Thane MHADA Flats Get Price Cut To 2020-21 Rates

Deputy Chief Minister Eknath Shinde has directed the Maharashtra Housing and Area Development Authority (MHADA) to reduce the prices of houses in the Chitalsar-Manpada project in Thane. The prices will be cut to the 2020-21 Ready Reckoner rates.

The decision will benefit 434 beneficiaries who have already submitted their acceptance letters after the earlier lottery. They will retain their allotments. A fresh lottery will be conducted for the remaining flats at the revised rates.

The MHADA project at Chitalsar-Manpada has 1,173 flats, of which 938 were offered through a lottery held on July 14, 2025. The flats were priced according to the 2025-26 Ready Reckoner rates, which led to complaints from beneficiaries.

According to officials, the flats had received a partial Occupancy Certificate in 2020-21, when their price was fixed at around Rs 44 lakh, based on a rate of Rs 10,000 per sq ft. After receiving the final Occupancy Certificate in 2025-26, prices for the remaining flats were increased to Rs 51-52 lakh.

Shinde's direction is aimed at bringing uniformity in pricing and applying the 2020-21 Ready Reckoner rates across the project. The flats will now be available at approximately Rs 44-46 lakh under the revised pricing.

The price cut is expected to bring relief to beneficiaries who were finding it difficult to afford the flats at the higher prices. The decision is also seen as a move to increase the affordability of housing in the region.

The MHADA project at Chitalsar-Manpada is one of the several initiatives undertaken by the government to provide affordable housing to citizens. The project has been developed to provide quality housing at affordable prices.

The price cut is a significant development for the beneficiaries who were waiting for the prices to be revised. The fresh lottery for the remaining flats will provide an opportunity for new applicants to apply for the flats at the revised rates.

The decision to cut prices is also expected to have a positive impact on the real estate market in the region. It is seen as a move to boost the demand for affordable housing and provide relief to homebuyers who were finding it difficult to afford houses at the higher prices.

In conclusion, the price cut for the MHADA flats at Chitalsar-Manpada in Thane is a significant development for the beneficiaries and the real estate market in the region. It is expected to increase the affordability of housing and provide relief to homebuyers who were finding it difficult to afford houses at the higher prices.

The decision is also seen as a move to bring transparency and uniformity in pricing, which is essential for the growth and development of the real estate sector. The government's initiative to provide affordable housing is a step in the right direction, and the price cut is a significant milestone in this journey.

The beneficiaries who will benefit from the price cut are those who have already submitted their acceptance letters and those who will apply for the remaining flats through the fresh lottery. The price cut is a significant relief for them, and it is expected to increase their ability to afford the flats.

Overall, the price cut for the MHADA flats at Chitalsar-Manpada in Thane is a positive development for the beneficiaries and the real estate market in the region. It is expected to have a significant impact on the demand for affordable housing and provide relief to homebuyers who were finding it difficult to afford houses at the higher prices.