Typically, once projects are ready, MHADA calls for applications and allots flats by a lottery system
The Maharashtra Housing Area Development Authority (MHADA) is likely to increase the earnest money deposit (EMD) for Middle Income Group (MIG) and Higher Income Group (HIG) flats as they want to weed out non-serious applicants and stop corruption. Typically, once projects are ready, MHADA calls for applications and allots flats by a lottery system. The flats are way more affordable than those in the open market. It puts a five-year ban on sale of flats and the EMD is normally fixed at ₹25,000 or ₹50,000 depending on the category of flats being invested in. Buyers are known to put in multiple applications in the names of relatives, thereby compromising the scope for genuine buyers.
https://www.hindustantimes.com/cities/mumbai-news/deposits-for-mhada-flats-to-go-up-101667501441619.html
Source: Hindustan Times
