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How to sell your Mhada flat?

MHADA Announces 10-25% Price Reduction on 370 surplus tenements in Mumbai Board housing Lottery

The Maharashtra Housing and Area Development Authority (Mhada) provides affordable housing to the people of Maharashtra by means of the Mhada lottery. There are various Mhada Boards in the state which host the Mhada lottery and offer housing units that help the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG) sections to a great extent. The Mhada also services to the High Income Group (HIG) segment in some areas such as Tardeo in Mumbai. Once the Mhada flat is bought by a person, can he sell it? If yes, what is the process? These are common queries posted by people and we will address them in this guide.

See also: Can you rent your Mhada flat?

 

How to sell a Mhada flat?

A Mhada flat cannot be sold for 5 years after buying it from the Mhada lottery. Also, the initial home buyer should live in the Mhada property for five years before selling it.

When the five year time frame has exceeded and you want to sell the property, follow the below mentioned steps.

See also: How to register, apply for Mhada Pune Board lottery online?

 

Documents required for executing sale deed

See also: Mhada Lottery Mumbai 2025: Registration, application, documents

 

Should you buy a Mhada resale flat?

Among the many properties available in the real estate market, should you buy a Mhada flat on resale?

Advantages of a buying a Mhada property

Disadvantages of a buying a Mhada property

 

Housing.com POV

The biggest advantage of Mhada housing units is that they are affordably priced even when they are located in prime locations and enjoy excellent connectivity. Housing.com regularly educates on how to apply for the Mhada lottery across various boards and buy an affordable house. However, if by chance you are unsuccessful as a beneficiary, the next best bet is to buy a resale Mhada property. However, there are some important clauses that have to be followed. If in case any of the rules mentioned by Mhada is not followed, the Mhada has the authority to revoke the property ownership.

 

FAQs

Can the Mhada housing unit be used for commercial activities by tenants?

No. In case found guilty, the Mhada can ask the tenant to vacate the property.

What are the transfer fees that a buyer should pay Mhada for transferring Mhada ownership from seller to his name?

The buyer has to pay Mhada a transfer fee of Rs 35,000.

What is the lock-in period before which you can’t sell the Mhada property?

You cannot sell Mhada property till five years from date of possession.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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