Real Estate Navi Mumbai

CIDCO Allocates 12 Hectares in Kharghar for Affordable Housing

By GeoSquare News Desk · Published 2026-11-10

CIDCO has identified 12 hectares in Kharghar's Sector 35 for affordable housing projects, a strategic move to address the growing demand for budget-friendly homes in Navi Mumbai. The initiative is specifically aimed at first-time buyers, offering them an opportunity to own property in one of the region's most sought-after locations.

Key Highlights

The land parcels are expected to be registered under RERA within a month, ensuring transparency and buyer protection. This development is part of CIDCO's broader effort to boost housing supply in the mid-segment, where demand has consistently outpaced availability.

Impact on Market

Industry experts believe this move will significantly ease the demand-supply gap in Navi Mumbai's mid-segment, potentially stabilising prices. For investors, the project signals a positive outlook for Kharghar's real estate, with improved infrastructure and connectivity already in place.

Next Steps

CIDCO will soon release detailed guidelines for developers interested in these plots. First-time buyers are advised to stay updated on RERA registrations and eligibility criteria, which are expected to be announced shortly.