image image

Home Loan Starting 6.65%*

image

CIDCO Lottery 2022

To maximise the benefits of Pradhan Mantri Awas Yojana, introduced by the Central Government, the Maharashtra State Government has set up City and Industrial Development Corporation (CIDCO).

Every year CIDCO chooses an area to develop and construct houses and then sell them at subsidised interest rates to eligible borrowers through a lottery system.

What is CIDCO Lottery?

Like any other lottery scheme, CIDCO lottery 2022 aims to construct sustainable, environment-friendly houses for commercial and residential purposes. In accordance with PMAY housing scheme, CIDCO will be constructing houses in specific places in Navi Mumbai, Kharghar, Panvel etc.

Moreover, the houses will be constructed within 2kms of essential services such as bus stations, railway networks, where winners can pay the booking amount as construction begins.

Benefits of CIDCO Lottery

As already mentioned, under the CIDCO housing scheme, an economically weaker section of the society will be provided with affordable housing. So, all the constructed houses will be allocated and distributed to the eligible participant of the 2022 draw. The ratio of house distribution is 60:40 for the EWS and LIG groups.

To avail of the benefits of this CIDCO housing scheme, individuals need to fulfil the eligibility requirements. Till 2020, this scheme aimed to provide 53, 000 units for the LIG group and 41, 000 for EWS category. The current year's number of home construction and location are not yet revealed publicly.

Eligibility Criteria for the CIDCO Lottery

Here are the eligibility requisites for the CIDCO lottery scheme:

  • To be eligible for the CIDCO home loan scheme, individuals must belong from either Economically Weaker Section (EWS) or Lower Income Group (LIG). Besides, the applicant needs to have a domicile certificate, which will show that the applicant has stayed in Maharashtra for 15 years.
  • Applicants belonging to EWS category should not earn more than Rs.25, 000 per month to apply for this scheme.
  • For availing house under LIG category of CIDCO lottery scheme, applicants must produce income proof that states that their monthly earning is between Rs.25, 000 - Rs.50, 000.

Documents Required for CIDCO Lottery

Besides fulfilling the eligibility parameters, applicants need to submit the following documents for a hassle-free application –

  • Aadhaar card
  • PAN card
  • Voter’s ID
  • Income proof certificate
  • Domicile certificate
  • Bank details

How to Register/Apply for CIDCO Lottery?

If an applicant is eligible, he/she needs to fill in the online CIDCO application form to register for lottery scheme. One can apply for this lottery scheme by following the steps mentioned below:

Step 1: At first, applicants need to visit the official website of CIDCO lottery.

Step 2: Register your name by selecting on the ‘Register for lottery’ option.

Step 3:After successful registration, users will be redirected to the CIDCO application form, where one needs to provide authentic details such as address, Aadhaar and PAN card, bank account details etc. and click on ‘Confirm’ after entering the captcha code.

Step 4: Enter the OTP and upload necessary documents.

Step 5: After reviewing the form, select ‘Submit’ option.

Step 6: In the end, users will be redirected to the payment gateway, where one can choose their preferred mode of payment.

Note: For registration, EWS category and LIG category, individuals are required to pay a registration fee of Rs.5, 000 and Rs.25, 000 respectively. After completing the registration process, interest borrowers can apply for it. Once receiving the confirmation, individuals can approach leading financial institutions like Bajaj Housing Finance Limited for required financial assistance along with exclusive loan deals and services.

How to Check the CIDCO Application Status?

Besides knowing what is CIDCO, individuals need to know about how to check the application status of this scheme –

Step 1:Visit the official portal of CIDCO

Step 2: Now, select on the link showing ‘Click here for estate online services.’

Step 3:Select ‘Check status/ Upload documents’ from the available option.

Step 4:Now input your application no. along with registered mobile no.

Step 5:Select ‘Check request status.’

Step 6:After following this step, necessary information will be displayed on the screen.

How to Check CIDCO Lottery Results?

To check the lottery result of this scheme, follow the procedure mentioned below-

Step 1: Firstly, visit the official portal of CIDCO lottery and search for Accepted Applicants. Applicants need to input their details to check the results.

Step 2: To view a compact result, applicants need to search based on their scheme and category.

Step 3: Input necessary details and check results.

If you fail to avail a house under this scheme, applicants will receive a refund and can try their luck next year.

Now that individuals know the necessary information about this CIDCO lottery scheme 2022, one needs to meet eligibility requirements before applying for the scheme to receive an allotment.