The City and Industrial Development Corporation (CIDCO) is a Maharashtra run planning agency established on 17 March 1970 to develop a satellite city for Mumbai. It is now a special planning authority that develops new cities by planning and developing the necessary infrastructure and municipal services on a large scale.
CIDCO will offer 90,000 homes in Navi Mumbai through a
lottery scheme. The scheme will start from July 2019 and will end in August
2019. Potential areas will be covered under the scheme Panvel, Taloja,
Kharghar, Kharkopar, Kalamboli and Ulwe others. 90,000 affordable houses will
be called, out of which 37,000 houses will be made available to the Low IncomeGroup (LIG), while 53,000 houses will be given to the Economically Weaker Section (EWS).
Affordable homes for EWS will cover a carpet area of
25.81 square meter, while homes built for LIG will have a carpet area of
29.82 square meter. The lottery winners will be announced next month and will
need to be paid once the construction of the houses begins. A similar lottery
scheme was issued by CIDCO in early 2019 with 50,000 applications received for
1,100 affordable homes.
Check you are eligible or not for the application process?
Potential buyers should check the eligibility criteria
before entering the lottery scheme to avoid any unnecessary mess and rejection.
Economically
Weaker Section - Households that earn an average monthly income under INR 25,000 can avail
EWS houses under this scheme. The houses that will be supplied under this
lottery scheme can cost between INR 17-19 lakhS. CIDCO will deposit INR 5,000 as
the earnest money deposit for EWS houses.
Low income group - Households who earn an
average monthly income between INR 25,000 to INR 50,000 can avail LIG houses
under this scheme. The houses that will be supplied under this lottery scheme
can cost anywhere between INR 25-27 lakhs. A deposit of INR 25,000 will be
retained by CIDCO as an earnest money for LIG houses.
Earnest money
deposit - It is a negotiable amount between the buyer and seller which is about 1%
-2% of the property purchase price. This deposit is in the form of a credit for
down payment and closing costs by the seller.
Process through which you apply your application:
- Visit the official site of CIDCO https://cidco.maharashtra.gov.in/
- Register / register for "Lottery Scheme 2019".
- Enter your required basic details in the "Applicant Registration Form".
- Next upload the canceled check with your PAN card, Aadhar card, bank details and your photo.
- After confirmation, you can check the acceptance of your uploaded documents.
- Next, choose the plan you want from the drop down menu.
- Print the confirmation slip and sign the required places you need to scan the receipt and upload it back to the site.
- In addition, you will be taken to the payment page where you have to pay online. NEFT / RTGS / Net Banking / Debit Card etc. This will end your application process.
Check your Application Status from below steps:
- Visit the official site of CIDCO https://cidco.maharashtra.gov.in/
- From the live bulletin update open the tab "CIDCO Lottery 2019".
- View your selected region from the list of given fields.
- If your application has been accepted by CIDCO, then find your name in the list.
- Finally, if your application is one of the pictures in the lottery, your name will appear in the winners list next month.
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