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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 Jain who would have been King

Suresh Jain’s missed shot at Maharashtra’s top post had little to do with his faith and everything to do with backroom arithmetic.

Jalgaon: In Maharashtra’s never-ending political theatre, few tales have endured with such puzzling elasticity as the claim that Jalgaon strongman Sureshdada Jain was reportedly denied the Chief Minister’s chair just because he was a Jain. This story, resurrected recently by MNS president Raj Thackeray for the second time since January 2023, is as persistent as it is misleading. Such whispers that play on identity and prejudice offer a reductive explanation for a far more tangled web of realpolitik.


After all, Shiv Sena founder the late Balasaheb Thackeray and Mukesh Patel, the two men central to the story, are no longer alive to clarify. And having written Sureshdada’s biography based on verifiable fact (which was praised by the man himself as “excellent”), I owe it to the record to separate invention from reality.


To those familiar with Maharashtra’s coalition churn in the mid-1990s, the true story is neither obscure nor ambiguous. After the 1995 state assembly elections, the Shiv Sena-BJP alliance found itself staring down the barrel of arithmetic defeat. With just 125 seats—20 short of a majority—the ruling coalition needed to cajole or coerce 20 independents to stay afloat. The Sena’s local lieutenants, not known for the finesse required in such delicate operations, were quickly outmanoeuvred by the Congress-NCP camp led by Vilasrao Deshmukh and Sharad Pawar.


The Jain factor

Sureshdada Jain, a seasoned Congress defector, had not only crossed over to the Shiv Sena but had earned Balasaheb Thackeray’s rare trust. The late Mukesh Patel, a loyal Shiv Sainik and strategist, had strongly urged Thackeray to make Jain the Chief Minister. Why? Because Jain had already demonstrated his cross-party prowess. Alongside Patel and the Dardas—Vijay from Nagpur and Rajendra from Sambhajinagar—he had once engineered a Rajya Sabha win for Vijay Darda against stiff opposition from Sharad Pawar himself. For Balasaheb, still smarting from Congress’s attempts to reclaim power, that was proof enough.


Thackeray did not hesitate. “Try,” he reportedly told Jain, thus greenlighting the mission to round up independent MLAs. But by then, most had already gravitated towards Pawar’s camp. The numbers did not add up, and the plan had collapsed. The Chief Minister’s chair remained elusive not because Sureshdada was from the Jain community, but because Pawar, Deshmukh and cold electoral math had already closed the window.


Balasaheb’s strategy

The charge of religious discrimination rings especially hollow when viewed against Balasaheb’s own conduct. Not only had he wooed Jain into the Sena fold, but he also appointed him Minister of Trade and Commerce (hardly a token portfolio) and later, Housing Minister after being inspired by Jain’s housing initiatives in Jalgaon. If Thackeray had indeed been wary of Jain’s religious identity, such appointments would never have followed.


Former BJP veteran Eknath Khadse claims Balasaheb opposed Jain due to his “businessman mentality”.


Political narratives often serve more as strategic assets than as historical accounts. One version invokes Prakash Javadekar as a ‘messenger’ while another features Khadse and Nitin Gadkari. The dramatis personae change, but the intended punchline remains unchanged, which is that Sureshdada didn’t fit the image.


And yet, Jain’s own record speaks of loyalty and risk-taking rarely seen in Maharashtra politics. He quit his Congress MLA seat to join the Sena. Later, when Sharad Pawar tried to lure him back with the promise of a ministerial berth, he refused. Instead, he marched back to Matoshree, resigned again and re-contested the election on a Sena ticket, winning once more.


Those spinning theories of faith-based exclusion ignore these inconvenient facts. They also gloss over the most obvious truth that politics is rarely governed by idealism or identity alone. Power, in Maharashtra as elsewhere, is often a function of timing, numbers and transactional trust. Jain may not have become Chief Minister, but it was not because of his religion. He simply played a game that was already lost.

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