Home Buyers Protest Against Cidco: High Prices and Poor Locations
Cidco home applicants are voicing their dissatisfaction with the high prices and poor locations of the houses offered. The controversy centers around the inclusion of the balcony area in the carpet area calculation, which is against the Real Estate (Regul
CidcoReal EstateHome BuyersHousing ProjectsCarpet AreaReal Estate MumbaiMar 22, 2025
The primary point of contention is the inclusion of the balcony area in the carpet area calculation. According to Cidco, this inclusion is in line with the Real Estate (Regulation and Development) Act. However, applicants argue that this practice misleads them about the actual usable area of the homes they are purchasing.
The Real Estate (Regulation and Development) Act, which came into effect in 2016, was designed to bring transparency and accountability to the real estate sector. One of its key provisions is the clear definition of carpet area, which is the net usable floor area of an apartment, excluding the area covered by the external walls, services shafts, and the balconies. This definition was intended to protect homebuyers from being misled about the size of the homes they are purchasing.
Cidco, a statutory body established in 1970, plays a crucial role in the development of infrastructure and housing projects in various parts of India. Its primary objective is to promote industrial and urban development in the regions it operates in. Over the years, Cidco has undertaken numerous projects, including the development of new townships and the construction of affordable housing units.
Despite its significant contributions, the current controversy surrounding the calculation of carpet area has led to widespread dissatisfaction among home applicants. Many of them feel that the practice of including balcony areas in the carpet area calculation is a form of fraud, as it inflates the perceived size of the homes and, consequently, the prices.
The protest has also highlighted the issue of the poor locations of the houses offered. Many applicants have complained that the houses are situated in remote areas with limited access to essential amenities such as schools, hospitals, and public transportation. This has further compounded their dissatisfaction and frustration with the entire home-buying process.
In response to the protests, Cidco officials have maintained that their practices are in compliance with the Real Estate (Regulation and Development) Act. They have also stated that they are committed to addressing the concerns of the home applicants and are willing to engage in dialogue to find a mutually acceptable solution.
However, many applicants remain skeptical of these assurances and are demanding concrete actions from Cidco to address their grievances. They have called for a transparent and fair calculation of carpet area, as well as the provision of better locations for the homes they are purchasing.
The controversy highlights the ongoing challenges in the real estate sector, particularly in ensuring transparency and fairness in the home-buying process. As the protests continue, the issue is likely to attract further attention from regulatory bodies and the government, who may intervene to ensure that the rights of homebuyers are protected.
For now, the home applicants are left in a state of uncertainty, hoping that their voices will be heard and their concerns addressed. The resolution of this issue will be crucial in restoring trust in the home-buying process and ensuring that future projects by Cidco and other developers are conducted with the highest standards of transparency and integrity.
Frequently Asked Questions
What is the Real Estate (Regulation and Development) Act?
The Real Estate (Regulation and Development) Act, enacted in 2016, is a law aimed at bringing transparency and accountability to the real estate sector. It defines carpet area as the net usable floor area of an apartment, excluding the area covered by external walls, services shafts, and balconies.
Why are Cidco home applicants protesting?
Cidco home applicants are protesting against the high prices and poor locations of the houses offered. They also argue that the inclusion of balcony areas in the carpet area calculation is misleading and against the Real Estate (Regulation and Development) Act.
What is Cidco's response to the protests?
Cidco officials have stated that their practices are in compliance with the Real Estate (Regulation and Development) Act. They are committed to addressing the concerns of home applicants and are willing to engage in dialogue to find a mutually acceptable solution.
What is the main issue with the carpet area calculation?
The main issue is the inclusion of balcony areas in the carpet area calculation, which applicants argue inflates the perceived size of the homes and, consequently, the prices.
What are the concerns about the locations of the houses offered?
Many applicants have complained that the houses are situated in remote areas with limited access to essential amenities such as schools, hospitals, and public transportation.
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