Big Relief For Thane Homebuyers: Maharashtra Dy CM Eknath Shinde Orders MHADA Flat Price Cut, Fresh Lottery For Remaining Units
Thane: In a major relief for home buyers, Maharashtra Deputy Chief Minister Eknath Shinde has directed the Maharashtra Housing and Area Development Authority (MHADA) to revise and reduce flat prices at its Chitalsar-Manpada housing project in Thane. Under the new directives, unit prices will be pegged to the 2020–21 Ready Reckoner (RR) rates. While 434 winning applicants who have already…
Mumbai: Maharashtra Deputy Chief Minister Eknath Shinde has taken significant steps to alleviate the burden of high property prices for homebuyers in the Thane city. The Maharashtra Housing and Area Development Authority (MHADA) has been ordered to reduce the flat prices at its Chitalsar-Manpada housing project in Thane. The new directive pegs the unit prices to the 2020-21 Ready Reckoner (RR) rates, resulting in a substantial drop from ₹51-52 lakh to approximately ₹44-46 lakh.
Out of the total 1,173 residential units in the Chitalsar-Manpada project, 938 flats were put up for auction on July 14, 2025. However, the pricing disparity among buyers led to widespread dissatisfaction. 434 lucky winners who have already submitted their acceptance letters will retain their allotted units at the reduced rates, while the remaining unsold flats will undergo a fresh lottery process based on the revised prices.
The Deputy Chief Minister emphasized that this move is aimed at ensuring fairness for all buyers, eliminating the existing anomaly where identical flats in the same building were charged drastically different prices. This price reduction is expected to provide substantial economic relief to mid-income buyers seeking affordable housing options in the Mumbai Metropolitan Region (MMR).
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