MUMBAI: CBD Belapur resident Yogita Patil and her friends stood in the queue since wee hours of Thursday. The venue was no temple but one of the four centres set up by City and Industrial Development Corporation (Cidco) to sell booking forms for its affordable mass housing projects ‘Celebrations’ and ‘Vastu Vihar’ at Kharghar.
“It is only because we stood at midnight that we received the forms by 11 am or else we would have been forced to stand the entire day on Thursday,” said Patil who is planning to buy a second home at Kh4.
On the launch on Thursday, nearly 55,500 booking forms were picked up by people vying for 2,144 flats in the projects. Describing the response as overwhelming, Cidco spokesperson Budhabhushan Gaikwad said, “The response has been very good. It can be seen from the long queue outside every counter.”
The two projects would have four buildings, categorised as Kh1 to Kh4. Prospective buyers of Kh1 and Kh2 have to submit documents to prove that their monthly income is below Rs7,300 and Rs10,000 respectively. There is no income limit for applicants for flats in the Kh3 and Kh4 categories.
Flats have been priced between Rs1,900 to Rs3,450 per sq ft, as against the going market rate of Rs3,800-4,000 per sq ft in the area. Based on the category, the size of each flat ranges between 300 sq ft and 1,031 sq ft.
The entire project is expected to be complete in 24 months and the payments have to be done in eight installments. Unlike earlier times when flats were allotted on first-cum-first-serve basis, the flats this time would be allotted according to a seemingly foolproof lottery system.