Cidco declares lottery for 14.8K affordable homes
Cidco officials revealed that the houses available under the lottery vary in price ranging between Rs 18 lakh to Rs 25 lakh.
Mumbai: The City and Industrial Development Corporation (Cidco), a state-planning agency, on Saturday anno-unced lottery for 14,838 affordable apartments in the Navi Mumbai area. The lottery will help boost the Centre’s PMAY (Pra-dhan Mantri Awas Yojna) scheme. The houses will be given to those who fall under the Low Income Group (LIG) and econo-mically weaker section (EWS) categories.
According to the criteria of PMAY scheme, the applicant should not possess a pucca house in any part of the country. Cidco officials revealed that the houses available under the lottery vary in price ranging between Rs 18 lakh to Rs 25 lakh.
Cidco MD Lokesh Chandra, on Saturday, revealed that the online process for the lottery will commence on August 13 and the applications will be accepted till September 13. When tried contacting Mr Chandra, he remained unavailable for a comment.
Cidco authorities further revealed that around 5,262 apartments will be constructed for the EWS category and rest for the LIG category. The lottery procedure will be conducted online and the draw will be done on October 2 this year. The carpet area of a EWS category house will be 25.81 sq mt and those in LIG will have carpet area of 29.82 sq.
Applicants for PMAY houses should have a monthly income of at least Rs 25,000 and for LIG houses, the income should range between Rs 25,000 to Rs 50,000. Further, the applicants would be required to get their income copy certified with the tehsildar.