Cidco to start build­ing low-cost houses from Septem­ber

MORE HOUSES 13,810 houses will be con­structed in first phase, 55,000 homes in five years

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HTNAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­[email protected]­dus­tan­

CBD BELAPUR: Cidco is all set to be­gin work on its plan to con­struct 55,000 houses in 5 years for the lower in­come groups (LIG) and eco­nom­i­cally weaker sec­tions (EWS) in the city.

Con­struc­tion of the first set of af­ford­able houses is ex­pected to be­gin from Septem­ber this year.

In a ma­jor pol­icy plan, the nodal agency is plan­ning to ex­clude the land cost from the prices of the house to help dras­ti­cally bring down the prices.

To en­sure that the project qual­ity is not as has been the case with its pre­vi­ous projects, Cidco has de­cided to de­mand a guar­an­tee of 10 years from the con­trac­tors.

In the first phase 13,810 houses will be con­structed. The first phase will wit­ness con­struc­tion of houses in Kharghar, Taloja-Pach­nand, Ulwe and Dron­a­giri.

Cidco se­nior pub­lic re­la­tions of­fi­cer Mo­han Ni­nawe said, “The ten­ders for the projects are be­ing worked upon. The ac­tual con­struc­tion work is ex­pected to start in 6 months time.”

With hous­ing prices spi­ral­ing in the city, leav­ing the lower in­come groups in the lurch, CIDCO has taken a de­ci­sion to pro­vide af­ford­able houses to the res­i­dents.

It 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.

While prices of flats in the city are touch­ing the sky, most de­vel­op­ers have sim­ply stopped con­struct­ing smaller houses. This leaves the com­mon man with lit­tle op­tions. 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 over four years, Cidco 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.

Ac­cord­ing to Cidco joint man- ag­ing di­rec­tor V Radha, “In 2014, there was heavy book­ing for the Swan­papurti hous­ing scheme of Cidco in Kharghar. There were 87,000 ap­pli­ca­tions for 3,154 houses. Around 2 lakh ap­pli­ca­tions had been sold. The scheme proved that there is de­mand for cheap bud­get homes in the city.”

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