Mumbai: CIDCO to refund delayed payment charges to housing scheme applicants

About Rs 1. 07 crore in total will be refunded to those who paid the delayed payment charges, it said in a release.

The City and Industrial Development Corporation (CIDCO), an agency of the Maharashtra government, has waived delayed payment charges on 5th and 6th installments under its 2018-19 housing scheme and would refund this money to 3,417 applicants, it said on Tuesday.

About Rs 1. 07 crore in total will be refunded to those who paid the delayed payment charges, it said in a release. The decision to waive the charges was taken in view of the pandemic and resultant lockdowns, it said.

Of 3,417 applicants, 2,689 are from the Lower Income Group and 728 from the Economically Weaker Section. Under the state government's ''Housing for all'' policy, CIDCO had developed about 25,000 houses in five nodes of Navi Mumbai.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!