CIDCO is implementing the mega housing scheme based on the concept of ‘Transit Oriented Development’ in various nodes of Navi Mumbai which comprises 1,12,500 tenements
Housing projects of the City and Industrial Development Corporation (CIDCO) received financial backing as it has signed an agreement with the State bank of India (SBI) for a line of credit of Rs. 5,000 crores for its Mega Housing project under Prime Minister Awas Yojana (PMAY) at an interest rate of 6%.
Source – Free Press Journal
