Understanding MHADA Unit Surrender Procedures!

Winning a Mhada lottery is a dream come true for many people. However, there are some cases where you may need to surrender the unit after winning. This could be due to financial constraints, a change in circumstances, or simply a change of heart.

If you are considering surrendering a Mhada unit, it is important to know the process involved. Here are the steps on how to surrender a Mhada unit after winning the lottery:

1. Go to the Mhada website and log in to your account.
2. Click on the “Surrender Tenement” tab.
3. Select the application for which you want to surrender the unit.
4. Fill out the surrender form and mention the reason for surrendering the unit.
5. Attach a copy of your original receipt of the application fee.
6. Submit the form and documents to the Mhada office.

The Mhada will refund the entire application fee if you surrender the unit before receiving the Provisional Occupancy Letter (POL). If you surrender the unit after receiving the POL, you will only be refunded the balance amount after deducting the cost of construction.

The following are the documents that you need to submit along with the surrender form:

• Original receipt of the application fee
• Copy of your PAN card
• Copy of your Aadhaar card
• Copy of your passport-size photograph
• Letter from your employer stating that you have been transferred to another city
• Any other document that supports your reason for surrendering the unit

The Mhada will process your surrender request within 15 days of receiving all the required documents. Once your request is approved, you will be refunded the application fee.

Here are some of the reasons why you may want to surrender a Mhada unit after winning the lottery:

• You are unable to afford the unit.
• You have been transferred to another city.
• You have found a better alternative.
• You have changed your mind about buying the unit.

If you are considering surrendering a Mhada unit, it is important to weigh all of your options carefully. You should also be aware of the fees and penalties that may apply.

Here are some of the fees and penalties that you may have to pay if you surrender a Mhada unit after winning the lottery:

• 10% of the application fee if you surrender the unit after receiving the POL.
• Any outstanding dues on the unit, such as the maintenance charges.
• Any legal fees that may be incurred in the process of surrendering the unit.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.