Does Mhada will refund of Earnest Money Deposit (EMD) after the Lottery?
yes. If the Applicant fails to succeed in the lottery then full amount of EMD is returned.
In case the applicant withdrew the application before the drawal of lottery then 25 % from the amount of the EMD is deducted by the accounts department of Mumbai Board towards the administrative expenses and remaining amount is returned to the candidate.
The candidates selected in lottery
a) If the candidate delays to accept the allotted tenement or delays in paying the required amount
b) If the candidates delays in taking possession of the tenement in specified period or
c) After taking the possession of the allotted tenement , delays or refuses to be member of housing society, then his/her membership is deemed to be cancelled. His/her name will be deleted from the 'manyta' list as per the act.
Mhada FAQs
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