Cidco plans mass housing scheme

Saturday, 13 August 2011 - 4:00am IST | Place: Mumbai | Agency: DNA
A proposal will soon be put before the board of directors at the planning agency for administrative approval.

The City and Industrial Development Corporation (Cidco) is planning to come up with yet another mass housing scheme for people from below poverty line (BPL), low income group (LIG), medium income group (MIG) and high income group (HIG) categories.

A proposal will soon be put before the board of directors at the planning agency for administrative approval.

As per the proposal, the planning agency is mulling over constructing 11,618 residences in Kharghar, Taloja and Ghansoli for different economic categories. For the LIG and MIG, the company is proposing 1 BHK flats, while MIG and HIG buyers are being considered for 2 and 3 BHK residences. “Everything is in the nascent stage right now, but Cidco is expected to offer flats of 280 to 360 sq ft for BPL and LIG, while for MIG and HIG, it will be in the range of 600 and 1,000 sq ft,” revealed a source.

Cidco has identified open areas in Sector 36 of Kharghar, while in Ghansoli, the new housing scheme is being planned near Gharkul, the corporation’s old residential project.

“In Taloja, the site is yet to be identified. Besides, the prices of the flats too are undecided as of now,” added the source.

Cidco joint managing director Tanaji Satre refused to divulge details, but confirmed that the corporation will be coming up with a proposal.

“We are pondering over tabling the proposal before the directors in a month’s time,” said Satre. Work on the project is likely to begin by the end of October, sources claim.


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