What Is 12.5 Scheme Of CIDCO?

A few days back, while discussing real estate with my friend, I learned that over half of the buildings in Navi Mumbai are created under the 12.5 percent Gaothan expansion scheme. I asked him who provided this scheme, and he informed me that it was provided by CIDCO. Following that, I asked him to explain the CIDCO 12.5 scheme. Here is what he told me about that. 

What is the 12.5 CIDCO Scheme?

According to my friend, under this scheme, CIDCO allotted the land to the villagers of a region in exchange for the farmland acquired from them earlier for infrastructural development. Following that, they are allowed to construct within 12.5 meters of land for every 100 square meters they own. 

He also said that this scheme is used in urban development projects where farmland is acquired for public infrastructure. This, however, allows local communities to participate and benefit from urban developments. 

After he told me about the 12.5 scheme CIDCO, I asked him about the benefits of Gothan property. Here is what he told me. 

• He told me that Purchasing Gaothan Property lets you engage with local history and aid in its conservation.

• Buyers get to be close to nature and experience a calm living environment.

• The growth of these properties depends on their location and attachment to local regulations.

And that is all that he told me about the CIDCO 12.5 scheme. I hope this information helps. 

My sister got married in Mumbai last year and on visiting her in July I got to know about the CIDCO 12.5 scheme. They were planning to have an apartment and got to know that most of the buildings in that state are constructed under the 12.5 percent Gaothan expansion scheme. As per the scheme, the land actually belonged to a local villager of the area by the CIDCO or City and Industrial Development Corporation of Maharashtra in exchange for his farmland. The rule was that if the villager owns 100 sq ft, he will be given 12.5 meters of land where he can do whatever construction activity he wants. 

After having an idea on

what is CIDCO 12.5 scheme, I hope you have understood that the land is not illegal.

Anyone can buy a property coming under this Gaothan land but need to check whether all the documents are valid or not. 

If you are planning a property under 12.5 scheme you must know

what is 12.5 scheme of cidco and the documents needed to buy the property at first. I hope you have already got an idea about the scheme so let me share the documents that will be needed to buy a property under it

• Award copy of the villager mentioning that the land is legal the villager is entitled to it

• The development authority is tissue letter of intent to those allottees who hold an award copy that contains all the information about the allotted plot

• An agreement is to be signed between the development authority and the villager and have all the details mentioned

• Allotted needs to pay a transfer charges to the authority 

• Final order must get issued to the allottee after the lease agreement gets signed

•  Proof that the rights of the plot are vested with the builder

So ask your builder to sow all these details before buying any property from him.

So do check the property details coming under the CIDCO 12.5 scheme.