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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.

New Political Fault Lines

Student unrest, NCP realignments and electoral manoeuvres are reshaping the city’s political conversation

Pune: The city’s political landscape last week was defined by two contrasting forces: the energy of student activism and the uncertainty surrounding the future of Nationalist Congress Party (NCP). In a city where campuses have long served as incubators of political debate and where the Pawar family’s influence remains deeply entrenched, both developments carried significance far beyond immediate headlines.


With more than one million students studying across Pune’s vast network of universities, colleges and professional institutions, the city remains one of Maharashtra’s most politically sensitive educational hubs. The student population includes a diverse mix of local youth and migrants from across the country, creating fertile ground for competing ideological currents. Organisations linked to the BJP, Congress, Left groups and newer political formations have all sought influence among this demographic.


Large Demonstration

Against this backdrop, the student agitation led by Abhijit Dipke and the group calling itself the Cockroach Janata Party has attracted considerable attention. Dipke’s recent visit to Pune, where he led a protest at Savitribai Phule Pune University, drew a large student turnout and brought the movement into the national spotlight. The Aam Aadmi Party (AAP) subsequently extended support to the campaign, organising rallies and meetings in the city.


The backing extended by the Shiv Sena (Uddhav Balasaheb Thackeray) faction and the Congress to Dipke’s Delhi protest has brought together several anti-BJP political forces. The police action during the Delhi demonstrations is likely to continue influencing political discussions in Pune, particularly among student groups that have traditionally played an important role in shaping urban political narratives.


Yet, away from the campuses, another political drama was unfolding. The future of the two NCP factions remained a subject of intense speculation in Pune, a region where both Sharad Pawar and the late Deputy Chief Minister Ajit Pawar continue to command considerable respect. The Pawars’ political legacy has been central to the district’s power structure for decades, making every movement within the party a matter of public interest.


Frenzied Speculation

Among party workers, the possibility of a reunion between the two NCP factions is still viewed with scepticism. However, speculation has grown over whether Sharad Pawar’s faction could eventually move closer to the BJP. Such a possibility has received a lukewarm response from many of Pawar’s supporters, who remain uncomfortable with any political arrangement involving the BJP.


Memories of Ajit Pawar’s political journey continue to shape these discussions. Several workers recall that he had begun reassessing his association with the BJP before his death. A minister, while speaking to RSS supporters, reportedly said that his decision to support Ajit Pawar was driven by personal affection, but that the alliance had political costs. The reduced victory margin, the absence of support from some close associates and the subsequent reassessment of political strategy strengthened his belief that the future course should be guided by the ideological traditions of Mahatma Phule, Rajarshi Shahu Maharaj and Dr B.R. Ambedkar.


These conversations indicate that cadres within both NCP factions are carefully watching the evolving political equations. While formal alliances remain uncertain, ideological considerations appear to be influencing grassroots sentiment.


Meanwhile, the city’s electoral machinery is preparing for the Special Summary Revision (SSR) of voter lists. Political workers across parties have become active in the process, engaging with voters and ensuring participation. The BJP’s organisational network, in particular, appears to be highly mobilised, reflecting the party’s emphasis on booth-level preparation and voter outreach.


Beyond party politics, a troubling incident has also entered Pune’s public discourse. A real estate developer from the city’s outskirts died by suicide after leaving behind a note naming 14 political leaders whom he allegedly held responsible for his decision. Police have registered a case and begun an investigation.


Together, these developments reveal that Pune’s political contest is not merely about competing parties but increasingly about competing narratives over identity, ideology and influence in one of Maharashtra’s most politically consequential urban centres.

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