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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.

Mature Voters, Immature Parties

India’s electorate is maturing faster than its political class, leaving parties trapped in outdated assumptions about caste, freebies and grievance.

Are political parties keeping pace with the citizens they seek to woo? As the dust settles after the National Democratic Alliance’s (NDA) emphatic win in Bihar, the familiar ritual of parties, pundits and psephologists rummaging through their usual toolkit of explanations has begun. The familiar debates and arguments of pro-incumbency or anti-incumbency, ‘labharthi’ (beneficiary) politics, caste arithmetic, the women’s vote and coalition mismanagement are being bandied about in television debates and opinion pages. While each provides some sliver of truth, none captures the whole picture. It seems India’s voters have outgrown the templates built for them.


Contradictory Outcomes

The post-election discourse tends to treat each contest as a rerun of the last, as though the electorate were a static entity nudged into different outcomes only by freebies, factional quarrels or atmospheric emotion. But such explanations, however convenient, fail to explain why many of the same variables like caste alignments, welfare schemes and incumbency dynamics produce contradictory outcomes over time. The same voters who dutifully elected Jawaharlal Nehru and Indira Gandhi repeatedly also tossed their party out in later decades. States long ruled by heavyweights such as Jyoti Basu, Naveen Patnaik or Prakash Singh Badal have still witnessed dramatic swings within years or months between parliamentary and assembly elections.


If the familiar factors remain constant but behaviour changes, then the cause must lie not in the inputs, but in the voters themselves.


The comforting notion that elections turn on instant gratifications also frays under scrutiny. India has always seen forms of state patronage that resemble today’s “freebies.” Rajiv Gandhi’s reforms, from telecom to computerisation, created millions of upwardly mobile beneficiaries. Yet the Congress failed to convert those ‘labharthis’ into lasting political loyalty. Two decades of globalisation coincided with the party’s sharp decline and the Bharatiya Janata Party’s ascent to a commanding national majority in 2014. Welfare, clearly, is no automatic pathway to power.


Astute Electorate

Today’s electorate seems more inclined to judge full-term performance than to be distracted by episodic outrage. The BJP’s unexpected losses in Ayodhya, barely four months after the consecration of the Ram temple, showed that religious spectacle is no substitute for governance. The opposition’s fixation on EVM manipulation and errors in electoral rolls likewise failed to dent public confidence. Voters appeared to take the matter in stride: lists will never be perfect; democracy cannot hinge on clerical accuracy. When polling day passed without incident and all agents of all parties certified the process, the conspiracy theories fell flat.


Similarly, issues such as unemployment, inflation and inequality - perennial sources of discontent - did not generate a uniform anti-incumbent wave. Voters weighed the credibility of those complaining against their record when in office. To blame the ruling party for every economic stress while offering little proof of one’s own competence is no longer sufficient. The electorate is developing an ear for selective indignation.


Behind this shift lies a transformation both simple and profound: information. With the internet in every pocket, even modest households now inhabit the same news universe as the urban elite. Awareness of national and global trends reshapes aspirations and raises expectations, but also roots them in realism. The voter asking “What’s in it for me?” is not merely seeking material favour. Youth and women, in particular, look for governments that deliver, not paternalistically dispense. The old ‘Maa-baap sarkar’ has lost its hold.


Caste matters, but its emotional grip is loosening as its functional utility declines. Voters now recognise that dynastic politics, still common across India, is the most exclusionary form of the game. Sharing a surname with a ruling family yields little beyond symbolism. Many have begun to distinguish between identity-based appeals and actual material outcomes. That shift has exposed hollow claims of representation that once reliably mobilised blocs.


A deeper insight is taking hold as well. Voters increasingly see political parties as entities with their own interests. They have grasped that parties professing to champion the poor have little incentive to eliminate poverty if doing so erodes their support base. Likewise, parties thought to represent the affluent have every reason to expand beyond their original constituencies. This convergence of self-interest—once obscured by ideology—now sits in plain sight.


It explains why voters in poorer constituencies no longer hesitate to support a party derided as a “suit-boot ki sarkar.” If the perceived incentive structures of political actors align with public aspirations of growth, stability and opportunity, then the old caricatures matter less.


All this suggests that Indian voters are making braver, clearer choices than the political class credits them with. They are breaking stereotypes, sifting through competing claims, and judging performance across entire terms rather than on the basis of last-minute theatrics. The electorate does not appear to be polarised; the parties are.


For analysts, the implications are uncomfortable. Relying on decades-old frameworks like caste first, freebies second, incumbency third is misreading the present. India’s political marketplace is becoming more rational even as its politics remains shrill. The gap between the two grows with every election.


Political parties that fail to recognise this shift risk irrelevance. Those without their ear to the ground, or their feet firmly planted on it, may find the ground slipping away well before they realise it. The maturing electorate has already moved on. The question is whether its leaders can keep up.


(The writer works in the Information Technology sector. Views personal.)

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