Cidco Valley Shilp – Kharghar Project

valley-shilp-cidcoCidco Valley Shilp a premier housing scheme at sector 36 in Kharghar node of Navi Mumbai for MIG and HIG category.

Kharghar is a node of Navi Mumbai in Maharashtra, India. It is developed and taken care of by CIDCO. Kharghar is located on the Sion Panvel Highway at a less than one hour travel from the heart of Mumbai city. The area began developing in 1995 and now has a number of ready and under-construction housing projects both in the commercial and residential sectors. Kharghar is reported to be the third most developed node of Navi Mumbai after Vashi and Nerul.

…short about ValleyShilp :

The ” Cidco Value Shilp ” with scenic surrounding is located just ten min walking distance from proposed metro station.

Sr No Category of Housing Total No of apartments Type of houses Built-up area (Sqft) Carpet area (Sq Ft) Booking Amount Total Cost of the apartments
1 MIG 802 2BHK + Balcony + Parking 1015.50 + 45.19 (Approx) 613 + 45.19 Balcony 5 Lakh 49 to 60 Lakh
2 HIG 422 3BHK + Balcony + Servant Room + Parking 1515.76 + 53.07 (Approx) 1028.18 + 53.07 Balcony 10 Lakh 96 lakh to 1.07 Crore

The housing scheme booklet will be available for sale from 16 January 2014. The price of booklet will be Rs. 500 (+MVAT) each. Cidco will not accept the applications received by courier or post.

41 thoughts on “Cidco Valley Shilp – Kharghar Project

  1. the pricing is on the higher side and against the objectives for which cidco was formed. it appears that the price of these flats have been fixed under pressure/ influence of private builders or developers. it is a scam in it self. further definition of mig/ hig group people is also not justified. in fact person with an income of rs 1.25 lakh per month should also come under mig category only. board of directors of cidco should ponder over the issue.

    • You are right Mr Surendra , the price is really at higher side. Even I was waiting to know the price of this project since a year. I was expecting it to be between Rs. 3500 to 4000 per square feet. I inquired with some other private builders in Kharghar but they are charging More than Rs. 6500 per square feet and additionally we have to pay for development charges, parking charges , club house etc. So 2 BHK almost touch Rs. 1 cr in a good complex. What I heard and read in newspapers is that , the price mentioned above for valleyshilp is all inclusive and also CIDCO will manage the site for 2 years. Whereas private builders are charging Rs. 3 to 4 per sq ft maintenance which we have to give in advance at the time of possession. Even if the price is at higher side , I think it is 40% less compare to private builders. The importance issue is with the quality. I have seen other projects constructed by Shirke for CIDCO like Ulwe Unnati, Vastu Vihar Kharghar etc, The quality is not good according to me. The news paper says , sample flat is ready, I don’t know when CIDCO will allow us to visit the site to have a look at the sample flat. It will be great if get a chance to look at it before we apply for home there because this time the deposit amount is almost 10% of property. I am also concern about the pollution and smell come from the chemical companies in Taloja MIDC. I hope the blogger write his views about this issue. Thank and Have a nice day.

      • Please consider below as well that CIDCO will maintain the site for 2 years but not for free, buyers have to pay the additional cost of Rs. 94,147/- for it Also need to pay for Electric connection Rs 22,000/- and water connection Rs. 5000/- approx.. (Total 1,21,147/-) it goes to monthly maintenance of Rs 3.82/- per Sq Ft. Construction Quality is not good and heavy chances of bad smell from nearby chemical industries. The building spacing is at very minimum level and the balcony is for very few flats of MIG.

  2. HI,
    I visited the site and seen the sample flats. 2BHK is very small. Open kicthen. No privacy and small bedrooms. 3bhk is reasonably sized. again open kitchen. So visitors and neighbors can see you cook and eat. for a price of 1 cr , its pretty expensive

    • Thank you Mr Sanket for the information. I am also planning to visit the site. Can you let me know if we can go directly there or need to wait for the booklet distribution start.

      • Yes, you can visit the site. Sample flat is constructed near the main gate. You can ask the security to open it for you. As for the rent, 2 bhk in that area is 6000- rs and 3bhk might go for 10k. Since transport is not available. you will have to depend on your conveyance.

  3. cidco should also come out with sale proposal of unsold flats at Celebrations & vastu-vihar complex of kharghar. For shilp valley, they have put some domicile restrictions too, it is understood. They are yet to put up booklet for shilp valley in english on the website.

  4. Great project and its location but I wont be able to buy 2BHK flats here in this housing scheme of CIDCO though I am eligible to apply. My family income (me and my spouse) is around 60 thousand per month but the loan eligibility is not more than 25 lakh. It is very difficult to arrange 35 Lakh more. I dont know why the prices of CIDCO are almost same as private builders. I dont think my dream of living in my own house in Kharghar will come true.

  5. i visited the site and saw sample flats which are too small to live with more than 40% loading. open kitchen and small one balcony to living room. Also its location is very nearby taloja jail .One can smell chemicals and pollution is very high. Too pricy against the principles of cidco and government. Its difficult to think for buying.

    • 3BHK flats have a little less loading as compared to 2BHK flats. 3BHK is not just 3BHK , it is 3BHK + servant room (which is like 1 more bedroom) + 2 car parkings.

  6. Dear Experts… in case i purchase this flat and let it on rent…. how much rent/month is expected?? Can some expert comment or provide guidance on this…..

    • I think it is going to be difficult to rent out this property initially as sector 34/35 are full of new constructions and there are very few people staying over there. There are infrastructural issues and the place is very far from Kharghar station. Even if you are able to rent out, immediate rent will be around Rupees 9000/- to 10000/- per month

      • I personally went there and have checked the rates & the occupancy in the surrounding areas. The surrounding areas i.e. sector 34/35 have a occupancy rate of around 50% only hence it wont be that easy to let it out on rent. The rates in these areas vary from 6.5 k to 7.5 k depending on the builder and the amenities provided. About Transportation: Bus No 54 runs from Kharghar station to Taloja (frequency is every 5 to 10 minutes) passes from very near of the construction site. Shared vehciles also travel the same route.

  7. If one applies, and gets allotted, what if the allotee then doesn’t want to buy the flat? What are the rules got not accepting it?

  8. Dear experts,
    Whether 3 BHK flat is worth to purchase compare to other private builder since site is not accessible from railway station and also rental value is less.

  9. I do not know whether it’s just me or if everyone else experiencing issues with your website. It appears as though some of the written text on your posts are running off the screen. Can someone else please provide feedback and let me know if this is happening to them too? This might be a problem with my browser because I’ve had this happen previously. Thank you

  10. 2 bhk Flats are realyy too small as compare and having open kitchen.. i have seen sample flate.. but seems to bit expensive if we consider location.. its far from station atleast 15 mins by rik.. dont even think to walk to that area.. too long.. a side village not developed at all… hop in future when metro will run… it will definitely benefit who is gonna invest… if any1 isplanning jus to invest it for 2-3 years more.. please go ahead its good investment plan.. in budget

  11. Please consider below as well that CIDCO will maintain the site for 2 years but not for free, buyers have to pay the additional cost of Rs. 94,147/- for it Also need to pay for Electric connection Rs 22,000/- and water connection Rs. 5000/- approx.. (Total 1,21,147/-) it goes to monthly maintenance of Rs 3.82/- per Sq Ft. Construction Quality is not good and heavy chances of bad smell from nearby chemical industries. The building spacing is at very minimum level and the balcony is for very few flats of MIG..

  12. Yes I visited the site today & saw the sample flats. The sample flats are good. The demerit is the open kitchen in both the 2 BHK and 3 BHK. The rates we feel on higher side as we are expecting Cidco rates as usual, however one need to understand the scheme is diff than earlier Cidco scheme. With the time things are changing and the Quality has to be improved. The amenities and the construction quality is much better than earlier Cidco schemes. The designs are improved and there is lot of space saving in the plan layout of flats. Particularly the nich in the bedrooms can be utilized for wardrobes as shown in sample flats. The very important thing they are charging on Builtup. All the Private builders charge you on super built up. So there is never a clarity on the actual carpet to super built up loading ratio. Secondly you have 2 car parkings free for 3 BHK and 1 car parking for 2 BHK. Also the club house charges are high.
    Investor should keep in mind the destination is long term appreciable property as the other infrastructures will take time. As per my vision the metro, the Airport and already Golf ground, Huge Central Park are the key points of the appreciation and the growth will be irremarkable for Investors with passions on time. Regards Shrikant Wagh.

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