Maharashtra Housing and Area Development Authority (MHADA) has revised the pricing of over 6,200 affordable homes in Thane district under the Pradhan Mantri Awas Yojana–Urban (PMAY-U) scheme. The revised prices affect homes in Shirgaon and Khoni and are now available on a First-Come, First-Served basis.
According to MHADA’s Konkan Board, the new pricing has been approved by the authority’s Vice President and CEO. A total of 5,236 homes in Shirgaon will now cost ₹19.28 lakh each—an upward revision of ₹1.43 lakh per unit. Meanwhile, Khoni, which has 1,012 units under the same category, has seen a price reduction of ₹1.01 lakh, bringing the cost per home to ₹19.11 lakh.The revisions are part of an ongoing effort by the state housing authority to keep government housing schemes financially viable while responding to the growing demand for affordable homes. A senior official from the Konkan Housing and Area Development Board said the decision balances cost escalations with affordability, especially in light of construction and land cost dynamics.
“This is a significant opportunity for people looking to own their first home. Interested citizens should not miss the chance,” the official said, noting that there is no closing date for applications under the First-Come, First-Served model, making the scheme continuously accessible until all units are sold.Applicants eligible under the EWS category must have a household income of up to ₹6 lakh annually. Those with incomes between ₹6–9 lakh can apply under the Lower Income Group (LIG), ₹9–12 lakh under the Middle-Income Group (MIG), and those earning above ₹12 lakh under the High-Income Group (HIG).
MHADA is also gearing up for a large-scale housing lottery draw expected around Diwali 2025, which will feature approximately 5,200 affordable homes across categories. These homes will likely be offered in locations across the Mumbai Metropolitan Region (MMR), where land constraints and high private-sector pricing have created a strong need for public housing schemes.In 2024, MHADA had floated over 2,000 homes for sale, priced between ₹29 lakh and ₹6.82 crore. However, the current revision reaffirms MHADA’s commitment to making homes accessible for economically vulnerable groups, and contributes to wider goals of equitable urban development, inclusion, and sustainability.
Experts believe such initiatives can help cities like Thane absorb population pressures from Mumbai, without increasing informal housing or burdening infrastructure. With homeownership being key to urban stability and social mobility, MHADA’s pricing revision is expected to draw more interest from eligible homebuyers looking for security and affordability in a formal housing market.
As construction continues across Thane’s growth corridors, the revised prices may signal a more stable phase in the state’s affordable housing landscape—making state-sponsored housing not just a policy tool, but a path to dignified living for many.
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