When buying or selling a flat in Navi Mumbai, terms like CIDCO transfer often surface—and for a good reason. At Destiny Properties, we believe that informed decisions lead to hassle-free transactions. This blog breaks down what CIDCO transfer is and whether it’s necessary for resale flats.
What is CIDCO?
CIDCO (City and Industrial Development Corporation of Maharashtra) is the nodal agency responsible for planning and developing Navi Mumbai. When land is leased or allotted by CIDCO, ownership rights come with specific rules and documentation—CIDCO transfer being one of them.
What is CIDCO Transfer?
A CIDCO transfer is a legal process through which the ownership of a property (built on CIDCO-leased land) is officially recorded and recognized by CIDCO when sold from one party to another.
This is different from a standard sale deed registration. Even after you register a flat at the local sub-registrar’s office, CIDCO must update their records to reflect the new ownership. This is especially critical in areas like Vashi, Nerul, Belapur, Kharghar, and other parts of Navi Mumbai where land is often leased from CIDCO for 60 years.
Is CIDCO Transfer Required for Resale Flats?
Yes, CIDCO transfer is mandatory when selling or buying a resale flat that is built on CIDCO-leased land. Without this transfer:
• CIDCO’s records won’t reflect the new ownership.
• You might face hurdles while obtaining a NOC (No Objection Certificate) for future sales or redevelopment.
• Loan approvals could get delayed or rejected.
• It may affect the legal validity of your ownership in CIDCO’s view.
Exceptions
CIDCO transfer may not be required in:
• Freehold properties (where ownership is outright and not leased).
• MHADA or privately owned land (depending on the terms of ownership).
However, it’s always best to verify the land status before skipping the CIDCO transfer.
Documents Required for CIDCO Transfer
Here are some key documents typically required:
• Sale Deed
• CIDCO Transfer Application Form
• NOC from Housing Society
• Latest property tax receipt
• Proof of payment of CIDCO transfer charges
The charges may vary depending on the property value and location.
Final Thoughts
