Real Estate Navi Mumbai

CIDCO Allots 12-Acre Kharghar Plot for 1,500 Affordable Homes

By GeoSquare News Desk · Published 2026-10-25

CIDCO has allotted a 12-acre parcel in Kharghar for affordable housing development, with plans to build around 1,500 units under the Pradhan Mantri Awas Yojana (PMAY). The allocation marks a significant step towards addressing the demand for budget-friendly homes in the Navi Mumbai region.

Project Overview

The proposed housing project will be located in Kharghar, a well-established node within Navi Mumbai known for its social infrastructure and connectivity. The development is expected to cater to mid-income and economically weaker sections, aligning with the state government's push to increase affordable housing supply across Maharashtra.

Market Impact

This move is likely to boost the supply pipeline in the Navi Mumbai micro-market, which has seen steady demand from end-users and investors. With 1,500 new units planned, the project could help stabilise prices in the vicinity while offering more options for first-time homebuyers.

As CIDCO continues to release land parcels for residential purposes, Kharghar is poised to emerge as a key affordable housing destination in the Mumbai Metropolitan Region. Further details regarding project timelines and developer allotment are expected to be announced in due course.