, Revati Gaikar, Chief Officer of the Konkan Housing and Area Development Board, urged eligible homebuyers to take advantage of the offer, adding that the homes would remain available for booking until inventory is exhausted.

“There is no fixed deadline under the First-Come, First-Served scheme. Citizens who are looking to buy their own house are encouraged to take advantage of this opportunity,” she said.

Income Eligibility Criteria

As per PMAY-U norms, applicants from different income brackets are eligible under the corresponding housing categories:

• EWS (Economically Weaker Section): Family income up to ₹6 lakh per annum
• LIG (Lower Income Group): Family income between ₹6 lakh and ₹9 lakh
• MIG (Middle Income Group): Family income between ₹9 lakh and ₹12 lakh
• HIG (High Income Group): Family income above ₹12 lakh per annum

The current offering in Shirgaon and Khoni is specifically for the EWS category, and prospective applicants must furnish relevant income documentation to qualify.

Shift to FCFS for Unallocated Inventory

The First-Come, First-Served mechanism has been increasingly adopted by MHADA in recent years, particularly for unsold inventory from earlier housing lotteries. This method allows quicker transaction processing and direct allocation to eligible buyers without the need for a draw. The homes available in Shirgaon and Khoni are part of previously unsold inventory that has now been re-priced and made available with easier access conditions.

This marks another instance where MHADA has opted for the FCFS route after facing slow response in select locations despite earlier lottery-based announcements. The shift also enables the housing board to expedite fund recovery and reduce holding costs for developed housing stock.

Upcoming MHADA Lottery Plans for Mumbai

Alongside the FCFS scheme in Thane, MHADA is preparing for its upcoming Diwali 2025 housing lottery, expected to be announced around September–October. According to statements made by Sanjeev Jaiswal in April 2025, the authority is planning to offer around 5,000 affordable homes across Mumbai in the festive season draw. Final location details are currently under discussion, but the announcement is likely to include projects from various city wards.

Officials added that 5,200 units are expected to be finalised for the draw. For reference, in 2024, MHADA had offered more than 2,000 homes priced between ₹29 lakh and ₹6.82 crore across income categories.

This price revision and the upcoming lottery are part of the broader target announced by the Maharashtra government to deliver 8 lakh affordable homes over the next five years under various state and central housing schemes. These include PMAY-U, the State Housing Policy, and redevelopment of old MHADA colonies.

The pricing adjustment in Shirgaon and Khoni reflects MHADA’s intent to calibrate affordability in line with buyer expectations and to ensure that constructed units are absorbed without delays. With a flexible purchase window under the FCFS scheme and clear income eligibility norms, the authority is aiming to bridge the last-mile gap between construction and end-user occupancy.

Image source- mhada.gov.in