As the festive season approaches, there's good news for homebuyers in Navi Mumbai. The City and Industrial Development Corporation (CIDCO) is set to offer a golden opportunity for individuals seeking affordable housing in the vibrant NAINA region. CIDCO, known for its commitment to inclusive development, is all set to allot flats under its Inclusive Housing Scheme (IHS). In this blog, we will delve into the details of this exciting housing initiative, aimed at providing homes to economically weaker sections (EWS) and lower-income groups (LIG) through private developers.
Eligibility and Offerings:
CIDCO is offering a total of 171 tenements in the NAINA project region, with seven tenements earmarked for sale to economically weaker sections (EWS) and 164 tenements dedicated to lower-income groups (LIG). According to the approved Development Control and Promotion Regulations (DCPR) of the NAINA project, developers with plots of areas measuring 4000 sq. mtr. or more are required to allocate a portion of their land for EWS and LIG housing under the Inclusive Housing Scheme.
Application Process:
CIDCO has made the application process accessible through online registration, which commenced on September 21, 2023. Interested applicants can visit the official website, lottery.cidcoindia.com, for details and to submit their applications. The submission of documents will determine eligibility for the lottery draw.
Important Dates:
- Online registration: September 21, 2023, to September 29, 2023.
- Document verification and eligibility determination: September 29, 2023, to October 18, 2023.
- Online payment: September 29, 2023, to October 19, 2023.
- Draft list of accepted applicants: November 02, 2023.
- Final list of accepted applicants: November 04, 2023.
- Lottery draw: November 08, 2023, at CIDCO Bhavan.
Keyword Placement: Important dates, lottery draw, document verification, eligibility determination.
Post-Lottery Process:
CIDCO's role is to select eligible applicants through the lottery draw and communicate the list to the respective developers. Subsequent processes, including full payment, issuance of NOCs for home loans, agreement execution, and cooperative housing society establishment, will be managed by the developers.
Final Note:
It's essential to note that CIDCO will not be responsible for any further proceedings beyond the lottery draw and the communication of eligible applicant lists to developers.
CIDCO's Inclusive Housing Scheme in Navi Mumbai's NAINA region offers a promising opportunity for individuals seeking affordable housing options. With a transparent application process and an emphasis on inclusivity, this initiative aligns with CIDCO's commitment to providing quality housing for all. Don't miss out on the chance to be a part of this exciting housing scheme!
For more information and updates on this initiative, please visit our website, www.houzyy.com, and follow our official social media accounts for the latest news and announcements. We look forward to helping you find your dream home in Navi Mumbai's vibrant NAINA region!
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