City
Epaper

Navi Mumbai: CIDCO Faces Backlash as Homebuyers Reject Unsold Flats in Taloja; New Lottery Draw Likely on Gudi Padwa 2025

By Lokmat English Desk | Updated: February 25, 2025 10:09 IST

City And Industrial Development Corporation's (CIDCO) attempt to allocate unsold flats in Navi Mumbai's Taloja area to applicants who ...

Open in App

City And Industrial Development Corporation's (CIDCO) attempt to allocate unsold flats in Navi Mumbai's Taloja area to applicants who didn’t get their preferred homes has sparked strong dissatisfaction from buyers. Many have rejected the alternative options offered by CIDCO and opted to return their allocated homes, leading to a rush of customers at CIDCO’s offices.

Also Read | Navi Mumbai Traffic Update: Vehicular Jams Expected as CIDCO Begins Kharghar-Turbhe Link Road Work Near Jui Nagar.

As part of the CIDCO Lottery scheme under 'CIDCO Mega Housing Scheme- My Preferred CIDCO Home' draw conducted on Shiv Jayanti, CIDCO offered 1,881 applicants the option to purchase unsold flats in Taloja. However, the move has created confusion among buyers. While the decision to accept or reject the offer rests with the applicants, the authority has given them an eight-day deadline to respond. Many have already declined the offer and notified authority of their decision, raising concerns about how the remaining unsold homes will be sold.

Fresh CIDCO Lottery Draw on Gudi Padwa?

CIDCO is reportedly considering a re-draw for the unsold flats on the occasion of Gudi Padwa. Out of 26,000 homes available under the scheme, only 21,399 applicants paid the deposit, with 19,518 securing homes of their choice. This leaves 6,482 houses still unsold. Additionally, some applicants may be disqualified during the document verification process, prompting CIDCO to plan a fresh housing draw to reallocate the remaining units.

Tags: Navi Mumbai CIDCO LotteryNavi MumbaiCIDCO LotteryCIDCO Lottery ResultsTaloja
Open in App

Related Stories

Navi MumbaiNavi Mumbai Accident: Drunk Driver Hits Woman, Rams Car Into Parked Vehicles in Kamothe

MumbaiMumbai: Fake Cops Kidnap Man in Bhuleshwar, Rob Him of ₹50 Lakh; Four Arrested Within Six Hours

Navi MumbaiNavi Mumbai Unites for Yoga Day 2025 Celebrations

Navi MumbaiNavi Mumbai to Host First-Ever Redevelopment Exhibition on June 29

Navi MumbaiNavi Mumbai Crime: Man Slits Friend's Throat in Turbhe Over Teasing; Accused Surrenders

Navi Mumbai Realted Stories

Navi MumbaiNavi Mumbai: NMMC Warns 2,111 Buildings to Obtain Occupancy Certificates or Face Legal Action

MumbaiMumbai Shocker: Fired Driver Turns Predator, Stalks Ex-Employer Despite 6 Arrests

Navi MumbaiNavi Mumbai: CIDCO Conducts Historic Land Allotment Draw for 319 Beneficiaries in Dronagiri Node

Navi MumbaiNavi Mumbai: Fresh Evidence Confirms Lotus Lake’s Wetland Status, Activists Demand Protection

Navi MumbaiNavi Mumbai Weather Update: City Records 65.42 mm Rainfall in Past 24 Hours; Heavy Rainfall and High Tide Alert Issued for Today