CIDCO announces mass housing scheme in Kharghar sector 36

Mass housing scheme by CIDCO in Kharghar will give private builders a run for their money.

Published Tagged ,
Valley Shilp Kharghar
Mayur

Brief Overview

Coming on the heels of its mass housing scheme in Ulwe,Cidco announced the launch of its mass housing scheme in Kharghar.This scheme will come up in sector 36 and comprise of 1224 flats in 2 fourteen storied towers.Unlike the mass housing scheme in Ulwe,which was for low income group,this one is for the high and middle income group.The price of the flats will be approx Rs 4000 per sq foot and pricing will be strictly on the carpet area.

CIDCO flats size comparison with Private builders in Kharghar (Navi Mumbai)

Name of ProjectBHKCarpet AreaPrice
Tharwani Rosabella2525 sq ft86,00,000
Tharwani Rosabella3725 sq ft1,05,00,000
CIDCO Shilp Valley2650 sq ft59,00,000
CIDCO Shilp Valley31075 sq ft1,05,00,000
Area and Price Comparison of CIDCO Shilp Valley with Neighbouring Projects of Private Builders

Its important to point out that private builders are charging between 5500 and 6000 per sq ft on the built up and sometimes even the super built up area !

And what is the difference between carpet and super-built up area ?
Sometimes its as much as double the carpet area !!

Builders are known to sell a 700 sq ft carpet area as 1600 sq ft flat !

IMPORTANT ANNOUNCEMENT :

CIDCO HAS STARTED DISTRIBUTION OF FORMS FOR THIS PROJECT ON 16 JAN 2014. THIS DISTRIBUTION WILL CONTINUE TILL FEBRUARY 5.
FORMS CAN BE COLLECTED FROM THE GROUND FLOOR OF CIDCO OFFICE AT BELAPUR.
THE FORMS COST APPROX RS : 550 EACH.

Private builders in the vicinity are selling pigeon-hole sized 2 bhks (measuring 525 sq ft carpet area) for min 70 lakhs and 3 bhks measuring 725 sq ft carpet area for 1 crore 5 lakhs !! …and that too along with black money and other illegal charges like car parking society formation, grill windows, development charges of approx 250 Rs per sq ft etc.

Next Phase of Valley Shilp will be the flats for Lower Income group (1 bhk’s and 1 Rk’s). Once these are put up for sale, the real estate market in Kharghar can expect a drastic crash.

Download brochure here

Sample Flat Pics

If CIDCO actually sticks with a price of 4000 per sq ft on carpet area, the whole real estate scenario in sector 36 will change !!

The application forms will be distributed in September 2012 and the construction has reached the plinth level.The complex will be equipped with state of the art ultra modern amenities.

Key Details of the project

  • Middle income group – 802 flats – 611 sq ft per flat
  • High income group – 422 flats – 1072 sq ft per flat
  • 52 offices and 108 shops.
  • Club house, jogging track, swimming pool
  • Back up generator
  • Parking on 1st and ground floor.
  • Automatic lifts.

This inventory of 1224 flats is sure to add to the selling pressure that the builders are facing in sector 36..since this project has all the ultra modern amenities.

We will be tracking this major development as it happens.
Stay tuned.

Further reference:http://www.mid-day.com/news/2012/jul/100712-mumbai-Over-1-100-dream-homes-up-for-grabs.htm

By Mayur

Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors. When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy. With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google. He can be reached on 9987452642

24 comments

  1. I am interested to buy property in kharghar sector 36, Can you please email me details of property. Thanks……………..

        1. CIDCO had come up with a plan of introducing a Housing Scheme at Kharghar, Sector-36 which was suppose to be launched in the month of September,2012 (i.e current month). As of now there is no news mentioned by CIDCO or any reliable source regarding the launch of the mentioned scheme in these days.
          I just want to know in case you have any idea regarding the dates of lauching the Kharghar, Sector- 36 housing scheme or has it got cancelled or postpone.

          Thanks & Regards,
          V K Jadhav

          1. CIDCO had come up with a plan of introducing a Housing Scheme at Kharghar, Sector-36 which was suppose to be launched in the month of September,2012 (i.e current month). As of now there is no news mentioned by CIDCO or any reliable source regarding the launch of the mentioned scheme in these days.
            I just want to know in case you have any idea regarding the dates of lauching the Kharghar, Sector- 36 housing scheme or has it got cancelled or postpone.

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