Cidco extends registration deadline for 26,000 affordable homes in Navi Mumbai; no reduction in prices

Under the scheme, Cidco is offering homes for the Economically Weaker Sections (EWS) and low-income group (LIG) categories in Navi Mumbai’s nodes, including Vashi, Bamandongri, Kharghar, Taloja, Mansarovar, Kharkopar, Khandeshwar, Panvel, and Kalamboli. These homes are being sold under the Pradhan Mantri Awas Yojana (PMAY).

Applicants are required to pay a registration fee, select their preferred homes, and then pay the booking fee. Cidco emphasised that this extension would be the final opportunity for potential buyers to participate in the scheme.

The pricing of the homes has led to dissatisfaction among many applicants, who raised concerns about affordability. Former Cidco chairman Sanjay Shirsat had indicated the possibility of revising the prices, but his tenure ended shortly afterward. Shantanu Goyal, Joint Managing Director, Cidco, clarified that there would be no price reductions.

“The houses we have built are of great quality and the applicants can also visit the experience centres with ready sample flats to understand why the rates are justified. The prices have been decided considering the land rates, quality and location,” said Goyal.

According to Cidco, the prices are based on ready-reckoner rates, and the homes come with modern amenities. In the future, all these houses will be well connected to all the urban infrastructure, making it a viable option for buyers.

Cidco’s scheme aims to cater to the growing demand for affordable housing in Navi Mumbai. However, the pricing and limited flexibility have left many applicants feeling disheartened. The corporation has maintained that the homes meet the necessary standards and offer value for money.