CIDCO plans 90,000 affordable housing projects

CIDCO
The City and Industrial Development Corporation (CIDCO) of Maharashtra plans to provide 90,000 houses in Navi Mumbai through its mega housing scheme which will form a part of Pradhan Mantri Awas Yojana (PMAY). The chief engineer at CIDCO (special projects) said that these houses will be made available under the housing scheme through a lottery system and will be sold to the economically weaker section (EWS) and low-income group (LIG) categories and will be 20 to 30 percent lower than those offered by private developers. CIDCO also plans to keep the payment process flexible for buyers. The houses are being built in Navi Mumbai's Taloja, Bamandongri, Juinagar, Kharghar, Panvel, Kharkopar and Kalamboli locations. Out of the 90,000 flats, 53,000 will be constructed under the EWS category and 37,000 in the LIG category, said CIDCO sources.
📅 Published on: 21 June 2019
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