Live news feed — last updated 14 September 2026
Mumbai's housing redevelopment market has reached a significant milestone, with sales from redevelopment projects now exceeding new project launches for the first time. Over 1,000 redevelopment projects have been launched since 2020, contributing to the city's housing supply.
MHADA has reduced prices by 7.5% for 1,221 affordable homes in Mumbai as part of its MHADA Lottery 2026. This price cut applies to units in Kanamwar Nagar and Vikhroli East. The reduction impacts nearly 46% of the total inventory, with prices for some units lowered from ₹1.45 crore to ₹1.34 crore.
The Maharashtra Housing and Development Authority (MHADA) lottery for 2026 has seen an overwhelming response, with over 16,400 applications submitted for 2,640 affordable homes in Mumbai. This surge in applications indicates a strong demand for affordable housing in the city.
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