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Home > Forum > Mumbai > Buying property > Cidco plot in 12.5%

Cidco plot in 12.5%

Q: If cidco land is in scheme of 12.5% so in that case will bank approve the loan? Will it be good idea to book apartment in that scheme.

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Replies (5)
1
The Govt. announced the 12.5% Scheme and extended it to all PAPs. In this scheme, the PAP is given back developed land which is 12.5% of the land acquired from him. Out of the 12.5% entitlement, 30% is reserved for social and public utilities. Thus net allotment would be 8.75% of the land. The plot allotted to the individual has 1.5 FSI and 15% commercial component permissible on the plot.
Ramesk Polekar


2
Can anyone update me about the CIDCO 12.5% Scheme Introduction?? Do we really get 12.5 %?
Sandeep Mhatre


3
Hi Mr Gupta, 12.5% Scheme is for Project-Affected People and they will be given back developed land which is 12.5% of the land acquired from them.
Ravi Waghmare


4
Hi, are normal buyers of mid income group allowed to buy plot under CIDCO scheme? Please update me.
Anuj Gupta


5
The plot under CIDCO scheme allotted to the individual has 1.5 FSI and 15% commercial component permissible on the plot. The person can develop the plot himself or enter into an agreement with the developer for development. Also, I don't see a reason why bank will not approve a loan as long as proofs of income is shown. Yes, you can book an apartment in such scheme or else give a developer for development.
Arup rajan


6

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