Though Cidco has not offered any festive discount for these flats, sources claim that these flats are priced at 2014 rates, compared to private builders, who have increased their prices by 15-20%
Trying to attract home buyers during the festive season, Cidco has put up 380 unsold flats at four of its housing schemes in Kharghar and Ulwe for sale. Most of the flats up for sale are in the middle income group (MIG) and high income group (HIG) categories, which did not find takers when booking had opened in 2014.
“We have shortlisted 380 affordable homes, as part of a festive offer, to be sold on lottery draw. These had remained unsold for various reasons,” said Mohan Ninawe, senior PRO, Cidco. Sources said that these flats remained unsold for various reasons such as booking cancellations, higher prices as compared to the market value and competition from private builders.
Though Cidco has not offered any festive discount for these flats, sources claim that these flats are priced at 2014 rates, compared to private builders, who have increased their prices by 15-20%. They added that buyers will get more for their buck as the carpet area is also more.
The registration process will be open from October 17 till November 30.
Cidco is offering 212 flats in Valley Shilp, Kharghar, 94 flats in Vastu Vihar and Celebration at Kharghar and 74 flats at Unnati Complex in Ulwe. Out of the 4, 712 homes under these four projects, Unnati in sector 19, Ulve has 1,344 flats while Vastu Vihar and Celebration at Kharghar’s sector 15 have 2,144 homes and Valley Shilp in sector 36 has 1,224 houses. Most of the unsold flats are in Valley Shilp.
There are 111 flats in the HIG category at Valley Shilp which have been lying vacant for over two years while 101 MIG homes also remained unsold. Interestingly, all tenements in the EWS and LIG categories were sold out.
There are 94 unsold flats at VastuVihar (for LIG) and Celebration (for MIG) housing schemes. Similarly, 74 flats are unsold in Unnati at Ulwe, which Cidco had announced for LIG.
In the last decade, Cidco built around 5,000 homes to provide residential space for the economically weaker section (EWS) and lower income group (LIG) besides MIG and HIG.