MHADA's Diwali 2025 lottery offers 5,000 affordable homes across Mumbai and suburbs, targeting low/middle/high-income groups. Registration opens September 15 withNov 17 payment deadline. Includes redevelopment projects in Adarsh Nagar, Chunabhatti, and Jogeshwari.
Mumbai real estate prices have declined due to higher interest rates, stricter housing loans, and increased repo rates. The RBI's strict lending policies and over-supply have also contributed to this drop.