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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.

Election Quagmire

Updated: Jan 2, 2025

Election Quagmire

Mozambique is at a perilous crossroads. The Constitutional Council’s recent ruling upholding the contentious October election results has entrenched the ruling Frelimo party’s long grip on power. Yet the outcome has done little to calm the fury simmering in the streets. The announcement confirmed Daniel Chapo’s presidency and gave his challenger, Venancio Mondlane, a few extra percentage points — an arithmetic adjustment that has only deepened public distrust in the electoral process. With over 110 lives lost in post-election violence, the nation’s path seems headed toward more bloodshed, instability, and economic crisis.


Mozambique’s political history offers insight into its current crisis. After gaining independence from Portugal in 1975, the country became a one-party state under Frelimo (Mozambique Liberation Front), a Marxist-Leninist movement that emerged victorious in the struggle against colonial rule. The party’s early years were marked by ambitious but uneven socialist experiments, including nationalized industries and land redistribution. However, these policies struggled to take root in a war-torn society.


After defeating the Portuguese, Mozambique was plunged into a brutal 15-year civil war with the Renamo rebel group, backed by apartheid-era South Africa and Rhodesia. The conflict, which ended in 1992, killed over a million people and left the country among the world’s poorest. Though Frelimo adopted a multiparty system and market reforms in the 1990s, it never truly relinquished its grip on power.


Chapo, like many Frelimo leaders before him, stands as a product of this historical continuity. His predecessors, including outgoing President Filipe Nyusi, were veterans of the liberation struggle. Yet their reverence among older Mozambicans has not translated into support among the country’s youth.


Mozambique’s demographics underscore the depth of the crisis. With more than half of its 34 million people aged 19 and below, the country is one of the youngest in the world. For many of these young people, the triumphs of the liberation era are distant echoes. Instead, their formative experiences are defined by soaring unemployment, endemic corruption, and chronic insecurity. The north, plagued by an Islamist insurgency since 2017, symbolizes Mozambique’s decline, with over a million displaced and Cabo Delgado in ruins despite its gas reserves. Cyclone Chido’s destruction in December worsened the region’s plight. Mondlane, leader of Podemos, tapped into widespread discontent with Frelimo, particularly among disillusioned urban youth. Although officially winning just 24 percent, he claims a majority, accusing Frelimo of electoral fraud.


The weeks following the election have been among the most violent in Mozambique’s recent history. Protesters, galvanized by Mondlane’s fiery rhetoric, have clashed with security forces in Maputo and beyond. Businesses have shuttered, ports have stalled and neighbouring countries have temporarily closed borders, further isolating the beleaguered nation.


Frelimo’s response has been predictably authoritarian. Soldiers patrol the streets, the internet is intermittently shut down, and thousands of demonstrators have been arrested. Yet this heavy-handedness is as much a sign of weakness as strength. Unlike in previous decades, when state machinery was firmly aligned with Frelimo, cracks are beginning to show in the party’s ability to command allegiance.


Mozambique’s descent into chaos is a grim reminder of the fragility of postcolonial states with entrenched ruling parties. While Botswana, South Africa and Namibia have seen opposition parties gain ground in recent elections, Mozambique remains trapped in the inertia of a liberation-era monopoly.


Mozambique’s future now hinges on whether its leaders—both in government and the opposition—can rise above the zero-sum politics that has long defined its landscape. For now, the streets remain restless, the nation divided and the revolution unfinished.

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