Owning a home or plot in Navi Mumbai is a dream for many, and CIDCO (City and Industrial Development Corporation of Maharashtra) has made it possible for thousands of families through its affordable housing and plot schemes. These schemes not only offer planned residential options but also help buyers save significantly compared to open-market prices.
If you are planning to buy a property in Navi Mumbai, here’s everything you need to know about CIDCO’s plots and housing schemes, including how to apply and how to save money.
What is CIDCO?
CIDCO is a government authority responsible for the development of Navi Mumbai. It regularly launches housing schemes, plots, and commercial property schemes at affordable rates to encourage homeownership and planned urban growth.
Unlike private developers, CIDCO properties often come at lower prices, making them a smart investment for budget-conscious buyers.
Benefits of Buying a CIDCO Plot or Flat
- Affordable Pricing – Rates are usually lower than market value.
- Prime Locations – Properties are located in fast-developing nodes like Kharghar, Ulwe, Dronagiri, Taloja, and Panvel.
- Transparency – Allotments are done through lottery or e-auction, reducing the risk of fraud.
- Long-Term Appreciation – CIDCO projects are in growth corridors, ensuring value appreciation over time.
How to Apply for CIDCO Housing and Plot Schemes
1. Check Official Announcements
• Visit www.cidco.maharashtra.gov.in or follow CIDCO’s official social media for new scheme notifications.
2. Register Online
• Create an account on the CIDCO portal and fill in your personal and income details.
3. Choose the Scheme
• Select from available housing or plot schemes based on location, budget, and eligibility.
4. Pay the Application Fee
• Fees vary depending on the type of property. Payment is done online through net banking, UPI, or card.
5. Submit Documents
• Upload identity proof, address proof, PAN, Aadhaar, and income certificate (for EWS/LIG categories).
6. Lottery or Auction Process
• Flats are usually allotted via lottery, while plots may be allotted through e-auction.
7. Allotment and Payment
• If selected, pay the token amount and follow CIDCO’s payment schedule.
Tips to Save Money When Applying
- Apply in Early Phases – Prices are lowest when a scheme is first launched.
- Check Eligibility for Subsidy – If you qualify under PMAY (Pradhan Mantri Awas Yojana), you can get an interest subsidy on your home loan.
- Prefer Lottery Flats – Lottery-based flats are cheaper than e-auction properties.
- Avoid Middlemen – Apply directly through CIDCO’s official website to prevent extra costs.
- Compare Loan Offers – Check multiple banks for lower EMI and processing fees.
CIDCO housing and plot schemes are a golden opportunity for homebuyers and investors in Navi Mumbai. With affordable rates, transparent allotment, and good future appreciation, these schemes can help you own property at a fraction of the market price.
If you are planning to apply for the next CIDCO scheme, stay updated on announcements, prepare your documents in advance, and make sure to apply directly online.
At Destiny Properties, we help you with the latest CIDCO updates, guidance on eligibility, and support in choosing the right scheme for your budget and needs.
