MHADA to Sell ₹7 Crore Worth of South Mumbai Apartments on First-Come, First-Served Basis This Diwali 2025

The festive season of Diwali 2025 is bringing exceptional cheer to Mumbai real estate news with a landmark announcement from the Maharashtra Housing and Area Development Authority (MHADA housing). For the first time in nearly two decades, the authority is transitioning some of its most desirable inventory away from the traditional lottery system to a highly efficient first-come-first-served basis. This strategic move forms the core of the MHADA launches festive housing scheme for Mumbai residents, presenting an unparalleled chance for discerning homebuyers to secure a premium residence without the uncertainty of a draw. This is one of the most significant Diwali 2025 property deals in Mumbai for high-end buyers.

The MHADA Diwali housing scheme 2025 is attracting unprecedented attention because it involves an exclusive set of eight luxury flats. These prestigious residences are located in one of the city's most coveted pin codes, making them a rare South Mumbai property investment. This strategic sale underscores a dynamic shift in the market, providing an immediate opportunity for high-net-worth individuals to acquire prime assets in Tardeo.

At the heart of this special offering lies an exclusive set of MHADA flats located in Crescent Tower in Tardeo, South Mumbai property. This high-end project, developed by the Shapoorji Pallonji Group, offers stunning panoramic views of the Mahalaxmi Race Course and the Arabian Sea. The exceptional location and luxury specifications make these the most premium MHADA flats ever offered by the authority. Previously included in the High-Income Group (HIG) category of the MHADA lottery, these apartments represent a rare chance to purchase a home in a location typically dominated by private developers.

This sale includes some of the costliest residential units in the authority's portfolio. The most expensive unit being offered is a spacious 3BHK on the 19th floor of Crescent Tower, valued at approximately ₹7.58 crore, which also includes exclusive staff quarters. Prices for the remaining seven apartments start at ₹5.93 crore and move upwards. This premium offering highlights the full scope of Diwali real estate offers MHADA is bringing to the market. Collectively, the total value of the luxury inventory means that MHADA to sell ₹7 crore worth apartments in South Mumbai this Diwali. This focused South Mumbai Diwali property sale by MHADA worth ₹7 crore is a spotlight event for the city's real estate sector.

In a significant and highly practical shift in its sales policy, MHADA has decided to delink these luxury units from the conventional lottery system after they failed to find buyers in the last two draws. The new approach employs the "First Priority" or First-come-first-served MHADA apartments model, a process already successful in other divisions like Pune and Konkan. This method grants allocation to the buyer who completes the application and payment process first, guaranteeing certainty for serious buyers looking for a confirmed acquisition.

While MHADA housing is primarily known for its commitment to providing Affordable homes South Mumbai and across the Mumbai Metropolitan Region (MMR) to the Economically Weaker Section (EWS) and Low-Income Group (LIG), the inclusion of these high-value units reflects an older policy. The Crescent Tower apartments were acquired by MHADA as part of a redevelopment policy, meaning the authority holds a stake in luxury projects. This dual-market approach ensures MHADA maximizes its portfolio's potential while remaining focused on its core mission of providing mass affordable housing through the larger Diwali lottery that includes thousands of homes.

The official advertisement for the MHADA South Mumbai flat sale is expected to be released shortly before the festival of Diwali 2025. This means interested buyers will be able to register and apply directly once the sale opens, bypassing the anxiety of a lottery draw. This streamlined process is a key feature of the MHADA Diwali housing scheme 2025. Buyers are encouraged to complete their due diligence and financial arrangements promptly, as the first-come-first-served nature of the sale means the most desirable units will be allocated rapidly.

Prospective buyers for the Diwali 2025 MHADA housing offer for Mumbai homebuyers should prepare their necessary documents, including proof of income (to meet the High-Income Group criteria) and residency documents. The process for these First-come-first-served MHADA apartments is simple: interested buyers will register on the MHADA portal, select the Crescent Tower units, and complete the application and payment of the Earnest Money Deposit (EMD) and processing fee. The speed of submission will be the deciding factor in securing these prestigious MHADA flats in Tardeo.

This special sale is generating significant Mumbai real estate news as it marks a strategic evolution for a state housing body. By adopting a first-come-first-served approach for its high-value unsold inventory, MHADA is showing agility in the face of a dynamic market. This decision not only aims to liquidate vacant, high-priced assets but also provides an unprecedented opportunity for high-net-worth individuals to acquire a premium South Mumbai property at competitive pricing, cementing the significance of the Diwali 2025 property deals in Mumbai.

While the South Mumbai Diwali property sale by MHADA worth ₹7 crore is a major highlight, the authority’s overall commitment to providing housing remains broad. The larger MHADA housing initiatives for Diwali 2025 include a massive lottery for thousands of other homes across various income groups and locations, including Worli, Goregaon, and Mulund. This dual-pronged strategy ensures that while the special first-come-first-served sale caters to high-end Mumbai real estate news and buyers, the core mandate of providing mass Affordable homes South Mumbai and beyond is also vigorously pursued under the MHADA launches festive housing scheme for Mumbai residents.

MHADA is launching a special Diwali 2025 MHADA housing offer for Mumbai homebuyers, selling its most expensive MHADA flats in Crescent Tower, Tardeo, on a first-come-first-served basis. These eight unsold South Mumbai property units, including one priced at ₹7.58 crore, are part of the South Mumbai Diwali property sale by MHADA worth ₹7 crore. This landmark move, detailed in the Mumbai real estate news, bypasses the traditional lottery. It confirms that the MHADA South Mumbai flat sale provides rare Diwali real estate offers for high-end buyers seeking confirmed allocation of luxury MHADA housing.