CIDCO’s Mega Housing Project To Deliver 67,000 Affordable Homes In Navi Mumbai By 2027
The affordable housing market in Navi Mumbai is undergoing significant change, as the cost of luxury real estate has risen to almost INR 30,000 per square foot. The City and Industrial Development Corporation (CIDCO) is building 67,235 residential units under the Pradhan Mantri Awas Yojana (PMAY) as part of one of India’s biggest public housing […]
Dharavi Redevelopment: Illegal Structures To Face Demolition Based On 2023 Drone Survey
DRP CEO and NMDPL chairman S V R Srinivas stated that the Dharavi Redevelopment Project (DRP) will use a 2023 drone survey conducted by Navbharat Mega Developers Pvt Ltd (NMDPL) as a reference to identify and demolish unauthorized constructions in the Dharavi Notified Area (DNA). Any structures that emerged after the survey will be removed. […]
CIDCO Reschedules Lottery Draw For ‘My Preferred CIDCO Home’ To February 19, 2025
A new date for the computerised lottery draw of the City and Industrial Development Corporation’s (CIDCO) “My Preferred CIDCO Home” housing plan has been announced. The draw was originally scheduled for February 15, 2025, at 11:00 AM, however it has been rescheduled for February 19, 2025, from 2:00 PM to 4:00 PM. The delay’s precise […]
Why Real Estate Reigns Supreme in Long-Term Investments
Indian investors frequently compare equities, real estate, and gold. Even while each has special benefits, real estate stands out as the most dependable and lucrative option in the long run. Over the past 20 years, real estate has continuously outperformed inflation, outpacing both the volatility of equities and gold’s 6-7% yearly growth. Unlike stocks or […]
Center demands an investigation into CIDCO’s suspected PMAY green violations in Navi Mumbai
Navi Mumbai: The state-owned City and Industrial Development Corporation (CIDCO) in Navi Mumbai is accused of violating environmental laws. The Center has requested that the Maharashtra Government look into these claims. This comes after the Prime Minister received a complaint from the environmental watchdog NatConnect Foundation alleging that building is occurring “dangerously” near mangroves and […]
Navi Mumbai: NGO reports CIDCO’s PMAY homes in Mansarovar and Kharghar breach mangrove buffer zones
According to the complaint made by NatConnect Foundation on the PMO Public Grievance website, the PMAY projects have emerged close to mangroves, mudflats, and intertidal wetlands, especially in the Mansarovar and Kharghar districts. Green groups have complained to Prime Minister Narendra Modi about the residences that the City and Industrial Development Corporation (CIDCO) erected in […]
Mumbai: Real Estate Sector Celebrates the Approval of PMAY-U 2.0 by Ensuring Housing for All
Over the course of the next five years, this project seeks to give one crore urban poor and middle-class households financial support so they can build, buy, or rent homes at reasonable prices. The Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 was approved by the Union Cabinet on Monday, and the real estate industry in the […]
CSEP report on PMAY: Insufficient funding and negligible slum rehabilitation
A recent working paper by the policy think tank Centre for Social and Economic Progress (CSEP) highlighted a number of problems with the union government’s flagship affordable urban housing scheme, including long delays, inadequate subsidies that force beneficiaries to seek out high-interest loans from non-institutional sources, and minimal slum redevelopment. PM Narendra Modi’s Union cabinet […]
MHADA sets pricing; PMAY homes in Goregaon go up in price.
MHADA’s Mumbai Mandal: The cost of homes in Pradhan Mantri Awas Yojan at Goregaon, Pahadi has gone up by INR 1.92 lakh. The house under this scheme was sold for 30 lakh 44 thousand rupees in August 2023. These properties now cost 32 lakh 36 thousand rupees, payable by the qualifying winners. The PMAY program […]
PM Modi 3.0’s significant housing project under PMAY, welcomed by real estate experts
Prime Minister Narendra Modi’s new Union Cabinet made a bold decision just hours after taking office for a historic third consecutive term on June 10: to support the construction of an additional three crore rural and urban homes under the Pradhan Mantri Awas Yojana (PMAY). The goal of this large-scale project is to support the […]