December 15, 2025: Homebuyers eyeing government-built homes in Navi Mumbai have received timely relief, with the Maharashtra government approving a flat 10% reduction in prices across all housing categories developed by the City and Industrial Development Corporation (CIDCO). The announcement was made by Deputy Chief Minister Eknath Shinde during the winter session of the state legislature and comes just ahead of the housing lottery process, expected to conclude within the next two months.
The price cut applies uniformly to all CIDCO homes and directly lowers the base cost of each unit, rather than being offered as a post-allotment rebate. CIDCO has already completed around 17,000 housing units across multiple nodes, including Kharghar, Vashi, Kharkopar, Taloja, Ulwe, Kalamboli, Kamothe, and Panvel. By revising prices before allotment, the government aims to ease the upfront financial burden on applicants at the booking stage.
The move is expected to have the maximum impact on buyers in the Economically Weaker Section (EWS) and Lower Income Group (LIG) categories, for whom even subsidised housing often remains financially challenging. Officials said the reduction would help narrow the price gap between CIDCO housing and other public housing schemes, which have traditionally been more affordable.
The government has positioned the decision as part of a broader push to promote home ownership and encourage demand for authorised, good-quality housing, particularly among first-time buyers. While CIDCO homes are generally priced below prevailing market rates, affordability concerns have continued to deter many applicants, a gap the revised pricing seeks to address.
The price correction is also linked to a wider housing reform agenda. The state has outlined measures to dismantle the old pagdi tenancy system, accelerate stalled redevelopment projects, and resolve long-pending legal disputes that have delayed rebuilding. Fast-track courts are proposed to clear rent-control cases, while tenants in redeveloped buildings are expected to retain existing development rights.
Additional proposals include special development rights linked to mangrove protection and the creation of dedicated housing stock for former mill workers, signalling a multi-pronged effort to improve housing access across Mumbai and Navi Mumbai.
