For most Indians, purchasing a house is viewed as an indication of reaching a milestone in life. However, with the increasing real estate prices, most people tend to apply for a loan to be able to afford a home purchase. To tackle this problem, the state and central government of India have introduced numerous housing schemes. The CIDCO Lottery 2020-21 scheme launched by the Maharashtra Government aims at constructing about 1.10 lakh settlements in selected regions of Navi Mumbai. The goal is to build well-planned, sustainable, and environmental-friendly properties for both residential and commercial purposes. Under the CIDCO Lottery scheme 2020-21, 41,000 to 53,000 houses will be offered to the Economically Weaker Sections (EWS) and Lower-income group (LIG). The planning of these settlements is such that the houses will be built within 2kms of essential services, like railway networks and bus stations, offering better connectivity to individuals.
Here’s a list of locations where homes will be built and put up for the CIDCO new lottery scheme in Navi Mumbai.
Economically Weaker Sections (EWS)
Lower Income Group (LIG)
The following are the documents required for the CIDCO Scheme
The following are the steps to register for the CIDCO Lottery Scheme:
To register, you first need to visit the online official website of ‘The City and Industrial Development Corporation of Maharashtra’. On the homepage of the website, you need to select the “Register for Lottery” option
Enter the details such as “User name”, “Password” and “Confirm Password” and fill in the first name, father/ husband name, surname, date of birth, and mobile number and click on the submit option.
Enter the captcha and click on “confirm” and a popup message will appear where you need to enter the OTP you received on the registered number
Click the “ok” option and enter the monthly income, pan card number, re-enter pan number and applicant name as on pan card on the application form
Now upload a scanned copy of pan card and enter your Aadhar card number, re-enter Aadhar card number and applicant name as on Aadhar card
Upload your recently scanned coloured picture and fill in all the required personal details including your bank account number, IFSC Code, Bank Name, and bank branch name
Finally, enter the captcha code and click on the submit option and confirm
Given below are the step to check your application status
First of all, open the official website of the City and Industrial Development Corporation of Maharashtra
On the home page, you need to select the “Accepted applications” option. On clicking it the lottery names will appears, check the name and click the “view” option given in front of the lottery name
Again click View as per your category and scheme code, you will get a list of applicants who are accepted in pdf form
Look for your application number and name on the list along with the status for your application.
To check the lottery results you need to first visit the official website of CIDCO
On the homepage, you’re required to enter a username, password, and captcha code under the login section
Click on the login and select the results link, a new page will appear before you where you have to enter the required details. On submitting the required information the lottery results will be displayed on the screen
Mentioned below are the online payment procedure to make an online payment using internet banking, debit card or credit card. The payment procedure is as follows:
To make the payment you first need to pay a visit to the official portal at www.lottery.cidcoindia.com.
Click on the “Online Payment” option from the homepage and select the option that says “Estate/Miscellaneous Receipt Payments”.
Now you will be redirected to a new webpage where you have to enter your Challan or document or reference number and click on the “Go” option.
Make the payment and then download the online payment receipt for proof.
Buying a home or property is an expensive affair, if you qualify under the CIDCO lottery scheme you can register under the lottery scheme and get a chance to get a home in your name. Moreover, there are numerous lenders available in the financial market that offer great deals on home loans and opting for one will get you the financial assistance you need. Apply for a Bajaj Housing Finance home loan at Finserv MARKETS and avail a loan amount of up to Rs. 3.5 crore with a flexible repayment tenure of up to 360 months. You can avail a Bajaj Housing Finance Home Loan at Finserv MARKETS for all kinds of financial needs at an attractive rate of interest. By getting a loan at the Finserv MARKETS app you can get access to personalized pre-approved offers, instant approvals and even negotiate interest or the tenure of the loan for a convenient EMI payment. You can also look for pmay and avail benefits of Pradhan Mantri Awas Yojana.
After winning the CIDCO lottery, all candidates would have to follow these things:
● A 'First Intimation Letter' will be given to you by the corporation. Winners will be asked to send a list of documents referred to in the letters.
● CIDCO officials will cross-check all the submitted papers. If all the documents submitted are correct, then a 'Provisional Offer Letter' will be issued.
● Once you receive the provisional offer letter, you will have to pay a certain amount of the flat within a stipulated time. Failing to which interest will be levied.
To be eligible for the CIDCO scheme, you must qualify under the Economically Weaker Section (EWS) category or Lower Income Group (LIG) category. The corporation has set guidelines to identify individuals based on the two categories and only qualified applicants can make the most of the lottery scheme.
● Applicants with a monthly income of Rs. 25,000 are eligible for the CIDCO lottery under the EWS category
● Applicants with a monthly income in the range of Rs. 25,000 to Rs. 50,000, are eligible for this scheme under the LIG category
Once you receive the provisional offer letter, you will have to pay a certain amount of the flat within a stipulated time. After paying 100 percent of the value of the flat, you will get an allotment letter. Pay stamp duty and registration charges levied on the property and submit a copy of registration certificate at CIDCO office.
Those candidates whose name is on the winning list mean that in the CIDCO lottery housing system,they have been selected. And those applicants whose names are on the waiting list indicate that they have not yet been chosen.