CIDCO has announced additional homes in the existing lottery. Now total 6,508 tenements available for sale.

By Varun Singh

Under the Mega Housing Scheme 2022 of 5730 tenements, now additional tenements are being made available for sale at various nodes in Navi Mumbai to add color to the lives of common citizens while celebrating the Holi Festival. CIDCO has decided to make a total of 6,508 number of tenements available for sale through this scheme. This will make it possible for more and more citizens to take advantage of this scheme and fulfil their dream of owning a home in Navi Mumbai.

The housing scheme of 5,730 houses was launched by CIDCO on January 26, 2022. Under this scheme, 5,730 tenements were made available to the economically weaker sections and general category citizens in the rapidly developing Taloja Node of Navi Mumbai. Apart from these tenements, CIDCO has now decided to provide some additional tenements from Dronagiri, Ghansoli, Kalamboli, Kharghar and Taloja nodes of Navi Mumbai under this scheme. As a result, a total of 1905 tenements have been made available under this scheme for the economically weaker sections of which 181 in Dronagiri, 12 in Ghansoli, 48 in Kalamboli, 129 in Kharghar and 1535 in Taloja. Also a total of 4,603 tenements are available for general category, of which 241 at Dronagiri, 22 at Kalamboli, 88 at Kharghar and 4252 at Taloja. Thus, a total of 6,508 tenements have been made available.

All the process from registration to lottery of scheme will be done online and for this the website www.lottery.cidcoindia.com has been made available. On this website, the applicant has to register application, submit the documents and pay the deposit. However, applicants will not have the option to select a location (node). CIDCO will distribute the tenement of any of the above places to the applicants by computerized draw.

After declaring the results of the first draw, if tenements from the statutory reserved categories i.e. SC/ST/NT/DT remain unsold, then computerized draw will be drawn immediately for the second lot and these tenements will be allotted to the remaining eligible applicants from statutory reserved category. If the tenements reserved for journalists, disabled, ex-servicemen, state government employees, Navi Mumbai project affected, Mathadi workers, religious minorities remain unsold after the first draw, the second draw will be drawn and these tenements will be allotted to the remaining eligible applicants in these categories as well as general category.

The other terms and conditions of the housing scheme will remain the same and all the procedures related to the scheme will be carried out as per the pre-arranged schedule. CIDCO has appealed to the citizens to avail maximum benefits of these additional flats.

Also Read: CIDCO lottery date for 5,730 homes in Taloja changed

You May Also Like

Institutional Investment in Indian Real Estate Reaches USD 1.1 Billion in Q3 2024

In Q3 2024, institutional investments in Indian real estate surged to USD 1.1 billion, up 45% from Q3 2023. The office segment dominated inflows, accounting for 54%, while Chennai and Mumbai together attracted 57% of the total investments.

Cricketer Shreyas Iyer paid ₹2.9 Cr for a 525 Sq Ft home in Mumbai

Shreyas Iyer, a prominent member of the BCCI’s Indian Cricket Team, has made headlines with his recent purchase of a 525 sq ft flat in Mumbai’s Worli area for ₹2.9 crore. Acquired along with his mother, the deal was officially registered on September 19, highlighting the cricketer’s growing presence in the real estate market.

Residential Property Transactions Soar Past 5.5 Lakh in 2024, Grossing Over Rs. 4 Lakh Crore; Property Prices Surge 60% in Five Years

In 2024, India’s residential property market continued to thrive with nearly 5.77 lakh registered transactions, surpassing Rs. 4 lakh crore in value. This growth, marked by a 60% increase in property prices over the last five years, highlights a strong demand for homes across top cities. Gurugram, in particular, saw remarkable price hikes, with a 132% increase since 2019. The outlook for 2025 remains positive, with expectations of further growth in both demand and supply.

Recovery Warrants Worth Rs 544 Cr Issued by MahaRERA

As of August 31, 2022, MahaRERA issued 885 recovery warrants across Maharashtra, totaling ₹544.53 crore in outstanding amounts. This article provides a detailed district-wise breakdown, highlighting the challenges in compliance within key real estate markets, including Mumbai, Pune, and Thane.