Chittaranjan Tembekar | Sep 11, 2011, 04.28AM IST
MUMBAI: The City and Industrial Development Corporation (Cidco) plans to build 12,000 low-cost homes over the next three years. probably the biggest ever scheme since 1987.
The apartments will be constructed in Ghansoli, Vashi, Kharghar and Taloja.
While 7,566 houses, at a cost of Rs 951 crore, will be built for the lower income group in Ghansoli, Vashi and Taloja. Nearly, 1,118 flats will be constructed for the middle and the high income group in Kharghar. "Though rates will be decided later, we are committed to building affordable houses for all groups.
Flat booking will start within a year," said Pramod Hindurao, chairman of Cidco. After the Navi Mumbai international airport received environmental clearance, prices in Kharghar, Belapur, Kamothe, Khanda Colony, Panvel, and Kalamboli went up from Rs 300 to 500 per sq feet.
