Real Estate Navi Mumbai

CIDCO to Build 5,000 Affordable Homes in Ulwe Under PMAY

By GeoSquare News Desk · Published 2026-11-02

CIDCO has announced a significant new affordable housing project in Ulwe, Navi Mumbai, under the Pradhan Mantri Awas Yojana (PMAY). The project will deliver 5,000 homes with prices starting at just ₹10 lakh, making homeownership more accessible for middle and lower-income families.

Project Highlights

Located in the rapidly developing node of Ulwe, the project is part of CIDCO's ongoing efforts to boost housing supply in Navi Mumbai. The homes are designed to meet the needs of first-time buyers, with modern amenities and connectivity to key employment hubs.

PMAY Benefits

Under PMAY, eligible buyers can avail interest subsidies on home loans, reducing the effective cost of purchase. This initiative aligns with the government's vision of 'Housing for All' and is expected to attract significant interest from prospective homeowners.

Timeline and Impact

The project is expected to be completed by 2026, adding substantial inventory to the affordable segment. This development is likely to positively impact the local real estate market, driving demand and improving infrastructure in Ulwe and surrounding areas.