CIDCO will unveil a new housing scheme on August 27, 2024, in celebration of Krishna Janmashtami. The scheme will offer a total of 902 flats across various locations in Navi Mumbai.

The scheme includes 38 units designated for the economically weaker section and 175 units for the general category, located in the developed nodes of Kalamboli, Kharghar, and Ghansoli. Additionally, 689 units will be available from CIDCO’s ‘Swapnapurti’ and ‘Vastuvihar-Celebration’ projects at Kharghar.

CIDCO’s housing schemes aim to cater to various income groups, providing residents with the chance to own property in Navi Mumbai, known for its advanced infrastructure. The new complexes will benefit from connectivity via rail, road, and metro, and will be situated near key projects such as the Navi Mumbai International Airport. This scheme is expected to enhance the lifestyle options for residents in the region.

Also Read: CIDCO grants extension till Jan 6, for lottery

You May Also Like

RBI Repo Rate Hike May impact Home buyer sentiments

The RBI Monetary Policy Committee hiked repo rate by 50 basis points…

MahaRERA Dismisses Complaint Against Developer Over Redevelopment Dispute

MahaRERA has dismissed a complaint filed by Manish Rajput against Rajhans Realtors over a delayed redevelopment project, citing lack of jurisdiction. The complainant alleged non-payment of rent, reduction in allotted flat area, and project delays, but MahaRERA ruled that redevelopment projects do not qualify as real estate sales under RERA, directing the matter to civil court.

31% Women Now Buy Homes for Investment, 52% Prefer Premium Properties

Indian women are increasingly investing in real estate, with 31% now purchasing homes for investment, up from 21% in 2022, as per the ANAROCK H2 2024 survey. Over 52% of women prefer properties priced above ₹90 lakh, while real estate has solidified its position as the most preferred investment option for 70% of women. The survey also reveals a growing preference for under-construction homes, highlighting a shift towards long-term capital appreciation.

India Emerges as Global Leader in Global Capability Centres

India has established itself as a premier destination for Global Capability Centres (GCCs), with over 1,800 centres occupying more than 240 million sq. ft. of Grade A office space. Recent reports indicate a projected growth to over 2,300 centres by 2026-27, underscoring India’s strategic importance in the global business ecosystem. The IT/ITeS, manufacturing, and BFSI sectors dominate this landscape, with Bengaluru leading in occupancy.