CIDCO to lottery 15,000 flats

By Accommodation Times Bureau

To boost Housing for All by 2022, the City and Industrial Development Corporation (CIDCO) has set to lottery 15,000 flats for Economical Weaker Section (EWS) and Middle Income Group (MIG) before Diwali this year.

Although these flats are under construction but, by next 4 to 5 months construction of these homes will be completed. According to an official of CIDCO, “ Lottery of 15,000 flats will be placed at a low price and will be allotted to EWS and MIG group”.

CIDCO is also planning to build 52,000 homes in next 4-5 years.

The authority has planned to build ‘Budget-Homes’ in Kharghar, Gansoli, Dronagiri and Taloje.

Taloje to get 10,000 flats for the commoner by end of this year, However, the rates are yet to be disclosed by the authority. The lottery of flats can be expected before Dussehra or on Dussehra.

CIDCO is an acronym of the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), a public sector undertaking incorporated as a company. CIDCO is notified by the State Government as the New Town Development Authority (NTDA). The Government later widened the scope of CIDCO’s activities delegating the responsibility as the Special Development Authority (SPA). Today CIDCO has earned a reputation as the premier town planning and development agency in the country.


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