How to Check if Property is CIDCO Approved?

As a resident of Maharashtra who has been a keen investor in the real estate market, I keep myself up-to-date regarding CIDCO developments. As a component of the Pradhan Mantri Awas Yojna (PMAY), CIDCO aspires to enhance the urban region while providing affordable homes for Lower Income Groups (LIG) and Economically Weaker Sections (EWS) residents of Maharashtra. If you are also planning on investing in a CIDCO property, you must know

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how to check if property is CIDCO approved. I will help you out with it.

The Maharashtra government's CIDCO Lottery 2022 is designed to assist residents of the state in purchasing a place to call home. In 2021, a similar plan was introduced. The Maharashtra Government decided to start CIDCO Lottery 2022 on January 26 this year after obtaining an overwhelmingly positive response.

How to check CIDCO approved factory properties near Vasai?

Applicants for this lottery programme must fall under the EWS and LIG categories. EWS refers to people with monthly incomes of less than INR 25,000, and LIG refers to people with monthly incomes of between INR 25,000 and 50,000.

How to check CIDCO approved heavy industrial properties near Vasai?

You can check the approval of property by CIDCO by asking for a few documents to validate the approval, from the seller.

If the seller has purchased a home from CIDCO the following paperwork must be requested from the seller:

• Allotment Message from CIDCO NOC in a letter.

• Payments made to CIDCO have been received.

• No valuation report is necessary.

• Title Clearance/Search Report is not required.

• Between the owner and CIDCO, there is a sale agreement and sale deed.

• CIDCO has sent the owner of a flat or apartment a letter of possession.

• Lease Deed signed by CIDCO in the name of a Society, Apartment Owners Association, or Pvt Ltd Co.

If the seller purchased land from CIDCO and constructed a house on it you should ask the seller for the following papers in this situation:

• Lease between applicant and CIDCO.

• blueprint for a building that has been given the CIDCO NOC in order to obtain a loan for the purchase of the real estate.

• Detailed construction cost estimate from the architect.

• Development Accord.

• A declaration that you won't be letting the House in any way.

• Construction commencement certificate from CIDCO or NMMC.

Before making an investment in such a property, you can visit the

to learn more about the procedure in detail and request all the necessary paperwork. To execute the transfer of property from one party to another, CIDCO imposes fees.

You must also be aware of the latest updates regarding CIDCO Lottery 2022.

• Eknath Shinde, the chief minister of Maharashtra, announced the opening of 7,849 dwellings for members of the economically disadvantaged (EWS) and low-income groups on October 24, 2022. (LIG). 7,849 homes total, built under the Prime Minister Awas Yojana (PMAY), are up for sale through the programme.

• The deadline for online enrollment for the programme is December 22, 2022, and it began on October 25, 2022. Beginning on October 28, 2022, and ending on December 23, 2022, are the dates for form submission.

• In a similar vein, the EMD period runs from October 28, 2022, to December 23, 2022. On January 19, 2023, a lottery will be selected for the programme.

• According to sources, CIDCO has received close to 7,500 applications so far. The CIDCO lottery 2022 Mass Housing Scheme had an exceptional response, hence CIDCO has extended the deadline for online registration to November 3, 2022. Prior to October 3, 2022, online registration for the CIDCO lottery's 2022 Mass Housing Scheme was closed. CIDCO has also extended the deadline for online lottery registration for the sale of 245 businesses spread throughout its housing complexes and commercial spaces in Navi Mumbai's train stations.

I hope I was able to explain to you how to check if property is CIDCO approved.