In how many month we get the possession once we win the MHADA lottery, what is the payment procedure (bank loan only or whatever saving I have done I can give in cheque)?

One of our family friends had applied for the MHADA lottery but had no clue about the MHADA lottery procedure after winning. On the day of the declaration, he came to our house and sought help from my husband, who then did thorough research and found out the answer. There are a series of steps that are followed before the winners get the house. If you have applied for the lottery, you should figure out what to do after winning MHADA lottery. Let me help you out.

What procedure after winning MHADA lottery is followed?

There is a basic process followed after one wins a MHADA lottery and that is-

• The winner first received an intimation letter from MHADA by post

• He/she needs to submit all documents mentioned in the form

• he/she will receive the provisional offer letter next

• You will have 45 days from the date you were given the letter to pay 25% within 2 months

• The rest (75% of the amount) needs to be paid in 2 months

• Once the entire amount is given, you will receive the Gala Vatap Patra

• The winner next has to pay the stamp duty and register the property

• Submit a copy of registration at MHADA office

• He/she will bet 3 copies of Possession letter

• The first copy needs to be submitted at the site where the flat is located; the second copy in the bank where you have opted for a home loan; and the third copy to the Municipal Corporation

 This is the process after winning MHADA lottery. 

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After winning the MHADA lottery you can make full payment. Only then you will get possession. You need to produce two self-attested photographs as well. 

Coming back to your second question, if you are availing home loan you need to deposit 25% of the total before securing a loan at the bank. After paying 25% you can obtain NOC for a home loan.

So, you have to pay 25% of the money first if you are opting for a home loan.

You can provide cheque to pay the amount.

I hope you find this helpful.