Discounts aimed at boosting demand for high-value homes across Mumbai locations.

MHADA Plans Up to 20% Price Cut on Unsold Mumbai Flats Under FCFS Scheme.

Maharashtra Housing and Area Development Authority (MHADA) is planning to reduce prices of over 50 unsold apartments in Mumbai by 10%–20% under its First Come, First Served (FCFS) scheme to improve buyer interest. These flats were part of 118 units offered in February 2026, of which only 64 were sold, mainly in the lower price segments. The remaining unsold inventory largely comprises high-value homes priced between ₹2 crore and ₹28 crore. According to MHADA officials, the price cuts will be decided on a case-by-case basis, depending on area-wise ready reckoner rates. The most expensive unsold unit is a South Mumbai flat in Tardeo’s Crescent Tower, priced at ₹28 crore. Since these homes failed to sell in multiple lottery rounds, MHADA will not include them in future lotteries and instead sell them through the open market. The move is expected to revive demand, especially for premium housing stock that has seen limited traction so far.