India, Aug. 6 -- The Maharashtra Housing and Area Development Authority (MHADA) is likely to launch its Mumbai housing lottery for 2027 in the next five months, with around 2,000 to 2,500 affordable homes expected to be offered for sale, MHADA Vice President and CEO Sanjeev Jaiswal told Hindustan Times Real Estate.

"We are working on the minute details and expect to announce the Mumbai lottery in January or February 2027. The lottery will have a similar number of homes as the 2026 edition, around 2,000 to 2,500 units. Every year, our target is to make this many homes available for the Mumbai real estate market," Jaiswal said.

According to Jaiswal, the ongoing and proposed cluster redevelopment of around 1,000 acres of prime land in Mumb...