Cidco to build 5 lakh houses in seven years

AF­FORD­ABLE HOUS­ING Af­ter the suc­cess of last year’s Kharghar pro­ject, the plan­ning agency will build low-cost houses at Vashi, Ghan­soli

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HT NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­ An on­go­ing hous­ing pro­ject at Kharghar’s Sec­tor 36.

In its en­deav­our to pro­vide af­ford­able hous­ing in Navi Mum­bai, the City and In­dus­trial De­vel­op­ment Cor­po­ra­tion (Cidco) is work­ing on a plan to con­struct 5 lakh houses in the city in the next seven years.

The houses will be for eco­nom­i­cally weaker sec­tions (EWS) and the lower-in­come groups (LIG).

The pro­posed hous­ing projects will come up at Vashi, Ghan­soli, Kharghar, Talo­jaPach­nand and other ar­eas.

In a ma­jor pol­icy plan, the nodal agency is plan­ning to ex­clude the land cost from the prices of the flats, to help dras­ti­cally bring down the prices. Cidco has ap­proached the state ur­ban de­vel­op­ment depart­ment to grant it ad­di­tional FSI to help it re­cover the land cost from other sources in or­der to re­duce the cost of the flats it builds.

Cidco’s de­ci­sion is mo­ti­vated by the sky­rock­et­ing hous­ing prices in the city, a sit­u­a­tion that has left the lower-in­come groups in the lurch. Most de­vel­op­ers have sim­ply stopped con­struct­ing smaller houses. This leaves the com­mon man with lit­tle op­tion. It is in this con­text that Cidco has once again de­cided to con­cen­trate on its ba­sic ob­jec­tive of pro­vid­ing af­ford­able hous­ing in the city.

In the last four years, it has con­structed 8,750 houses in var­i­ous ar­eas of the city for var­i­ous sec­tions of the so­ci­ety. Of these, 4,500 houses have been for the mid­dle and lower in­come groups.

Cidco joint man­ag­ing di­rec­tor V Radha said, “Last year, there was heavy book­ing for Cidco’s Swap­na­purti hous­ing scheme in Kharghar. There were 87,000 ap­pli­ca­tions for 3,154 houses. Around 2 lakh ap­pli­ca­tion forms had been sold. The scheme proved that there is heavy de­mand for smaller and cheaper homes in the city.”

She said, “It is in this con­text that Cidco has taken a de­ci­sion to con­struct 5 lakh houses in the next seven years. We have be­gun the spade­work for the same.”

Radha said, “Work is on to se­lect the ar­eas for the projects, the hous­ing schemes, plans for the houses, the de­tails of ameni­ties to be pro­vided, pric­ing etc. We have ap­pointed an agency to con­duct the req­ui­site sur­vey.”

Radha said, “We are work­ing on ex­clud­ing the cost of land from the cost of the flats, as it forms a ma­jor chunk of the price. Such ex­clu­sion will bring a ma­jor re­lief to the buy­ers.”

She said, “Soon Cidco will be ma­jorly in­volved in the con­struc­tion of houses all over. We will con­cen­trate on pro­vid­ing EWS and LIG houses and not Mid­dle In­come Group and Higher In­come Group houses.”


Newspapers in English

Newspapers from India

© PressReader. All rights reserved.