CIDCO e-auction: Registration, Online Application

Mar 27 2025

Latest News:

CIDCO Housing Scheme: Understanding Size Discrepancies in My Preferred Home Scheme

Scheme number: MM/SCH-42/2024-2025 -- Auction dates are extended till - Document fee and EMD payment till 16-02-2025, 12:00 pm, and Close bid submission till 15-02-2025, 23:59 pm, and E-Auction will be on 16-02-2025, 11:00 am to 06:00 pm and Result opening will be held on 17-02-2025, 15:00 pm

`Latest News on Cidco Plot E Auctions: Read News`

How does the CIDCO e-auction work?
How to check CIDCO e-auctions 2024?
How to register with the CIDCO e-auction?
How to participate in the CIDCO e-auction?
CIDCO e-auction 2024-2025
CIDCO e-auction 2024-2025 for plots: Important dates
CIDCO e-auction 2024-2025 for shops: Important dates
FAQs

How Does the CIDCO e-auction Work?

The CIDCO e-auction follows a digital process to auction residential and commercial plots or units to eligible participants. The auction is conducted through an online portal where interested parties can view the available properties, register, and participate in the bidding process. Here’s a breakdown of the workflow:

Announcement of Auction: CIDCO announces e-auctions for specific plots or shops through its official website or a public notice.
Property Inspection: Prospective bidders can inspect the property details, such as plot size, location, and base price, available on the CIDCO portal.
Bidding Process: Registered users place their bids within the auction period. The highest bidder at the close of the auction is typically declared the winner.
Payment and Documentation: Upon winning, the bidder must pay the requisite amount within the specified time and complete the documentation process for property ownership.

How to Check CIDCO e-auctions 2024?

To stay updated on the latest CIDCO e-auctions for 2024, you can:

Visit CIDCO’s Official Website: Navigate to the e-auction section for detailed information on upcoming auctions.

https://eauction.cidcoindia.com/eAuction/;jsessionid=EFaA+IDiKeKdl5mE60eSsMg7?0

Register for Notifications: You can subscribe to email or SMS notifications to get alerts about the latest auctions.
Check the Auction Portal: The dedicated e-auction portal displays all ongoing and upcoming auctions, along with property details and bidding timelines.

How to Register with the CIDCO e-auction?

Registration is a crucial step for participating in CIDCO’s e-auction. Here’s a step-by-step guide:

Create an Account:
- Go to CIDCO’s e-auction portal (https://cidco.maharashtra.gov.in/auction).
- Click on the ‘New User Registration’ link.
- Fill in personal or business details, including PAN, Aadhar, and bank account information.
Verification:
- Upload the required KYC documents for identity and address verification.
- CIDCO will verify your details, after which you will receive login credentials.
Deposit EMD (Earnest Money Deposit):
- Each auction requires an EMD payment, which serves as a deposit to confirm your seriousness in bidding. This can be paid online through net banking or other approved methods.
Access the Auction Dashboard: Once registered and verified, you can access the auction dashboard to view upcoming events, bid details, and more.

How to Participate in the CIDCO e-auction?

After registering, follow these steps to participate in an e-auction:

Login: Use your credentials to log into the CIDCO e-auction portal.
Select Auction: Navigate to the ‘Ongoing Auctions’ section, select the auction you are interested in, and review the property details.
Place a Bid: Enter your bid amount, ensuring it is higher than the current bid or reserve price.
Monitor the Auction: Keep track of the bidding progress in real-time on the portal.
Winning the Auction: If your bid is the highest when the auction closes, CIDCO will notify you via email or SMS. You’ll then have to complete the payment and submit required documents.

CIDCO e-auction 2024-2025

The CIDCO e-auction for 2024-2025 is expected to see a surge in demand, especially for prime plots and commercial spaces in Navi Mumbai and surrounding areas. CIDCO plans to release several rounds of e-auctions for various property types, catering to both residential and commercial needs.

CIDCO e-auction 2024-2025 for Plots: Important Dates

CIDCO typically schedules auctions for residential and commercial plots at regular intervals. Here are some anticipated key dates for the 2024-2025 auction cycle:

Notification Release: January 2024
Registration Deadline: March 2024
Auction Date: April 2024
Result Announcement: April-May 2024
Payment Due Date: June 2024

Please note that dates are tentative and subject to change based on CIDCO’s official announcements.

CIDCO e-auction 2024-2025 for Shops: Important Dates

For commercial shops, CIDCO holds separate auctions. The 2024-2025 schedule is likely to follow this timeline:

Notification Release: February 2024
Registration Deadline: April 2024
Auction Date: May 2024
Result Announcement: June 2024
Payment Due Date: July 2024

Again, these dates are indicative and participants are advised to keep checking the official CIDCO site for updates.

FAQs

1. What is an Earnest Money Deposit (EMD)?
An EMD is a deposit made by bidders to demonstrate their commitment to participating in the auction. It is refundable if the bidder does not win.

2. Can I inspect the properties before bidding?
Yes, details of the properties, including their location and size, are provided on the portal. CIDCO may allow physical inspections upon request.

3. How do I get a refund for my EMD if I don’t win?
The EMD is automatically refunded to the account registered on the portal if you do not win the auction. This typically takes 7-10 working days.

4. Can I participate in multiple e-auctions simultaneously?
Yes, you can bid on multiple properties in different e-auctions as long as you meet the registration requirements and pay the necessary EMD for each.

5. What happens if I win but cannot complete the payment?
Failure to make full payment within the stipulated time may result in the cancellation of your bid, forfeiture of your EMD, and potential blacklisting from future CIDCO auctions.

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