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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 Follow-Up You Skipped

The meeting went well. Everyone agreed on that. He was articulate, confident, well prepared. He read the room perfectly, asked the right questions, left a strong impression. People exchanged cards. There were warm handshakes and genuine smiles. The kind of first meeting that feels like the beginning of something real. And then nothing. No email. No message.


No acknowledgement that the conversation had ever happened. Days passed. Then a week. The impression he had worked so carefully to create began to quietly unravel — not because of anything he said in the room, but because of everything he failed to do after leaving it. This is one of the most common and costliest personal brand mistakes I observe in accomplished founders. Not the dramatic failures. The invisible ones. The follow-up that never came. Most founders understand the importance of the first impression. They prepare for it, invest in it, obsess over it. The handshake, the introduction, the pitch these receive enormous attention. And then the meeting ends and the attention goes with it. What happens next the email sent within twenty-four hours, the specific reference to something discussed, the simple act of saying "it was genuinely good to meet you" is treated as optional. A nicety. Something to get to when there is time.


There is never time. And that silence communicates something to everyone on the other side of it. Think about the last significant meeting you had. A potential client, a collaborator, a connection that felt genuinely promising. Did you follow up? Within twenty-four hours? With something specific enough to show that you were actually present in the conversation not just physically in the room? Or did you return to the business of your day and tell yourself you would get to it later? Because here is what the person on the other side experienced. They left the meeting with a positive impression. They may have even spoken about you to someone else — told a peer about this founder they had just met, someone worth knowing. And then the silence arrived. And with it, a quiet internal conversation that went something like this: maybe they were not as interested as they seemed. Maybe I read it wrong.


Maybe they do this with everyone. The recalibration is never announced. It simply happens. And the version of you that existed in their mind before the silence is never quite the same after it. The person who seemed so impressive in the room revealed, through their absence, exactly how they operate when nobody is watching them perform. A personal brand is not built only in the moments of visible effort. It is built in the moments of invisible effort the follow-up nobody sees you send, the thank you note nobody required, the specific detail that tells the other person you were genuinely listening.


These are the moments that separate the founders who are remembered from the ones who were merely impressive. The irony is that follow-up requires almost no time. A well-crafted message takes three minutes. What it communicates takes far longer to build through any other means. It signals attention, care, professionalism and genuine interest all in a single act that most people cannot be bothered to perform. And for a founder at a serious level where every relationship has compounding potential, where reputation travels faster than any introduction the cost of that silence is never just one missed connection. It is the conversations that never happened. The referrals that went elsewhere. The collaborations that went to someone who simply took three minutes to say it was a pleasure, and here is why. Your brand lives in those three minutes. Not in the meeting itself. In what you choose to do or not do after it ends. If this landed somewhere specific for you, a Founder Brand Audit is a focused consultation call where we examine exactly what your brand is communicating in every room, and in every silence after it. This is the beginning of a specific investment in yourself.


Five slots open each week. Book your call here: https://www.calendly.com/divyaaadvaani/founder-brand-audit Divyaa Advaani, Personal Branding Strategist


(The author is a personal branding expert. She has clients from 14+ countries. Views personal.)

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