With just two days remaining for online application registration, CIDCO has revealed the prices for 26,000 homes under its housing scheme across various Navi Mumbai nodes. Announced on Tuesday night, the prices range between ₹25 lakh and ₹97 lakh, bringing some clarity to prospective buyers. However, the unexpectedly high prices have left many aspiring homeowners disheartened, as they appear out of reach for the average buyer.
Background
On October 11 last year, CIDCO launched the Mazi Pasandache CIDCO Ghar scheme aimed at Economically Weaker Sections (EWS) and Lower Income Groups (LIG). This scheme includes housing projects across key nodes such as Taloja, Kharghar, Bamandongri, Kharkopar, Kalamboli, Panvel, and Vashi.
Despite extending the registration deadline three times, now set to close on January 10, CIDCO had not disclosed the prices until now. This delay left buyers unsure of which project to apply for, causing significant confusion. The last-minute announcement might result in a rushed application process, adding to the challenges faced by buyers.
Affordable in Taloja, Expensive in Kharghar
Among the 26,000 homes, Taloja offers the most budget-friendly options, starting from ₹25 lakh. Taloja Sector 28 has the lowest-priced units at ₹25 lakh, while Kharghar Sector 2A features the highest-priced homes at ₹97 lakh. Vashi’s truck terminal homes are also on the higher end, priced at ₹74 lakh.
Node-Wise Price Breakdown:
Taloja Sector 28: ₹25.1 lakh
Taloja Sector 39: ₹26.1 lakh
Taloja Sector 37: ₹34.2 lakh
Kharghar Sector 2A (Railway Station): ₹97.2 lakh
Kharghar Bus Depot: ₹48.3 lakh
Kharkopar 2A & 2B: ₹38.6 lakh each
Kharkopar East: ₹40.3 lakh
Kalamboli Bus Depot: ₹41.9 lakh
Panvel Bus Terminal: ₹45.1 lakh
Mansarovar Railway Station: ₹41.9 lakh
Khandeshwar Railway Station: ₹46.7 lakh
Bamandongri: ₹31.9 lakh
Vashi Truck Terminal: ₹74.1 lakh
While Taloja provides the most affordable options, areas like Kharghar and Vashi have set prices that may deter middle-income buyers, raising concerns about affordability for the common man. The CIDCO housing scheme now faces scrutiny for its pricing, which many believe falls short of its goal of providing accessible housing.