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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 Czarina of Content

The nine days of Navratri celebrate goddesses who embody strength in different forms; valour, compassion, creativity, austerity, devotion, justice, protection, forgiveness and wisdom. In our annual Navratri series, we celebrate the lives of nine women who strive to build happy and safe spaces for themselves and those around them.


PART - 12


Name: Ekta Kapoor | Where: Mumbai, Maharashtra
Name: Ekta Kapoor | Where: Mumbai, Maharashtra

Version 2025 of the hugely popular serial, Kyunki Saas Bhi Kabhi Bahu Thi is back on television and topping the ratings charts, exactly 25 years after its original avatar transformed Indian television. When Ekta Kapoor stepped into the world of television content production, with Balaji Telefilms, in 1994, she was a young woman, barely 20 years old. This year, the ‘Czarina of Indian Television’—as she is often known as—completes three successful decades in the world of content production, through television and then OTT.


Among her early creations was the lovable sitcom Hum Paanch, the father ably played by veteran actor Ashok Saraf and five young actresses playing his daughters, While the show was widely watched and appreciated for its refreshing take on family relationships, Kyunki Saas Bhi Kabhi Bahu Thi catapulted Ekta into the big league of enormous recognition and success, only five years later. Those were the days when family dramas on television were fading and channels struggled for mass content. Balaji Telefilms kept Indian glued to their screens with Kahaani Ghar Ghar Kii Kasautii Zindagii Kay and many more. All of a sudden, the alphabet K was seen as the lucky charm.


Ekta gave Indian audiences drama-filled family sagas layered with a virtuous leading lady, scheming in-laws, an evil woman, men who were nothing more than fillers in the story. Avant-garde costumes, jewellery and make-up were normalised as routine domestic looks. There was drama and of course, moral conflict. These were stories that women could relate to and yet, were way larger than life. It was a popular joke that the streets would go empty when these daily soaps would be aired.


Ekta brought characters to life and gave thousands of young men and women a chance at fulfilling their dreams in tinsel town. Suburban Mumbai became home to thousands who flocked with new hopes to rise to celebrityhood. All that they needed was the attention of the ‘queen of content’.


The shows came with rightful criticism; Ekta was accused to creating ‘regressive characters’ of women who kept suffering domestic battles. But Ekta put women at the centre of her storytelling—stories of sacrifice, empowerment, survival and resilience resonated with millions of viewers, cutting across the urban-rural divide.


In a recent interview, Ekta said that awareness and innovation are key. Spotting the move from television to digital platforms, the media maven moved her content to the digital world with ALTBalaji, creating content for viewers who didn’t watch the more urbanised shows on Netlfix.


Using new ideas and concepts and new creators, she experimented with new genres—thrillers, romances, crime dramas—that broke away from the traditional saas-bahu mould.


With Balaji Telefilms, she gave viewers movies from the critically acclaimed The Dirty Picture and Udta Punjab to youth stories. Ekta gave several a launchpad to showcase their talent—as writers, moviemakers, actors, musicians and costume designers. Thirty years as a leader in an industry where people’s attention is hard to hold, isn’t a mean feat.

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