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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.

Compete Or Collaborate?

Jun 26
3 min read

She introduced herself with four words. “I am your competitor.” I was in an online networking session last week — founders from different industries, different cities, a shared breakout room. When it was her turn to speak, she looked directly at me and said it without hesitation. There was confidence in it. There was even pride. But what every person in that room felt in that instant was not confidence. It was a door closing.


I responded immediately. “You are not my competitor. You are my collaborator — if you are willing.” An older gentleman in the room, a complete stranger to both of us, smiled. And then he said quietly — she is right. It is never competition. It is always collaboration. That is how growth happens.


Two introductions. Two brands. One clear verdict — from someone who had known us under a minute.


That is personal branding stripped of every pretence. Not your website. Not your title. Not your years of experience. Just the raw, unfiltered impression your presence creates before you have finished your first sentence. And here is the part that should make every serious founder pause — she did not know she was doing it. She thought she was being bold. Her brand was doing something else entirely, and nobody had ever told her.


This is the gap I see most often in accomplished founders. Not obvious mistakes. The invisible ones — beliefs, behaviours, and patterns so deeply embedded they have become personality. The scarcity that does not announce itself as scarcity. It shows up instead as guardedness at a networking table. As reluctance to refer a peer. As the subtle competitiveness that flavours every introduction, every conversation, every room you walk into. You would never say “I am your competitor.” But does your energy say it for you?


The most powerful personal brands are not built on polish. They are built on congruence — alignment between what you believe, how you behave, how you present yourself, and how you show up online. When that alignment is broken anywhere in the chain, people feel it. They cannot always name it. But they feel it. And they make their decisions accordingly — the partnership that does not materialise, the introduction that never comes, the room that seemed warm and produced nothing.


This is why personal branding must be built from the inside out. Mindset first — because it drives everything else. Then behaviour and communication. Then image and presence. Finally, the online narrative that reflects all of it authentically. Skip any layer and cracks appear that no amount of content or visibility can hide.


The gentleman who smiled had no reason to favour either of us. No shared history, no context. And yet in under sixty seconds, something invisible but unmistakable told him everything. That is not luck or charm. That is a personal brand built with intention — quietly, consistently, at every level.


The question I want you to sit with is not comfortable. When you walk into a room, what does your brand communicate before you speak? Not what you intend it to say — what it actually says. To the stranger who has never met you. To the potential partner sizing you up in thirty seconds. To the room already forming its verdict before you find your seat.


If there is even a moment of uncertainty in your answer — that uncertainty is quietly costing you more than you currently realise.


A Founder Brand Audit exists precisely for this. A focused, strategic session where we examine what your brand is truly communicating — the gap between the leader you are and the brand the world currently sees — and build a clear path to close it. This is not a general conversation. It is a precise, personalised diagnosis. Only four slots open each week. The founders who book are simply the ones who have decided to stop leaving that gap to chance. Book your slot here: https://calendly.com/divyaaadvaani/founder-brand-audit


(The author is a personal branding expert. She has clients from 14+ countries. Views personal.)

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