India, Feb. 23 -- More than 70% of the 118 apartments offered by the Maharashtra Housing and Area Development Authority (MHADA) under the First-Come, First-Served (FCFS) scheme in Mumbai are priced below Rs.2 crore.

As per the price bifurcation on MHADA's website, 40 flats are available below Rs.1 crore, over 70 units fall under the Rs.2 crore category, while 28 apartments are priced between Rs.2 crore and Rs.8 crore.

In the Mumbai real estate market, nearly 70-80% of apartment registrations fall in the price bracket below Rs.2 crore. Around 10-20% are in the Rs.2 crore- Rs.5 crore range, while the remaining 5-7% comprise properties priced above Rs.5 crore.

The most expensive apartment put up for sale by MHADA is located at Crescent To...