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25,000 low cost houses in Navi Mumbai in a year, announces CM Fadnavis

The state has also directed the corporation to build 1 lakh affordable houses under the Pradhan Mantri Awas Yojana (PMAY) in the next four years for the poor.

mumbai Updated: Aug 14, 2018 00:53 IST
Surendra Gangan
Surendra Gangan
Hindustan Times
low cost homes,Navi Mumbai homes,Navi mumbai buildings
CM Fadnavis at the launch of Cidco’s mega housing scheme on Monday.(HT Photo)

With the Lok Sabha elections less than a year away, the state government has grand plans for realty in the Mumbai Metropolitan Region (MMR).

While CM Devendra Fadnavis announced on Monday that state agency City and Industrial Development Corporation (Cidco) would build 25,000 low-cost houses in Navi Mumbai by the end of 2018, he launched the corporation’s scheme for 14,838 low-cost houses. The state has also directed the corporation to build 1 lakh affordable houses under the Pradhan Mantri Awas Yojana (PMAY) in the next four years for the poor.

Fadnavis said Cidco has identified the possibility for construction of the new housing stock of 25,000 apartments and the tendering process has begun.

“Maharashtra is a leading state in the country to have started the construction of 6.5 lakh houses under PMAY for the poor. Of the total demand for the houses in the state, 50% is from the Mumbai Metropolitan Region. Cidco’s two schemes will help meet the demand in this area. Besides, the Cidco has also been given the target to build 1 lakh houses under PMAY in next four years,” the CM said.

The lottery for the 14,838 homes, in the range of ₹18 lakh to ₹24.5 lakh, started on Monday.

The houses are in Taloja, Kharghar, Kalamboli, Ghansoli and Dronagiri.

Also, to meet PMAY’s target of 19.5 lakh houses for the state till 2022, Mhada will build 1 lakh through a public-private partnership.

The housing authority will build another 5 lakh houses through a joint venture.

The CM has also directed Cidco to keep ineligible investors and applicants away from the scheme.

“The CM has given us the revised target of 1 lakh houses, from the earlier target of 52,000, under PMAY. We will look at opportunities for these houses, besides the 10% stock that compulsorily comes from constructions in the Navi Mumbai Airport Influence Notified Area (Naina) township,” said Prajakta Lavangare, joint managing director, Cidco.

First Published: Aug 14, 2018 00:53 IST