CIDCO (City and Industrial Development Corporation), the numero uno state-planning agency has already confirmed its lottery for a whopping 14, 838 affordable apartments located in Navi Mumbai. The CIDCO online registration for this lottery has already commenced under the PMAY (Pradhan Mantri Awas Yojana). The apartments are being developed for buyers in the EWS (Economically Weaker Section) category.
Buyers in the LIG (Low income group) category will also be eligible for purchasing some of these apartments. As per reports, there will be a total of 5, 262 apartments earmarked for buyers in the EWS category in Navi Mumbai. Buyers in the low-income group will have the remainder allotted to them according to reports. The application procedure will commence on the 15th of August, 2018 and will be open till the 17th of September, 2018 as per CIDCO.
The draw will be held on the 2nd of October, 2018 by CIDCO and the entire process will be taking place online. A total online process has been chosen by CIDCO for this housing scheme lottery for the very first time in a bid to ensure greater transparency and a swifter procedure overall. The affordable housing projects will come up across 11 areas in Dronagiri, Taloja, Kharghar, Ghansoli and Kalamboli in Navi Mumbai. Carpet area will stand at 25.81 sq. metres for apartments falling within the EWS segment. Apartments in the LIG category will have carpet areas of 29.82 sq. metres.
This new initiative by CIDCO is another boost for the affordable housing sector in Mumbai and several buyers will now be able to purchase homes of their own in Navi Mumbai provided they meet the eligibility criteria.
