Land Pooling Policy 2020

Jan 30,2020 / By Supriya Mogarala / No Comment

Land Pooling Policy (LPP)

Delhi Development Authority (DDA) has formulated a Master Plan 2021 for Delhi to improve city planning in the divided zones under the Land Pooling Policy (LPP). Land Pooling Policy is the consolidation of small land parcels to make them into one larger land for construction in order to accommodate the residential and commercial solutions to the people of Delhi NCR. Under the Land Pooling Policy of Master Plan Delhi-2021, the national capital region will begin the smart city plan.

Land Pooling Policy was announced by the urban development ministry in September 2013. The initial phase would see several landowners/developers/societies to pool their land and assign it to the government for developing a percentage of land and retain a percentage to build infrastructure. Delhi Development Authority and the developers would operate in partnership for the development of the LPP Zone.

As per the Master Plan Delhi-2021, 6 Zones amongst a total of 15 zones come under the Land Pooling Policy. These zones are J Zone of South Delhi, K Zone of South West Delhi, and L zone in West Delhi. These zones will attract population and thus the difficulty of housing solutions will be fixed under the LPP.

Land Pooling Policy has encouraged the development of the Indian real estate market and retaining hopes of the builders. Homebuyers can buy luxurious houses at affordable rates in all the prime localities of Delhi NCR. The cautious use of large land parcels will benefit the stakeholders. It’s more beneficial to invest in the LPP approved projects and experience living around robust infrastructure.

Key Amendments:

Timely development of infrastructure.
Enabling farmers to pay development charges.
Mandatory EWS housing units.
Full utilization of approved floor area ratio (FAR).
Urbanization of 20,000 hectares of land.
95 villages are coming together to develop.
Provision of 14-16 lakh housing units in Delhi.
48-60 percent of the land to be returned back to the owners.

Major benefits of Land Pooling Policy:

The archaic Land Acquisition Policy has been mastered by the LPP, thus promoting proper land-use and bringing out transparency in land management.
Better revenue for the landowners and the government.
Better living at affordable prices.
PPP Model has been introduced, and it is the first time the government sector is working with private entities to construct quality development in the prescribed zones.

Image Source: Quora

The dark red areas in the above map are the residential centers where the maximum population of Delhi resides. The red spots on the map imply that the residential centers of the city that are fully populated cannot accommodate any more residents on the currently available land. Delhi needs to expand to meet the needs of the migrant population which is expected to be 2.3 crores by 2021. The current infrastructure is only equipped to handle 1.5 crores of the 1.9 crore residents.

Distribution of land returned to DE (60%):

Gross residential – 53%
City-level (commercial) – 5%
City-level (public/ semi-public) -2%

Distribution of land returned to DE (48%):

Gross residential – 43%
City-level (commercial) – 3%
City-level (public/semi-public) – 2%

Which areas will come under the ambit of this policy?

To compensate for the 50-60k acres of land requirement in the upcoming years, areas like Narela, Najafgarh, and Bawana will witness land pooling and development. About 89 of the 95 villages have been listed as urban villages that will accommodate development. This system is a part of the master plan for Delhi-2021 according to which the city of Delhi will be developed.

The master plan has highlighted the following roles in infrastructure development for each:

DDA:

Time-bound development of Master Plan Roads.
Create a plan for physical infrastructures such as water supply, sewerage, drainage, provision of social infrastructure, and traffic and transportation infrastructure including metro corridors.
External development in a time-bound manner (external development charges and other development charges acquired for city infrastructure shall be payable by DE on the actual cost incurred by DDA)

Developer Entity (DE):

Approval of layout/ detailed plan from DDA
Demarcation of roads as per layout plan, sector plan, and obtain verification of the same from the concerned authority.
Develop sector/ internal roads/ infrastructure/ services in its share of land (which includes water, power supply lines, rainwater harvesting, STP/ WTP, etc.)
Timely completion of development and its maintenance with all facilities (open spaces, roads, and services till the area is handed over to the Municipal Corporation)

Special Provisions for the Economically Weaker Sections (EWS):

As per the master plan, the developer entity will assure sufficient provision of EWS and other housing as per the Shelter Policy of the Plan. Aside from this, the developer entity shall also declare the prescribed built-up spaces, EWS dwelling units, and LIG Housing components to the DDA as per the policy.

The EWS Housing unit size range within 32- 40 square meters.
50% of EWS housing stock to be maintained by DE for regulated sale for community service personnel and the remaining 50% to be sold to DDA, which will be improved as per CPWD index at the time of handing over.

Development Framework and Control Measures

The Government/ DDA will be answerable for creating and implementing a framework for Land Pooling Policy to:

Frame detailed regulations including process and a timeline for participation in a time-bound manner. The laws shall be put up in public domain for capturing views of all stakeholders by giving a 30-day time frame
Create a dedicated unit for dealing with approvals of Land Pooling applications
Create a Single Window Clearance wherein all the agencies accountable for giving time-bound clearances will meet regularly as per notified timelines.

DDA shall formulate the following norms pertaining to the policy:

The residential Floor Area Ratio (FAR) of 400 for group housing to be applicable on net residential land exclusive of 15 percent FAR reserved for Economically Weaker Section (EWS) housing. Net residential land to be a maximum of 55 percent of gross residential land.
This is explaining the concept of building higher to support more population
FAR for city-level commercial and city-level public/semi-public development to be 250.
Subdivision of residential areas and provision of facilities shall be as per MPD-2021.

How shortly will it be implemented?

Lieutenant Governor Anil Baijal has approved and notified DDA Land Pooling Policy, and the implementation is set to begin once proposals are built on the final draft.

Apart from this, the developers have already started pooling land and we can see housing units soon.

What’s in it for a Delhi resident?

Being a Delhi citizen, you can expect approximately 25 lakh housing units in the coming 10 years. That means cheap and affordable housing.

If you are not a Delhi Resident, you can still invest your money in the land pooling scheme so to be a part of one of the biggest real estate booms in India.

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Real Estate expectations from Union Budget 2020

Jan 29,2020 / By Hozefa Sanwari / No Comment

Union Budget 2020 Expectations

The Union Budget 2020 will be presented on 1st February by the Finance Minister, Nirmala Sitharaman. Given the policy reforms undertaken by the government over the past couple of years, the real estate industry is hopeful that the upcoming budget will provide the much-needed impetus. The year 2019 saw the government take numerous steps to help improve market sentiment and revive real estate demand. Reforms such as capital gain benefit, tax exemption on notional rent, incentivizing Affordable Housing, the revised rental income limit for TDS, and thrust on infrastructure growth were highlights of the Union Budget 2019.

This time around, the sector expects the Budget 2020 to lower the GST rates on under-construction projects, increase the NBFC credit liquidity, implement single-window clearances for project approvals, redefine the Affordable Housing price bracket, allocate additional funds for PMAY scheme, and fuel investment in infrastructure.

In this backdrop, Commonfloor conducted a real estate survey on builders across India to capture their expectations from the Budget 2020. More than 300 builders participated in this survey to express their views and expectations.

The majority of the builders (31%) expect the Budget to lower the GST on under-construction projects. GST reduction clubbed with the revival of Input Tax Credit can provide relief to the builders and housing can be made available at lower prices. After the reduction in GST rates in 2019, the government had withdrawn Input Tax Credit. The next key expectation of real estate is to address the challenge of NBFC (Non-banking Financial Company) liquidity. Liquidity will ensure positive momentum with a steady supply of ready-to-move homes. Also, single-window clearances can aid in procuring quick approvals so that project delays can be avoided. In the past few years, Affordable Housing has been the major growth driver. Still, it needs some reforms as currently only those houses are awarded affordable status and subsequently reduced GST rate of 1% which has a carpet area less than 60 sq.m. and falls under the price cap of Rs 45 lakh (GST rate for under-construction house is 5%)

Around 50% of the builders surveyed feel that the increase in Home Loan tax exemption is the primary factor boosting real estate demand. A further extension to the existing 2-lakh tax rebate on home loan interest rates will push the fence-sitters to buy homes. It could result in a higher demand for housing, especially in the affordable and mid-segment categories. Interestingly, “Redefinition of Affordable Housing” and “Income Tax Removal on Notional Rent” got equal responses from the builder community. The abolition of income tax on notional rent from the second self-occupied house benefits those with two houses and encourages home buying.

One-third of the builders surveyed feel that the GST rates are the most vital component hurting homebuyers’ sentiment. Apart from GST, project delays and high property prices are the other factors that affect consumer sentiments. Builders feel that the initial aid of Rs 25000 cr last-mile funding for stalled projects is insufficient for the realty sector and that it needs to be executed on a larger level on a priority basis. Moreover, home loan interest rates and high government taxes such as stamp duty and registration could be reduced to propel demand in the market.

Foreign Direct Investment is a key driver of economic growth and a medium of non-debt finance for any country’s economic development. One-fourth of the builders surveyed responded that single-window clearance will streamline the approval process and can bring about a major boom in FDIs for the realty sector. The next two major factors that can drive FDI are ‘clarity on entry-exit norms’ and ‘stamp duty exemption on FDI transfer’. More FDI in real estate will provide the necessary thrust to the current slump in the market.

Builder Bytes

Ajith Alex George, Director of 42 Estates says, “The real estate category in India requires bold fiscal measures from the union budget. The sector is going through a liquidity crisis with stalled projects across India, an economic booster required for the industry as a whole. Ease of Funding both on the supply and demand side along with quicker processing can again make this one of the key growth sectors. Approvals of projects have gotten better however there could be better clarity on some of the norms and changes in regulations, especially around taxation. Single-window clearance and query handling can make the process easier for the sector.

From the home buyers’ perspective, interest rates on home loans have to be reduced, we have been hearing further reduction on personal tax rates and stamp duties, this can strengthen the buying power of the home buyers which will have a compounding impact on the industry as both residential and commercial projects would get a better demand-side environment. The government is already doing its bit with the PMAY showing good traction, a further increase in subsidy rates for affordable housing can further help percolate this initiative. These steps might give the much-needed boost to the confidence of the developers and buyers alike.”

Mr. Amarjit Bakshi, CMD at Central Park says “Initiatives have already been taken to aid the real estate sector, such as tax concessions and availability of low-cost loans for developers and buyers. Reforms were put into place to promote rental housing as well as boost affordable housing, empowering the middle class and first-time home buyers.

We expect policy changes to boost consumption in the economy and improved liquidity for the industry by easing fund availability for the real estate sector, enabling the sector to come back on track, since it generates more than 6.5% of the GDP. It is expected that to boost investor interest, the limit of home loan interest will be increased. Announcing an industry status to the sector will bring manifold benefits.

Conclusion:

The implementation of the above-mentioned measures will help revive real estate growth to a great extent and give a thrust to home buying sentiments, which in turn will revive the economy. To generate cash flows for struggling builders, it is quite evident that the stress fund will be a big boost, but it would address only a small portion of the stalled projects. The rest could only be addressed by NBFCs and banks.

The real estate sector has long needed an industry status that can help to procure finances at a lower cost, especially now, when credit availability is a major headwind. The momentum of infrastructure development should continue from last year so that growth is decentralized and migration to urban centers remain under check. The real estate sector is optimistic that the upcoming budget will usher fresh stimulus in terms of bold fiscal measures to outperform its growth from last year.

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Real Estate Round-up 2019: How India’s Real Estate Sector has Performed in Year 2019?

Jan 20,2020 / By Prahalad Singh / No Comment

Indian Real Estate 2019 Round Off

Real Estate is one of the key driving factors behind the growth of the Indian Economy and plays a pivotal role in the nation’s GDP growth. It is among the most recognized sectors globally. It creates millions of direct and indirect employment opportunities and supports the country’s development. It consists of 4 sub-sectors – Housing, Commercial, Retail, and Hospitality. The growth of this sector is well complemented by the growth of the corporate sector and the demand for office space as well as urban and semi-urban houses. The real estate sector of India ranks 3rd among the 14 major sectors that have a direct and indirect impact on all sectors of the economy.

The year 2019 has been a period of ups and downs for the Indian Real Estate Sector. There have been various policy and taxation related announcements in the last year. The market experienced the impact of the ongoing Non-Banking Financial Company (NBFC) crisis which resulted in a liquidity crisis and a slow pace of recovery in sales. On the other hand, the successful launch of India’s first Real Estate Investment Trust (REIT) opened new avenues for investments in real estate while multiple government SOPs provided much relief to the housing sector.

Post the policy reforms of 2017 such as demonetization, RERA, and GST, the residential market is absorbing the impact of these changes and is on the path to recovery. India continues to retain its position as the world’s fastest major growing economy on the back of improved investor confidence and better policy reforms.

The growth of the Indian Real Estate Market in 2019 has been driven by numerous factors including technology, improved ease of doing business, dust settling post the implementation of reforms such as GST and RERA, and demand-supply dynamics, among others.

It is also expected that the real estate sector will incur more and more NRI Investments in both the short and long term.

In the year 2019, the realty sector has experienced its highs and lows. Affordable Housing performed beyond expectations within the residential segment, while the luxury apartments continued to witness subdued sales. On the other hand, the commercial segment saw most of the investment flowing in as the year comes to an end. Whereas, other asset classes such as warehousing, Coworking, and Co-living gained momentum.

Initiatives are taken By The Government

If we look back at 2019, we can not deny that the government did not make sincere efforts to strengthen the sector. A series of reforms and policy changes were adopted. Some of them are:

Reducing GST rates to 1% for affordable homes and 5% for under-construction flats/apartments
The announcements about NHB raising liquidity to the housing finance companies
Relaxation of External Commercial Borrowing (ECB) funds
Creation of Alternative Investment Fund of Rs 25,000 crore for Stalled Housing Projects
Successive Repo Rate cut coming to 9-years low (total 135 basis points in 2019)
Tax holiday to first time home buyers
Relaxation in FDI norms for a single brand retail
The government slashed the corporate tax rate to 25.17% from 30% for existing companies, and to 15% from 25% for new manufacturing companies.
In 2019, consolidation continued in the residential segment. Those developers who are either on the verge of insolvency or have their project stalled continued to re-enter the market through joint development, or mergers.
Technological advancement in real estate too increased in the last year.

Post-2017 reforms such as Real Estate (Development & Regulation) Act (RERA), the inventory pile-up kept increasing across markets. New launches had taken a hit. Increasing unsold inventory became a cause of concern as liquidity challenges coupled with RERA deadlines made it tougher to deliver the project. In spite of the odds, those with deep pockets or leading names in the realty sector continued to outperform in 2019.

Since the start of this calendar year, there is a decrease in unsold inventory, which is a positive sign for the industry’s revival. In 2020, this is likely to reduce further to healthy levels. Another crucial factor for improved sales was largely stagnant property prices. Going forward, we may witness investors, funds, and lenders showing confidence to finance future projects. If employment levels improve and inflation kept under check, the revival of the sector isn’t distant. The year 2020 may well be the turnaround year.

Market Size

The real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% of the country’s GDP by 2025. Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs.

Housing Sector

As per the CBRE report, it is expected that out of the 2.3 lakh new unit launches in 2019 in the top 7 cities, nearly 40% or approximately 92,000 units were in the affordable segment, followed by mid-segment with a 33% share. The luxury and ultra-luxury segments amounted to the least share with 10% (approximately 23,000 new units). Apart from that, Center Approves 3.31 Lakh More Houses Under PMAY(U) to fulfill the housing needs of the Urban poorer.

Housing sales in 2019 saw a modest 4-5% annual growth with over 2.58 lakh homes sold during the year.
New housing launches in 2019 saw an 18-20% annual growth with over 2.3 lakh units.

Commercial Sector

As per the CBRE report, office leasing increased by more than 30% annually to cross 47 million sq.ft. during the first three quarters of 2019, exceeding its previous high of 2018. The leasing exercise reached about 15.4 million sq.ft. during Q3 2019, rising by nearly 23% on an annual basis.

Commercial office space continued to be the most sought-after asset class.

Forecast

Since the start of the year 2020, there is a drop in unsold inventory, which is a positive sign for the industry’s recovery. And it will probably see a growing trend in 2020. We expect the hurdles in the real estate sector to get resolved. Stagnant property prices was another factor for improved sales. Going ahead, we may clearly see investors, funds, and lending houses showing confidence to finance future projects. If employment levels improve and inflation remained under control, the recovery of the sector is not very far.

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Compact Homes and its trends

Jan 13,2020 / By Supriya Mogarala / No Comment

With an increasing population of nuclear or small families in India, the trend of Compact Home is extending energy in the realty market of the country. Remarkably, in the metropolitan cities where more than half of the population is working, these homes represent a very significant part as they are closer to business districts and above all are much affordable in price.

A compact home is composed of a hall, bedroom, study and a kitchen with washrooms and balcony. These houses differ in size from 500 sq. ft. to 800 sq. ft. which is well-suited for a tiny family. Compact Living is conclusively smart living, where build space is inadequate, yet the quality of facilities and design remain high. It tends to be more commonplace in countries where space comes at a premium price, for e.g. the Netherlands.

Real estate experts state that in cities like Delhi, Mumbai, Bangalore, Chennai, and Kolkata, where land is minimum and prices are steep, the concept of compact homes has scaled up a lot. Also, selling a high and luxury apartment can be much challenging for the developers and due to which they are in approval of launching small-sized apartments that not only decrease the cost but are also space-efficient to satisfy the requirements of the homebuyer.

Advantages of Compact Homes for Homebuyers

To accomplish their financial goals and protect their earnings, nuclear families, millennials these days favor financing compact homes. Apart from that, a compact home comes with a variety of advantages which incorporates well-defined advantage of space and additional propositions.

Thoughtful Construction

A compact home is BuiltWith smart construction and excellent space utilization. Although it is small in area and size they are created in such a way that it comfortably supports every essential necessity of a home without misusing any part of it. These houses are built having in mind the latest technologies, interiors and other décor trends.

Cheap Maintenance

As numerous working professionals invest in compact homes, they prefer a home with comfort and low maintenance cost. There are numerous cost-effective methods to maintain a compact home than a big-sized apartment. Also, a home buyer has to pay less on furniture, other décor items and has to pay less for electricity and additional bills and charges.

Design Home your own way

Compact homes provide you the freedom to design and decorate your dream home in your own way. These days families want to give the best look to their home with innovative and compact furniture, stylish décor items, etc.

Budget-friendly Price

Due to small size, these homes come at a relatively cheaper price as compared to traditional apartments. Also, with the central Government concentrating more on ‘Housing for all’, more and more developers are constructing such units to attract home buyers. Also, you don’t have to compromise on sound infrastructure, amenities, and facilities.

Good Resale Value

With an expansion in trend and market for compact homes in today’s real estate landscape, more people are looking for such projects which facilitate such units. Because of this, the resale advantages of such units are more associated with spacious apartments. These houses are sold off very fast and hence offer better Returns on Investment to the property owner. Compact Living offers a living where one compromises on space, yet still enjoy the merits of living in a prime city location, with quality design at an affordable price.

Within Bengaluru, areas like North Bengaluru, Whitefield, Sarjapura Road, and Hosur Road are recognized as preferable locations for compact housing projects. Their vicinity to the city’s tech and economic hubs presents them as preferred locations considering the confined customer market. North Bengaluru has emerged as the clear winner, as the region that has witnessed the launch of many Compact Housing projects in the previous years.

It is obvious that the compact housing section will improve in the following years. With more knowledge about the product, its long-term advantages, and more immeasurable resale value, compact housing will arise as a more powerful segment. It has tremendous business potential and is demanded to apprehend at least 25% of the whole addressable market (16,000 units) by the year 2020.

Are Compact Homes the Future of Indian Real Estate?

Today’s generation requires smart spaces with ease of furnishing. India is on its approach to grow into the world’s youngest nation. Our youth stimulates our economy, and the real estate segment is accurately in the midst of this growth path. Nevertheless, it’s not just a transformation in preferences. Another compelling idea following today’s generation turning towards compact housing is the sky-high costs, non-availability of land, and the Indian government’s “Housing for All by 2022” initiative.

Developers are also making a conscious effort to develop affordable houses for lower and middle-income groups and thus deliver the dream of owning a house to everyone.

The influx of young professionals in Tier I and Tier II cities

In the preceding decade, cities like Bengaluru, Mumbai, Delhi, NCR, and Chennai have seen an enormous influx of young professionals aged between 25-34, thereby, managing to a rush in demand for residential properties. Interestingly, these cities also appear to be the destinations that require large land parcels, which paves a way for efficient houses, with modern features, if not a huge floor plan.

The “Pradhan Mantri Awas Yojana” factor

The government intends to build about 20 million affordable houses by March 2022, which has moreover cemented the position of compact housing in Indian real estate. These houses are equipped with all basic amenities, along with being affordable and compact. Not to mention, they arrive at reduced rates and a fleet of incentives. All the before-mentioned factors associate themselves with the future of Indian real estate that concentrates principally on compact housing. With a stronghold on today’s real estate and tremendous business potential, the compact housing segment is particularly expected to expand in the following years.

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CIDCO Lottery 2020: Check eligibility, online registration, allotment, draw date, and price

Jan 3,2020 / By Prahalad Singh / No Comment

Highlights of CIDCO Lottery Scheme 2020 Navi Mumbai

The City and Industrial Development Corporation (CIDCO) plans to offer 94,000 affordable homes in the Navi Mumbai region-Taloja, Bamandongri, Juinagar, Kharghar, Panvel, Kharkopar, and Kalamboli.
The expected flat size for EWS flats is 25.81 sq.m. and LIG flats are 29.82 sq.m.
Expected prices for EWS flats will be between ₹17 lakhs and ₹18 lakhs.
LIG flats will range between ₹25 lakhs and ₹ 26 lakhs under CIDCO Lottery Scheme 2020.
The beneficiary under the Economically Weaker Section (EWS) category will have to deposit ₹5000 and under the Lower Income Group (LIG) category will have to deposit ₹25,000 as the earnest money.

Overview of Upcoming Cidco Housing Scheme 2020

Scheme name	CIDCO Housing Lottery Scheme 2020
Launched by	Maharashtra Government
The start date for applying	1st Jan’ 2020
Last date for applying	31st Jan’ 2020
Number of flats	94000 units
Beneficiary	EWS & LIG Sections
Category	State Govt. Scheme
Official website	https://lottery.cidcoindia.com

About CIDCO Lottery 2020 Navi Mumbai

The City and Industrial Development Corporation (CIDCO) plans to offer 94,000 affordable homes in the Navi Mumbai region. Under this housing scheme, CIDCO will construct 1.10 lakh homes for the said categories in different parts of Navi Mumbai. Of all, around 94,000 houses will be up for the lottery scheme. It is expected that around 53,000 flats will be available for the Lower Income Group (LIG) category while the remaining 41,000 units will be available for the Economically Weaker Section (EWS) category.

The plan to provide affordable housing to poor people is on track. The construction of these houses will start after completion of registration under the Maharashtra Real Estate Regulatory Authority (MahaRERA). All lottery winners of CIDCO Lottery 2020 will be able to pay their booking amount as the construction progresses. On completion of construction, CIDCO Lottery 2020 will be one of the biggest bulk of houses provided under Pradhan Mantri Awas Yojana (PMAY).

The upcoming CIDCO Lottery 2020 in Navi Mumbai, Maharashtra, will have all the units within 2 km of the rail network, metro network, and bus terminals. The online application process will start at lottery.cidcoindia.com from the 1st of January 2020.

Aim of CIDCO Housing Scheme 2020:

Through this housing scheme, the aim of the current govt.is to make housing facilities easily available to the economically backward classes housing, sanitation, and development is the core concern that needs to be addressed. Although to overcome this burden many initiatives have been taken by the govt.

Flat sizes:

The expected flat size would be 25.81 sq.m for EWS category flats while for LIG flats it would be 29.82 sq.m.

CIDCO Lottery Scheme 2020 will present homes in the following areas:

Flat Price:

EWS Category – ₹ 17 lakh and ₹ 18 lakh (expected)
LIG Category – ₹ 25-26 lakh (expected)

Earnest Money:

All those people who get selected for EWS category flats will have to deposit ₹ 5,000 as earnest money while LIG category flat holder will have to deposit ₹ 25,000 as earnest money.

Eligibility Criteria:

To inform the beneficiaries of the scheme, the CIDCO has drafted a set of guidelines for the same. Not all are eligible for the scheme. The corporation has included monthly income criteria to identify suitable applicants. To apply for the EWS category, an applicant’s monthly income should be less than or equal to ₹ 25,000. To apply for the LIG category, an applicant’s monthly income should fall between ₹ 25,000 and ₹ 50,000.

Documents required:

Aadhar Card
Income Proof Certificate
PAN Card
Domicile Certificate
Voter’s ID
Bank Details

Process of applying:

Visit CIDCO official website i.e. https://lottery.cidcoindia.com/App/
Register yourself on the portal
Fill the online form to apply for the housing scheme. The applicant will be asked to furnish certain details such as the current address, PAN Card, Aadhaar Card and bank account
Upload the soft copies of all the submitted documents
Click on the Submit Button
Now, the applicant will be asked to pay the registration fee. The user can use online banking, or credit/debit cards to make the payment.

How to check the accepted list of applicants?

Visit the website- lottery.cidcoindia.com/App
On the header of the website Click ‘Accepted Applications’. Then you will be redirected to a new page where you can select the lottery scheme.
Select the location which you have filled in your online application form. You can search your name on the list if your application has been accepted for Cidco Lottery 2020.

How to check the result for CIDCO Lottery Scheme 2020?

Log in to website lottery.cidcoindia.com or www.cidco.maharashtra.gov.in
Click on the link “View Lottery Result 2020″
Fill up your details to check the results.

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Category : Affordable Housing