Maharashtra Housing and Area Development Authority is considering a price reduction of 10%–20% on more than 50 unsold flats in Mumbai that were offered under its First Come, First Served (FCFS) scheme, in a bid to boost demand. The move comes after a portion of the inventory failed to attract buyers despite being opened for sale earlier this year.
In February 2026, MHADA had released 118 flats under the FCFS scheme, of which 64 units have been sold so far, leaving a significant number unsold. “We are planning to reduce prices by 10%–20% for apartments that remain unsold under the FCFS scheme. Around 64 units are currently unsold; this is an approximate figure, and the exact number is being finalised,” said Milind Borikar, CEO of MHADA’s Mumbai Board.
“The price reduction will be decided on a case-by-case basis, as we will need to factor in the ready reckoner (RR) rates of each area. The extent of the price cut will be determined accordingly,” Borikar added.
The FCFS scheme includes flats that were previously offered in MHADA lottery rounds but remained unsold. As per MHADA norms, such units can be reintroduced for sale through the FCFS route after failing to find buyers in two lottery cycles.
The apartments are spread across multiple locations, including Kandivali, Charkop, Powai, Andheri, Tardeo, and Juhu, among others.
Most sales have been recorded in the lower price segments, while unsold inventory is largely concentrated in the Rs 4 crore to Rs 8 crore range. Notably, a premium apartment in South Mumbai priced at Rs 8 crore remains unsold.
MHADA officials have indicated that these units will continue to be marketed under the FCFS scheme and will not be included in upcoming lottery rounds. Instead, the authority aims to clear the remaining stock through open market sales, supported by revised pricing to improve buyer interest.
Source: Hindustan Times
