For years, CIDCO (City and Industrial Development Corporation) has been a name that budget homebuyers in Navi Mumbai trust. With its ‘My Preferred Home’ scheme, CIDCO has once again made homeownership more accessible for the middle and lower-income segments, offering well-planned homes at affordable prices across Navi Mumbai’s emerging nodes.
If you’re looking to buy your first home without stretching your finances, here’s everything you need to know.
1. What Is CIDCO’s ‘My Preferred Home’ Scheme?
The ‘My Preferred Home’ scheme is CIDCO’s latest housing initiative that lets buyers choose from ready or under-construction flats developed under the Mass Housing Project. The scheme mainly targets EWS (Economically Weaker Section) and LIG (Lower Income Group) buyers but also includes options for the middle-income category.
Unlike previous lotteries, this scheme allows buyers to select a flat of their choice from the available inventory—making the process more flexible and transparent.
2. Price Range and Home Options
One of the biggest attractions of this scheme is its affordability. Depending on the location and size, prices typically range as follows:
• 1BHK flats: ₹25–₹40 lakh
• 2BHK flats: ₹40–₹65 lakh
These prices are significantly lower than the market rates in Navi Mumbai, especially in upcoming areas. The homes are built with basic amenities and good connectivity, ideal for first-time buyers and families looking for a stable investment.
3. Prime Locations under the Scheme
CIDCO’s ‘My Preferred Home’ flats are spread across Navi Mumbai’s fast-developing and well-connected nodes, including:
• Taloja: Known for its budget-friendly housing and improving infrastructure, thanks to the upcoming metro connectivity.
• Kharghar: Offers slightly higher-priced units but with excellent livability, education hubs, and proximity to the new Navi Mumbai Airport.
• Kalamboli & Panvel: Perfect for buyers seeking growth potential with new transport and commercial developments underway.
• Dronagiri & Ulwe: Rapidly developing due to the upcoming Trans Harbour Link and airport connectivity, making them smart long-term bets.
Each location offers easy access to highways, railways, and essential facilities like schools and hospitals.
4. How to Apply for CIDCO’s ‘My Preferred Home’ Scheme
Applying for the scheme is a straightforward process. Here’s a step-by-step guide:
1. Visit the official CIDCO website: https://cidco.maharashtra.gov.in
2. Register and create a user profile using your Aadhaar-linked mobile number and email.
3. Browse available flats by location, size, and price range.
4. Select your preferred unit and make the online application payment.
5. Once selected, complete verification and pay the token amount or proceed with a home loan through approved banks.
Buyers should ensure they have the required documents—income proof, Aadhaar, PAN card, and photographs—ready before applying.
5. Pitfalls to Watch Out For
While the scheme is beneficial, buyers should stay alert to avoid common mistakes:
• Hidden Costs: Check for maintenance, parking, and registration charges that may not be included in the advertised price.
• Location Challenges: Some nodes may still be developing, so evaluate current connectivity and social infrastructure before finalizing.
• Loan Approval: Confirm your eligibility and pre-approval from banks before applying to avoid payment delays.
• Scams or Middlemen: Always apply only through CIDCO’s official website or verified representatives.
6. Why It’s a Smart Move for Budget Buyers
CIDCO’s ‘My Preferred Home’ scheme bridges the gap between affordability and urban living. With government-backed quality, strategic locations, and transparent pricing, it’s a golden opportunity for buyers to own a home in Navi Mumbai without overstretching their budget.
For those looking to invest or settle down, this scheme offers long-term value appreciation as Navi Mumbai’s infrastructure—especially the airport, metro, and Trans Harbour Link—continues to boost property demand.
If you’ve been waiting to own your dream home in Navi Mumbai, CIDCO’s ‘My Preferred Home’ scheme could be your chance. With the right guidance and due diligence, you can find a home that fits your budget and your lifestyle.
At Destiny Properties, we help buyers make informed choices—matching them with the right projects, paperwork support, and genuine deals.
Your preferred home could be just a call away!
