MUMBAI: Unable to find buyers for hundreds of its flats across Mumbai, including those overlooking the Kanjurmarg landfill and the sea, the Maharashtra Housing and Area Development Authority (Mhada) has initiated a proposal to reduce prices of the unsold inventory by up to 10%. If approved, the revised rates will come into effect when the Mumbai Housing and Area Development Board (MHADB) puts the apartments back on the market after Diwali under its First Come First Serve (FCFS) scheme.
This is not the first time Mhada has attempted to make its unsold inventory more attractive through price reductions. However, even the price reduction, coupled with free parking slots, failed to generate a favourable response. One of the major deterrents for prospective buyers was the project’s proximity to the Kanjurmarg dumping ground, which has been associated with high methane emissions.
In April, the authority reduced prices of flats at Kannamwar Nagar by 7.5%. Following the revision, prices of 480 tenements, which were earlier in the range of ₹ 1.46 crore to ₹ 1.48 crore, came down to between ₹ 1.35 crore and ₹ 1.37 crore. A 2026 study by the University of California ranked the landfill as the world’s 12th-highest methane-emitting site.
