India, May 14 -- Maharashtra Housing and Area Development Authority has extended the application deadline twice for MHADA lottery of 2,640 affordable homes in the Mumbai real estate market amid a muted response from homebuyers. After extending the deadline on April 28, when it had received over 50,000 applications and around 35,000 EMD payments, MHADA again extended the deadline till May 28 on May 13.

As of May 12, the lottery had received 69,642 applications, with over 47,000 applicants paying the mandatory EMD. Experts attributed the tepid response to weak market sentiment, geopolitical uncertainty, high pricing and the fact that over 60% of the homes on offer are under construction.

Initially, in March 2026, MHADA announced the lotte...