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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.

The BJP’s urban playbook

Mumbai’s civic verdict which saw the Thackerays’ being dethroned signals a national turn from dynasty to delivery, unsettling India’s regional satraps

New Delhi: The election result to the Brihanmumbai Municipal Corporation (BMC), the richest civic body in India, which saw the fall of the Thackeray clan has not merely reshaped Maharashtra’s politics but sent tremors across India’s federal map.

The BJP–Shinde Shiv Sena alliance secured 118 of the 227 seats, ending the Thackeray family’s 25-year grip over the city’s civic empire. The BJP alone won 89 wards, polling 11,79,273 votes, which translated into 45.22 percent of the winners’ vote share and 21.58 percent of the overall turnout. This surpassed its 2017 tally of 82 seats and marked the party’s most decisive urban triumph in western India.


Institutional Backbone

For a quarter of a century, the BMC was the institutional spine of Thackeray power, funding patronage networks and reinforcing a politics rooted in kinship and cultural assertion. That edifice has now cracked. Uddhav Thackeray’s Shiv Sena (UBT) slumped to 65 seats, a collapse that reflects not merely factional splits but a deeper exhaustion with a style of politics that seemed increasingly indifferent to everyday civic failures. Devendra Fadnavis’ Mahayuti alliance tapped into this frustration by projecting governance over political pedigree.


What makes Mumbai’s verdict resonate nationally is its timing. Almost simultaneously, the BJP staged a breakthrough in Kerala’s local elections, capturing 50 of 101 wards in Thiruvananthapuram and installing V.V. Rajesh as mayor - its first in the state capital in 45 years. The Left Democratic Front was reduced to 29 wards and the Congress-led United Democratic Front to 19. In two very different cities, voters appeared to reward a narrative of administrative competence and anti-corruption over ideological lineage. The BJP, long caricatured as a north-Indian force, has begun to nationalise its local-body playbook.

The lesson from Mumbai is stark. Urban electorates, especially the middle class, are becoming less sentimental and more transactional. For over two decades, the BMC functioned as a symbol of Marathi pride and familial continuity. Yet when potholes and floods became annual rituals, pride curdled into impatience. The electorate’s punishment was swift. Such behaviour suggests a maturing urban voter, willing to dispense with entrenched elites when delivery falters.


Wider Implications

These signals are being keenly watched in West Bengal, which heads to a crucial Assembly poll in April this year. Mumbai’s outcome arms the BJP with a tested template to challenge Mamata Banerjee’s Trinamool Congress in urban centres such as Kolkata. The party’s 2021 assembly performance had already demonstrated its urban appeal. Civic failures, scandals and a fraying Congress–Left understanding offer further openings. Welfare schemes like Lakshmir Bhandar continue to secure rural loyalty for Banerjee, but cities are less forgiving. The BJP’s experience in Mumbai suggests that competence, and not confrontation, may be the sharper weapon.


The ripple effects extend southwards. Tamil Nadu’s 2026 contest pits the ruling DMK against an opposition that may yet coalesce. The AIADMK, weakened but still the principal challenger, is flirting with a renewed alliance with the NDA. Its 20 percent vote share in the 2024 Lok Sabha election, combined with the BJP’s 11 percent could, on paper, threaten M.K. Stalin’s coalition, which polled around 27 percent. A swing of 5 percent would be enough to imperil the DMK in urban centres such as Chennai, particularly amid persistent allegations of graft. Yet, internal feuds within the AIADMK and the rise of actor Vijay’s political outfit dilute opposition unity, limiting the BJP’s reach despite its urban pitch.


Kerala’s verdict reinforces the broader pattern. Anti-corruption appeals and development-first messaging have shown themselves to be portable, even in states long resistant to the BJP. Still, cultural and social divides impose limits. The party’s advances are incremental rather than transformative. Regional heavyweights such as the TMC and DMK may suffer morale shocks, but they retain deep-rooted organisational strength and emotive narratives.


Even so, Mumbai’s civic upheaval marks a turning point. It suggests that India’s urban voters are increasingly willing to judge parties as service providers rather than cultural custodians. For the BJP, the BMC offers a replicable model: alliances stitched pragmatically, campaigns anchored in delivery, and an appeal tailored to middle-class anxieties. For the opposition within the I.N.D.I.A. bloc, it is a warning. Welfare populism without administrative credibility may no longer suffice.

 


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