In a significant relief for homebuyers in the Mumbai Metropolitan Region, Maharashtra Deputy Chief Minister Eknath Shinde has directed the Maharashtra Housing and Area Development Authority (MHADA) to reduce the prices of flats at its Chitalsar-Manpada housing project in Thane. The decision is expected to lower apartment prices by nearly ₹6–8 lakh and bring greater uniformity to the project.
The revised pricing will now be based on the 2020–21 Ready Reckoner (RR) rates, replacing the higher rates that had led to complaints from buyers.
Flat Prices To Drop To ₹44–46 Lakh
Following Shinde’s directions, the cost of flats in the Chitalsar-Manpada project will be revised from approximately ₹51–52 lakh to ₹44–46 lakh, making the housing scheme more affordable for middle-income families.
The move comes after several buyers objected to the pricing structure, arguing that identical flats in the same residential complex were being sold at different rates.
434 Allottees To Benefit Automatically
MHADA has clarified that 434 successful applicants who had already accepted their allotment in the earlier lottery will retain their homes. They will receive the benefit of the reduced prices without having to participate in another draw or submit a fresh application.
The revised rates will be applied directly to their allotments.
Fresh MHADA Lottery For Remaining Flats
The remaining unsold apartments will now be offered through a new lottery under the revised pricing policy. MHADA is expected to announce the schedule for the fresh draw after implementing the updated rate structure.
The authority believes the price reduction will improve demand for the remaining inventory in the Thane project.
Why Buyers Objected To MHADA Pricing
The controversy began after MHADA developed 1,173 residential units, with 938 flats included in the lottery conducted in July 2025.
The pricing differed because some buildings had received partial Occupancy Certificates (OC) during 2020–21, while others received the final OC in 2025–26.
As a result:
- Flats linked to the 2020–21 OC were priced at around ₹44 lakh.
- Identical flats in the same complex were later priced at ₹51–52 lakh using updated Ready Reckoner rates.
This created a situation where buyers purchasing similar homes in the same building faced a substantial price difference, prompting multiple complaints to MHADA.
Shinde Orders Uniform Pricing
During a high-level virtual review meeting attended by MHADA Managing Director Sanjeev Jaiswal, Konkan MHADA CEO Vishal Rathod, senior officials and citizen representatives, Eknath Shinde instructed the housing authority to eliminate the pricing anomaly.“Instead of charging varying rates for identical flats in the same building, MHADA must uniformly apply the 2020–21 Ready Reckoner rates to ensure fairness for all buyers,” Shinde directed.
The decision is expected to provide meaningful financial relief to hundreds of homebuyers while restoring confidence in MHADA’s affordable housing schemes across the MMR.
