India, April 21 -- The Maharashtra Housing and Area Development Authority (MHADA) plans to reduce prices of over 50 apartments offered in the Mumbai real estate market under its First Come, First Served (FCFS) scheme by 10%-20%, after these units remained unsold.

In February 2026, MHADA had floated 118 apartments under the FCFS scheme, of which 64 were sold, while the remaining units saw limited buyer interest. The authority is now looking to offer these unsold homes at discounted rates to improve uptake.

"We are planning to reduce prices by 10%-20% for apartments that remain unsold under the FCFS scheme. Around 64 units are currently unsold, this is an approximate figure, and the exact number is being finalised," said Milind Borikar, C...