All About CIDCO Online Lottery: Benefits, Eligibility and Process


The City and Industrial Development Corporation or CIDCO was set up under the Pradhan Mantri Awas Yojana (PMAY) to provide affordable housing for economically backward residents of Navi Mumbai. This state planning agency plans to construct almost 1.10 lakh houses in the city for specified categories, among which approximately 94,000 houses will be available for CIDCO online lottery scheme 2020.

What Are the Benefits of CIDCO Online Lottery?

CIDCO affordable housing is an excellent initiative on the part of the Maharashtra State Government to provide shelter to thousands of families living in and around Navi Mumbai for more than 15 years. The price of a house now equals almost an individual’s entire life’s savings. Therefore, individuals often need to avail a home loan to finance a house purchase. However, when it comes to the economically weaker section of the society, buying a house still remains a dream for many.

Keeping this in mind, the state government has launched this scheme to construct houses primarily for two categories; LIG or Lower Income Group and EWS or Economically Weaker Section. Thus, only individuals from these categories are eligible to buy flats from CIDCO lottery housing scheme. Every year, CIDCO conducts an online draw, and the selected participants can avail of of this scheme. The total number of flats under this scheme are planned to be distributed in the ratio of 60:40 between LIG and EWS. 

India is expected to become the world’s fastest-growing economy. In tune with that, the state government is helping citizens to possess their own houses. However, individuals need to fulfil the eligibility criteria defined by CIDCO, to take the possession of subsidised homes.

What Is the Eligibility For CIDCO?

The first and foremost eligibility criteria to apply for the CIDCO housing scheme is that you need to be a resident of Mumbai for at least 15 years. For that, you also require a domicile certificate. 

Following are some of the eligibility requirements that you should know before applying. 

  • The applicant must be above the age of 18 years. 
  • To apply for the EWS category, one’s monthly income should not exceed Rs.25,000, and an income certificate should be produced towards that.
  • If applying for the LIG category, one’s monthly income should range between Rs.25,000, and Rs.50,000. 
  • An applicant can be anywhere from Mumbai and apply for the same. Proper proof of residence needs to be submitted in that case. 

However, if your eligibility criteria do not match with this, you can still avail a Bajaj Finserv home loan to realise your dream of owning a house. Several financial institutions offer home loans with competitive interest rates and flexible tenor. 

They also provide pre-approved offers on various financial products, like home loans, loans against property, etc.  These offers make the process of availing finance quick and simple. You can check your pre-approved loan offer by entering your name and phone number. 

What Is the Process of Taking Part in the CIDCO Online Lottery?

The CIDCO online lottery scheme allows individuals to take part in this draw only with valid registration within the specified date. For instance, the online form fill-up process was initiated from 15th August 2020, and the last date of form submission is 17th September 2020. 

Following is the step-by-step process to apply under this scheme.

Step 1: First, you need to visit the official website of CIDCO online lottery.

Step 2: Then, click on the tab ‘Register for lottery’ to proceed. 

Step 3: Fill up the application form with necessary details and PAN card number, Aadhaar number, bank details, etc. 

Step 4: Now, submit the soft copies of the documents mentioned in the form.

Step 5: Go through the entire form once and ensure that there is no error. 

Step 6: Click on the ‘submit’ button. 

Step 7: Choose an online payment option.

Step 8: Complete registration with fee payment. The registration fees for the EWS category are Rs.5,000, whereas for LIG it is Rs.25,000. 

The CIDCO lottery result date will be notified later from the official website only. However, if you do not satisfy the eligibility criteria, you can also look for an easier and faster way of getting a home loan to purchase a house property of your choice.