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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.

Pahalgam attack aftermath: Kashmiri students threatened, businesses hit as tensions rise

Updated: Apr 28, 2025



Srinagar: After the Pahalgam terror attack in Jammu and Kashmir on April 22, which killed 26 tourists, Kashmiri students across India have been facing threats, harassment, and violence.


Several incidents have been reported in different states where students were attacked, forced out of hostels, called terrorists, and warned to leave immediately or face consequences.


At Arni University in Himachal Pradesh, hostel doors were broken by outsiders who abused Kashmiri students. In Dehradun, Uttarakhand, a Hindu Raksha Dal video went viral, warning Kashmiris to leave or be killed, forcing many students to pack up and flee.


In Derabassi, Punjab, attackers entered a hostel after midnight, tore students’ clothes, and injured a student with a sharp weapon. In Uttar Pradesh's Prayagraj, some landlords asked Kashmiri tenants to vacate their homes. The Jammu and Kashmir Students Association (JKSA) has called these attacks a targeted hate campaign.


Its convenor, Nasir Khuehami, said this is a planned move to harass Kashmiris and is not just a reaction to the terror attack. He appealed to state governments and national leaders to act quickly and ensure the safety of Kashmiri students. Students have been advised to stay indoors, avoid political arguments, and not post anything sensitive on social media. Police in Dehradun have increased patrolling and removed over two dozen social media posts that promoted violence.


The situation between India and Pakistan has also worsened after the attack. India has accused Pakistan of sheltering terrorists behind the attack and suspended several agreements, including the Indus Waters Treaty. Visa services have been cancelled, diplomatic ties have been downgraded, and cross-border trade has been stopped. Pakistan has also retaliated by closing its airspace, halting trade with India, and cutting diplomatic contacts. Both countries are in a tense standoff, and peace talks have completely broken down.


The tension is badly hitting Kashmiri businesses, especially in tourism and trade. Tour bookings to Kashmir are being cancelled, handicraft orders have been put on hold, and many goods are stuck due to the shutdown of trade routes. According to local businessmen, they are suffering huge losses and fear that the situation could get worse in the coming weeks. Meanwhile, security forces have launched large-scale operations against terrorists in Kashmir.


Army and police units have stepped up search operations across southern districts like Anantnag, Shopian, and Pulwama. The army has increased its presence in sensitive areas to prevent further attacks. Officials say they are working to dismantle the network behind the Pahalgam attack and prevent any future strikes.


Chief Minister Omar Abdullah and former chief minister Mehbooba Mufti have condemned both the terror attack and the violence against Kashmiri students. They have urged the government of India to ensure that innocent Kashmiris are not punished for the acts of a few. Political leaders and student groups are also appealing to citizens to maintain peace and not fall for hate propaganda being spread online. The situation remains tense but under close watch. Both sides, however, remain on high alert.

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