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CIDCO announces lottery for 7.8k affordable homes in Navi Mumbai priced at Rs 35 lakh

Prospective buyers can start applying for the scheme by registering online from October 25. The computerised draw for the scheme will be held on January 19

October 25, 2022 / 13:59 IST
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An aerial view of the Navi Mumbai skyline (File Image)

Navi Mumbai planning authority, the City and Industrial Development Corporation (CIDCO), has announced a lottery of 7,849 affordable homes for the Economically Weaker Section (EWS) in the Ulwe Node of the city. Navi Mumbai is a satellite city near India’s financial capital of Mumbai.

The affordable homes are under construction in the Bamandongri and Kharkopar areas of Ulwe. Price for each 332 sq. ft unit is Rs 35 lakh, CIDCO officials said.

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Prospective buyers can start applying for the scheme by registering online from October 25. The computerised draw for the scheme will be held on January 19, 2023. A website (here) has been made available for online registration, payment, etc., CIDCO said in a statement.

Sanjay Mukherjee, Vice Chairman and Managing Director of CIDCO in the release noted that Ulwe will gain “massive importance in the future” as CIDCO’s Navi Mumbai International Airport is built.  “The opportunity to own a house in the well-connected node has come through this mass housing scheme, on the auspicious occasion of Diwali," Mukherjee added.