How does CIDCO lottery work?

Under the CIDCO lottery scheme 2020, 94,000 houses will be allocated to the draw. Of these, a total of 53,000 houses are for eligible candidates belonging to the Economically Weaker Section (EWS) and 41,000 houses are for persons belonging to the Lower Income Group (LIG) category.

Is it safe to buy mhada flats?

Those who own flats MHADA flats are allowed to sell their units only after five years from the date of purchase. However, one needs to be cautious if one is buying a flat in resale. Sale through the power of attorney is deemed illegal, and if the MHADA conducts a surprise raid, you are liable to be evicted.

Is domicile certificate required for mhada lottery?

MHADA Lottery 2020-21 Eligibility Criteria The applicant needs to be at least 18 years old. He/she should produce the Domicile Certificate that should vouch that he/she has lived in Maharashtra for 15 continuous years.

What is LIG and EWS in CIDCO?

CIDCO is a part of Pradhan Mantri Awas Yojana (PMAY). It builds and offers many new houses and flats to the impoverished households of the state. People belonging to the categories of EWS (Economically Weaker Sections), and LIG (Lower Income Group) are the prime focus of the scheme.

Which is best investment in Navi Mumbai?

7 best Locations in Navi Mumbai to invest:

• Panvel. Panvel has emerged as a booming real estate market in the past few years.
• Kharghar.
• Ulwe.
• Taloja.
• Seawoods.
• CBD Belapur.
• Sanpada.

Who is eligible for Cidco lottery?

An individual or family whose monthly income is Rs 25,000 can apply in the Cidco Housing Scheme under the category {EWS}. Under the EWS category, people from weaker sections are placed. Similarly, a person or family whose monthly income is Rs 25,000-50,000 can apply under CIDCO Housing Scheme under the category {LIG}.

Can we sell cidco lottery flat?

The state government is planning to legalise the transfer of flats allotted in CIDCO projects in Navi Mumbai. At present, the beneficiaries who are allotted CIDCO flats, cannot sell it for at least five years.

Can we sell MHADA property?

According to the state housing department, the government has decided to enforce rules that will restrict the sale of Mhada houses permanently in the open market. “If people want to sell their Mhada flat, they can sell it back to the Maharashtra Housing and Area Development Authority (Mhada).

What is LIG mhada?

As per the authorities, in 2019, 63 flats were to be allotted to the economically weaker section (EWS), 126 to low-income group (LIG), 201 to middle-income group (MIG) and 194 units to high-income group (HIG) applicants.

Can we sell cidco flat?

Can you sell CIDCO flats? The state government is planning to legalise the transfer of flats allotted in CIDCO projects in Navi Mumbai. At present, the beneficiaries who are allotted CIDCO flats, cannot sell it for at least five years.