The Maharashtra Housing and Area Development Authority (MHADA) will begin the process of fresh allotments for affordable housing from January 1.
MHADA will accept applications for 3,384 affordable houses, which will be built in suburbs such as Pratiksha Nagar (Sion), Shailendra Nagar (Dahisar), Malvani (Malad), Versova (Andheri) and Canara Engi-neering Estate (Ghatkopar).
Saraswat Cooperative Bank has been awarded the contract for distribution and acceptance of application forms.
Forms will be available between January 1 January 21 and can be submitted between January 2 and 22.
The lottery process for the allotment of houses will take place in May.
Amarjeet Singh Manhas, Chairman, MHADA (Mumbai Board) said he expected a huge response to the low-cost housing scheme.
“Apart from low costs, we have good quality of construction as well as modern amenities. Hence, we get lakhs of applications,” said Manhas.
Manhas added that at least 40 branches of Saraswat Bank will be employed for the process to deal with the application load.
The bank will need at least three months to scrutinize the applications, he said.
MHADA’s last such scheme saw 4.34 lakh applications for 3,683 houses it was planning to build.
A total of 2,763 of the houses are reserved for the Economically Weaker Section (with an income less than Rs 8,000), 186 are reserved for the Low Income Group (with an income in the range of Rs 8,001 and Rs 12,000), 134 are reserved for the Middle Income Group (with an income between Rs 12,001 and Rs 20,000) and 301 houses are reserved for the Higher Income Group (with an income more than Rs 20,000).