A non-universal scalar mass supergravity type of model is explored where the
first two generation of scalars and the third generation of sleptons may be
very massive. Lighter or vanishing third generation of squarks as well as Higgs
scalars at the unification scale cause the radiative electroweak symmetry
breaking constraint to be less prohibitive. Thus, both FCNC/CP-violation
problems as well as the naturalness problem are within control. We identify a
large slepton mass effect in the RGE of mHD2 (for the down type of
Higgs) that may turn the later negative at the electroweak scale even for a
small tanβ. A hyperbolic branch/focus point like effect is found for
mA2 that may result in very light Higgs spectra. The lightest stable
particle is dominantly a bino that pair annihilates via Higgs exchange, giving
rise to a WMAP satisfied relic density region for all tanβ. Detection
prospects of such LSPs in the upcoming dark matter experiments both of direct
and indirect types (photon flux) are interesting. The Higgs bosons and the
third generation of squarks are light in this scenario and these may be easily
probed besides charginos and neutralinos in the early runs of LHC.Comment: 36 pages and 7 Postscript files. Minor changes in the text. Version
accepted for publication in Phys. Rev.