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Hi

Govt. of Maharashtra has floated CIDCO (City Industrial Development
Corporation)
A State Govt. undertaking which is the most Corrupt undertaking of the
Govt.of Maharashtra. Instead of being a agency for providing housing
to the middle and lower class at reasonable rates it encourages price
escalation for the benefit of few builders and
Bureaucrats.

Some of the Shady Deals of CIDCO include

Allotment of land to housing societies at Kopar Khairne, Nerul and
Kharghar most of them fictitious societies floated by Builders.

Allotment of land under the 12.5% scheme to fictitious Companies

Change of reservation of plots for commercial use

Systematic Destruction Of mangroves and reclaiming land and blatant
violation of CRZ Rules.

Railway Station Complex Scam
The station complex Built By CIDCO at Nerul , Vashi, CBD. The
commercial areas was sold in the open market as carpet area + ( 95-150
) % loading in 96-98 at much higher rates. In the year 2004 The same
commercial premises were sold as carpet area + 30% Loading to friends
and relatives and front men Mktg dept of CIDCO at a discounted price.

Extra FSI to CIDCO directors Housing Society

Prathamesh society where the Directors of CIDCO and the PRO of CIDCO
was allotted prime property at throw Away prices .

The Housing Scam included

Millennium Tower Scandal

Akash Ganga Apartments Scandal.

Prathamesh society Scandal

Work Tenders of CIDCO are allotted to family members of CIDCO staff .

Land allotment at throw away prices to Unknown Press Establishments
and resale of the same in the Open market.

Land allotment to trusts belonging to politicians at throw away prices
which are used to run exorbitant hospitals and educational institutions.

Artificially increasing land prices by hoarding land thereby leading
to increase in property prices making housing unaffordable to middle
and lower classes.


A detailed enquiry by a investigative agency is needed to unearth the
various scams undertaken by CIDCO

Vijay Varma
Navi Mumbai Citizen Action Committee


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