CIDCO Lottery 2019: Application Process and Eligibility Criteria | CIDCO Lottery 2019

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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Maharashtra government announces new redevelopment policy for rented building in Mumbai

The Maharashtra government has made public a new development policy for tenant-occupied shabby building in the suburban area and non-closed tenant-occupied buildings in the island city. Yes, this step came due to the recent demolition of the Ghatkopar building, which killed 50 people.  

This new policy, the notification of which has now been published by the Government of Maharashtra, is going to benefit ten-storey buildings and non-winding ten-storey buildings in the island city.

According to the Brihanmumbai Municipal Corporation, there are over 600 dilapidated buildings in Mumbai, which have been declared as dangerous structures. Almost every part of the country has such dangerous structures or buildings. The residents, especially those belonging to the ten buildings, live as landlords or owners of flats in these shabby buildings and do not undertake redevelopment work due to lack of any motivation.

The current policy is only for old closed buildings in the island city, where private builders receive additional construction benefits for redeveloping such properties and re-housing tenants in a new building. But they are properties that give tenants access to the housing authority, MHADA, which includes cooperative housing societies that were not previously covered under this policy.

Some of the salient features of this policy are:

1) Those who occupied this place before 13 June 1949 are covered under this policy.

2) Developers will get 50 percent incentive floor space index (FSI) for redevelopment of the building.

3) Redevelopment of old buildings requires 70% tenant consent.

4) A fund should be created by the landlord who will take care of the maintenance of the building for a period of 10 years.

5) Landlords should start the construction of the building within one year from the date of demolition and complete it within a period of five years.

6) Each tenant will be given a carpeted area in the old building with a minimum area of ​​300 square feet and a maximum area of ​​753 square feet.

7) Landlords must provide alternative accommodation for tenants for the time of redevelopment.

It is hoped that this new redevelopment policy will benefit thousands of people living in ten-ten buildings. The developer community has also welcomed the move. However, such an initiative alone cannot help solve the problem of old buildings in the city.

The state government may soon issue detailed guidelines for regulating tenants' eligibility and for better implementation of the policy.

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