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By:

Bhalchandra Chorghade

11 August 2025 at 7:24:18 pm

CIDCO struggles to find takers for its homes

Mumbai: The City and Industrial Development Corporation’s (CIDCO) latest housing scheme has exposed a recurring challenge for the planning authority: finding buyers for its large housing inventory despite its affordable-housing focus. The August 2026 scheme offered 4,793 homes in Taloja, Kharghar and Kalamboli and received 4,180 confirmed applications before bookings closed on September 3. While CIDCO described the response as strong, 613 homes—nearly 13 per cent of the inventory—had no...

CIDCO struggles to find takers for its homes

Mumbai: The City and Industrial Development Corporation’s (CIDCO) latest housing scheme has exposed a recurring challenge for the planning authority: finding buyers for its large housing inventory despite its affordable-housing focus. The August 2026 scheme offered 4,793 homes in Taloja, Kharghar and Kalamboli and received 4,180 confirmed applications before bookings closed on September 3. While CIDCO described the response as strong, 613 homes—nearly 13 per cent of the inventory—had no confirmed applicant. This follows earlier schemes with similar gaps. In January 2025, CIDCO’s ‘My Preferred Home’ scheme, offering around 26,000 homes across Navi Mumbai, attracted 1.36 lakh initial applications. However, only about 55,000 applicants paid the registration fee and around 22,000 deposited the required earnest money, leaving serious participation below the number of homes offered. A CAG-linked report on two CIDCO housing schemes in Kharghar found that, of 4,814 saleable tenements, allotment letters had been issued to 3,733 applicants and possession handed over to 3,317. Four years after the draw, 1,081 tenements remained unsold. CIDCO has also faced scrutiny over marketing expenditure. In 2023, reports questioned the appointment of private agencies to market and allot PMAY homes, stating that the agencies had received advances of more than Rs 100 crore before sales took place. CIDCO officials said external support was necessary given the scale of the programme. The scale of investment adds to the concern. CIDCO’s mass-housing programme envisaged 68,515 homes at an estimated cost of around Rs 15,300 crore. A 2024 report noted that thousands of completed homes were awaiting sale, locking up capital and increasing the authority’s financial burden. The latest homes are located in Taloja Sector 39, Kalamboli Bus Depot and Kharghar Bus Depot. Taloja accounts for 4,229 homes, followed by 257 in Kalamboli and 293 in Kharghar. Indicative prices range from around Rs 23.50 lakh in Taloja to Rs 37.70 lakh in Kalamboli and Rs 43.50 lakh in Kharghar. The figures point to a possible mismatch between what CIDCO considers affordable and what its target buyers can finance. Industry experts have noted that EWS homes priced at Rs 25 lakh or more may be difficult for households within the prescribed income ceiling, particularly after registration, stamp duty, floor-rise charges and other costs. Location may also influence demand. Taloja has seen rapid development and improved connectivity, including metro access, but buyers continue to weigh its distance from established employment centres and social infrastructure, as well as commuting costs. CIDCO maintains that its housing programme meets a genuine need in Navi Mumbai. Ashwin Mudgal, Vice Chairman and Managing Director, CIDCO, said, “The overwhelming response to the housing scheme reflects the aspirations of citizens to own a home in Navi Mumbai and their continued confidence in CIDCO’s planned development initiatives. CIDCO remains committed to providing affordable and quality housing opportunities in well-planned locations, enabling citizens to benefit from the region’s growing infrastructure and connectivity.” The authority has also highlighted the Pradhan Mantri Awas Yojana-Urban (PMAY-U) subsidy, under which eligible beneficiaries can receive Rs 2.5 lakh, subject to applicable guidelines and eligibility criteria. However, the repeated unsold inventory suggests that CIDCO’s challenge extends beyond construction. Pricing, apartment configurations, location, payment flexibility and connectivity may need to be reassessed before further public resources are committed.

A Port in a Storm of Opportunity

To turn Konkan’s bounty into export muscle, Maharashtra must marry farm output with modern logistics.

The Konkan coast has long been blessed by geography. Its laterite soil and monsoon rhythm yield a rich agricultural basket: rice and ragi, coconut and areca nut, spices and pulses. Above all, it is home to the celebrated Alphonso mango and a robust cashew and fisheries sector. Districts such as Ratnagiri district command brand recognition that many global producers would envy. Yet for decades this natural advantage has collided with the stubborn constraint of logistics.


Agricultural exports from Konkan have traditionally depended on the distant Jawaharlal Nehru Port, nearly 350 km away. For exporters of perishables, that distance has translated into steep transport costs touching Rs. 60,000 per container alongside transit delays. For mangoes, fish and other time-sensitive produce, every hour lost chips away at shelf life and margins. Congestion at the port and seasonal bottlenecks compounds the uncertainty. A region capable of commanding premium prices abroad is forced to pay a logistical tax at home.


Structural Shift

The more fundamental handicap lay in certification. Export markets demand rigorous phytosanitary clearances, food-safety testing and traceability documentation. In the absence of local facilities, farmers and exporters have had to navigate a fragmented chain of inspections and laboratories far from the production belt. Compliance becomes both costly and cumbersome. Small and mid-sized producers, lacking scale, have often found the export route prohibitive.


The commissioning of a Plant Quarantine Office and an NABL-accredited FSSAI laboratory at Jaigad Port marks a structural shift in this equation. By embedding testing, inspection and certification services at the port itself, the state has shortened the distance between farm and foreign market. Exporters across Konkan and western Maharashtra can now complete essential procedures locally, reducing fuel consumption, transit time and procedural friction.


Jaigad’s physical attributes amplify this advantage. The deep-water port, equipped with mechanised handling and expandable capacity, is less vulnerable to the draft constraints that hamper smaller facilities. Its warehousing and cold-storage infrastructure are particularly salient for horticulture and fisheries. More importantly, it sits within reach of hinterland districts of Kolhapur, Satara, Sangli and Solapur, whose output ranges from sugar and spices to poultry and processed foods.


The potential gains are not trivial. Estimates suggest logistics costs could decline by 10–15 percent, enough to sharpen the global competitiveness of flagship products such as Alphonso mangoes and Konkan cashew. India exported roughly 30,000 metric tonnes of mangoes in FY25, with strong demand in the UAE, America and Britain. Ratnagiri’s GI-tagged Alphonso, already synonymous with quality, stands to benefit disproportionately from faster, more reliable shipment.


Integrating People

Infrastructure, however, is only one leg of the transformation. A modern farm-logistics grid must integrate people as well as ports. Women’s cooperatives in mango and cashew processing have the potential to move from subsistence activity to structured enterprise, provided they are equipped with training in packaging standards and food-safety compliance. Embedding such capabilities locally would allow value addition to occur closer to the source, capturing margins that might otherwise leak away.


The region’s youth, too, are poised to play a catalytic role. Export competitiveness today depends as much on digital documentation, cold-chain analytics and traceability systems as on cultivation techniques. Start-ups focused on logistics platforms, inventory management and port-linked services could build a skilled local workforce while reducing reliance on external intermediaries. A logistics grid, in other words, is also a skills grid.


A second infrastructural development strengthens this vision. The recently approved Kolhapur–Vaibhavwadi rail link promises to connect the production belts of Kolhapur, Sangli and Satara directly to the Konkan Railway network. By trimming nearly 200 km of travel to the western ports, the corridor could significantly reduce freight time and cost. For bulk commodities such as sugar, as well as high-value perishables, rail connectivity offers scale and predictability that road transport struggles to match.


Taken together, these measures hint at a more coherent export architecture. Maharashtra already leads India in agri-industrial output. But output alone does not guarantee global market share. In an era of tight margins and exacting standards, competitiveness is forged in cold chains, compliance labs and cargo corridors.


For Konkan, the stakes are regional as much as commercial. A modernised logistics backbone can anchor sustainable growth, reduce post-harvest losses and embed the district more firmly in global value chains. It can also mitigate the historical imbalance between production and market access that has long frustrated local enterprise.


The lesson extends beyond one port or one district. India’s agricultural future will depend less on increasing acreage than on tightening the links between farm and freight.


(The writer is a member of Maharashtra Agriculture Price Commission. Views personal.)

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