CIDCO News Freehold Scheme Brings Big Relief to Navi Mumbai Homeowners

In a significant move that’s set to benefit thousands of homeowners in Navi Mumbai, the City and Industrial Development Corporation (CIDCO) has officially announced the launch of a scheme to convert residential leasehold plots into freehold properties.

This development brings long-awaited clarity and ownership rights to individuals who were earlier holding CIDCO-allotted plots on lease terms.

Also Read:- CIDCO Lottery Offer 22,000 Houses in Navi Mumbai in 2025: How to Apply CIDCO Lottery Online

What Does This Mean for Property Owners?

If you own a residential plot in Navi Mumbai that was allotted by CIDCO on a leasehold basis, you now have the option to convert it to freehold. This means full ownership rights without recurring lease renewals or restrictions associated with leased land.

Which Plots Are Eligible for Freehold Conversion?

CIDCO’s scheme includes:

• Residential plots allotted through tender processes
• Plots in CIDCO-constructed housing projects
• Plots under the 12.5% and 22.5% rehabilitation schemes

Importantly, this scheme is optional and is applicable only where lease deeds have already been executed.

How to Apply for Freehold Conversion?

Eligible plot holders can apply for freehold conversion by:

1. Submitting the necessary documentation
2. Paying the applicable conversion fee

CIDCO has clarified that the conversion charges will be based on the Ready Reckoner (RR) rate of the land. However, only a percentage of the RR rate will be charged—not the full value—making it relatively affordable.

Also Read:- CIDCO e-auction: Online application | Registration | Result | Plot

Additional Charges That May Apply

• If the lease agreement contains a clause for recovery of unearned income, such recovery will be done along with the conversion charges.
• For plots allotted at concessional or subsidized rates, additional fees may apply.

CIDCO has ensured transparency in this process by outlining all applicable charges clearly in its statement.

What Happens After Conversion?

Once the leasehold plot is converted to freehold:

• Transfer charges will no longer be applicable for any future sale or transfer of the property.
• Ownership records will be updated and maintained by the Department of Land Records, Government of Maharashtra, ensuring official recognition of the new freehold status.

Also Read:- How to Check RERA Registered Projects in Navi Mumbai in 2025

Why This Move Matters

CIDCO has developed 14 major nodes in Navi Mumbai, including:

• Airoli
• Vashi
• Nerul
• Belapur
• Kharghar
• Kamothe
• Ulwe
• New Panvel
• Dronagiri and others

Almost all plots in these areas were originally allotted on a leasehold basis. For decades, homeowners faced uncertainty and bureaucratic hurdles regarding ownership rights and resale of such properties. This new scheme is expected to resolve those issues and enhance the property’s marketability and value.

Also Read:- Adani Realty to Launch ₹10,000 Cr Mega Township Near Navi Mumbai Airport

Final Thoughts

CIDCO’s decision to convert leasehold plots into freehold is a landmark reform in Navi Mumbai’s real estate landscape. It not only empowers homeowners with full ownership but also simplifies future property transactions.

If you are a plot holder under CIDCO’s jurisdiction, this is the ideal time to secure absolute ownership of your property by opting into this conversion scheme.