#CIDCO Lottery Scheme New Update

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CIDCO Lottery Scheme 2024 | Latest Update

CIDCO Lottery Scheme 2024: CIDCO Begins Accepting Applications for 5730 Navi Mumbai Homes

For individuals who have always wanted to acquire a home in Navi Mumbai, the CIDCO Lottery 2024 offers a glimmer of hope. This year's lottery promises a simpler route to affordable housing with a longer installment payment plan and new contact details for queries. In one of Maharashtra's most sought-after metropolitan cities, the CIDCO Lottery is your doorway to a better future, whether you're looking to resume blocked payments or explore new prospects. Speak with the CIDCO Nivara Kendra for all the assistance you require, then take the first move towards obtaining your ideal house right now.

CIDCO: What is it?

The Maharashtra government established CIDCO, or the City & Industrial Development Corporation of Maharashtra Limited, on March 17, 1970. They see themselves as the top town planning organization in the nation.

Offer physical and social services that raise living standards and reduce disparities in the amenities available to different sections of the population is their stated goal.

Stated differently, their goal is to give lower-class individuals and those living in the economically weaker sections access to reasonably priced residential and commercial real estate. These buildings are well-planned, environmentally friendly, and sustainable because the architects are town planners. They apply their knowledge.

To create an atmosphere that enables the people of New City to lead richer, more fulfilling lives, free from the social and physical conflicts that are typically connected to living in an urban setting, to the extent that this is feasible. To enable the current local people in the project area to adjust to the new urban environment and fully and actively engage in the social and economic life of the New City, we will offer them all the facilities and training they need.

Because CIDCO builds houses that support a better living for people who need it most—in addition to being affordable—they are in high demand. In the Taloja node in Navi Mumbai, CIDCO is currently accepting online registrations for 5730 houses in the general category and the economically weaker section (EWS).

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CIDCO Lottery 2019: Application Process and Eligibility Criteria | CIDCO Lottery 2019

The City and Industrial Development Corporation (CIDCO) is a Maharashtra run planning agency established on 17 March 1970 to develop a satellite city for Mumbai. It is now a special planning authority that develops new cities by planning and developing the necessary infrastructure and municipal services on a large scale.

CIDCO will offer 90,000 homes in Navi Mumbai through a lottery scheme. The scheme will start from July 2019 and will end in August 2019. Potential areas will be covered under the scheme Panvel, Taloja, Kharghar, Kharkopar, Kalamboli and Ulwe others. 90,000 affordable houses will be called, out of which 37,000 houses will be made available to the Low IncomeGroup (LIG), while 53,000 houses will be given to the Economically Weaker Section (EWS).

Affordable homes for EWS will cover a carpet area of​​25.81 square meter, while homes built for LIG will have a carpet area of​​29.82 square meter. The lottery winners will be announced next month and will need to be paid once the construction of the houses begins. A similar lottery scheme was issued by CIDCO in early 2019 with 50,000 applications received for 1,100 affordable homes.

Check you are eligible or not for the application process?

Potential buyers should check the eligibility criteria before entering the lottery scheme to avoid any unnecessary mess and rejection.

Economically Weaker Section - Households that earn an average monthly income under INR 25,000 can avail EWS houses under this scheme. The houses that will be supplied under this lottery scheme can cost between INR 17-19 lakhS. CIDCO will deposit INR 5,000 as the earnest money deposit for EWS houses.

Low income group - Households who earn an average monthly income between INR 25,000 to INR 50,000 can avail LIG houses under this scheme. The houses that will be supplied under this lottery scheme can cost anywhere between INR 25-27 lakhs. A deposit of INR 25,000 will be retained by CIDCO as an earnest money for LIG houses.

Earnest money deposit - It is a negotiable amount between the buyer and seller which is about 1% -2% of the property purchase price. This deposit is in the form of a credit for down payment and closing costs by the seller.

Process through which you apply your application:

Visit the official site of CIDCO https://cidco.maharashtra.gov.in/

Register / register for "Lottery Scheme 2019".

Enter your required basic details in the "Applicant Registration Form".

Next upload the canceled check with your PAN card, Aadhar card, bank details and your photo.

After confirmation, you can check the acceptance of your uploaded documents.

Next, choose the plan you want from the drop down menu.

Print the confirmation slip and sign the required places you need to scan the receipt and upload it back to the site.

In addition, you will be taken to the payment page where you have to pay online. NEFT / RTGS / Net Banking / Debit Card etc. This will end your application process.

Check your Application Status from below steps:

Visit the official site of CIDCO https://cidco.maharashtra.gov.in/

From the live bulletin update open the tab "CIDCO Lottery 2019".

View your selected region from the list of given fields.

If your application has been accepted by CIDCO, then find your name in the list.

Finally, if your application is one of the pictures in the lottery, your name will appear in the winners list next month.

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