India, May 1 -- The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices by 7.5% for 1,221 apartments under its MHADA Lottery 2026, out of 2,640 homes on offer in the Mumbai real estate market, effectively lowering prices for 46% of the inventory. The price cuts apply to units in Kanamwar Nagar and Vikhroli East, both areas of Mumbai.

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices for 1,221 apartments by 7.5% under its MHADA Lottery 2026, out of the total 2,640 homes on offer in Mumbai. This means prices for almost 46% of the total inventory in the housing draw have been slashed.

The price cuts apply to units in Kanamwar Nagar, Vikhroli East. According to MHADA, the Mumbai Boar...