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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.

Breaking the Peloton

Aug 7
3 min read

Harshita Jakhar’s appearance at the Tour de France Femmes is signals India’s arrival in sporting arenas long dominated by Europe.

 

India’s sporting successes have traditionally been concentrated in disciplines where geography or colonial legacy created favourable conditions. While cricket grew into a national religion, hockey delivered decades of global dominance. Wrestling, badminton, shooting and now, increasingly, chess have flourished through sustained investment and nurturing of talent.

 

Yet some disciplines have remained stubbornly foreign. The Tour de France, for instance, with its punishing mountain stages, century-old European traditions and deeply entrenched professional circuits, belonged firmly to this category.

This seemingly impregnable bastion has now been breached by 19-year-old Harshita Jakhar, whose recently became the first Indian woman to feature at the Tour de France Femmes, cycling alongside emerging riders from Afghanistan, Algeria, Chile, Ethiopia, Namibia and Uganda under the Union Cycliste Internationale’s World Cycling Talent Programme.

 

While Harshita’s ride through the ceremonial opening of Stage Two of the 2026 Tour de France Femmes may have lasted barely 4.5 kilometres, it was a moment of great import and symbolism.

The Tour de France is to cycling what Wimbledon is to tennis. It has been built over generations of mythology and European dominance. For Indian cyclists, merely entering that ecosystem has long seemed a distant aspiration. Harshita’s entry was a signal that despite the barriers still remaining formidable, they are no longer insurmountable.

 

Her participation in this elite event mirrors a broader transformation in Indian sport. With a rise in incomes and an improvement in sporting infrastructure, upwardly mobile Indian families are willing to back unconventional careers. As a result, many young Indians are now venturing into disciplines once regarded as almost exclusively European preserves. Alpine skiing, equestrian events, sailing, rowing and endurance cycling are no longer exotic curiosities reserved for white men and women.

 

The pattern extends well beyond cycling. In 2009, Reena Kaushal Dharmshaktu became the first Indian woman to ski from the Antarctic coast to the South Pole in 2009, while Kaamya Karthikeyan reached the Pole last year as the youngest Indian to do so. Their achievements have expanded the boundaries of what Indians could plausibly aspire to achieve.


Harshita’s ride belongs to this tradition. Her own journey has been remarkably grounded. Raised in Rajasthan, she trained at the Sports Authority of India’s National Centre of Excellence in Patiala under the watchful eye of her father, Rakesh Jakhar, himself a former cyclist who competed at the 2010 Commonwealth Games in New Delhi.

She snared three gold medals at the 2025 Khelo India Youth Games, which announced her as one of India’s brightest cycling prospects. Earlier, she had collected a silver and two bronze medals at the 2024 Asian Junior Cycling Championships, demonstrating that her promise extended well beyond domestic competition.

 

Cycling presents challenges unlike most Olympic sports with a lot riding on the quality of sporting ecosystems. Unlike India, Europe possesses thousands of kilometres of dedicated cycling routes, professional clubs, sophisticated racing calendars and generations of accumulated expertise. Young riders grow up immersed in a culture where road racing is woven into everyday life. India is only beginning to construct comparable foundations.


That makes programmes such as the UCI World Cycling Talent Programme especially valuable. For talents like Harshita, exposure to elite competition cannot be replicated in training camps alone. Riding alongside the world’s best, absorbing tactical nuances, learning race management and simply becoming comfortable within cycling’s highest circles all contribute towards the fulfilment of promise.


India’s sporting story increasingly depends on precisely these forms of international integration. Two decades ago, an Indian woman participating in an event associated with the Tour de France would have seemed implausible. But Harshita’s presence has now shattered those barriers.


By representing India at one of cycling’s grandest stages, Harshita has expanded the country’s sporting horizon. Young Indian cyclists watching her in Switzerland may now imagine themselves competing in races that previously existed only on television.

 

Her appearance, however symbolic, is part of a tradition where young Indians have begun appearing in sports like Formula racing, rowing, fencing, squash and equestrian events - disciplines that once seemed distant from the country’s sporting DNA.

 

For generations, the peloton belonged almost entirely to Europe. Now, it is making room for the rest of the world. Harshita Jakhar’s ride in Switzerland has shown that India now belongs to the conversation.

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