The CIDCO Board of Directors accorded in-principal approval of a budget of approximately Rs. 19,000 crores for the 89,771 houses mega housing scheme under PMAY. Under the scheme based on the concept of 'Transit Oriented Development' affordable houses are proposed to be built in various nodes of Navi Mumbai.

During the inaugural function of Mega Housing Scheme-August 2018, Maharashtra Chief Minister Devendra Fadnavis had initiated an idea of housing development on the lines of 'Transit Oriented Development'. According to this, construction of housing complexes and commercial centres within the vicinities of bus terminals, railway stations would lessen the travelling distance and hence also the travel time; moreover, this concept would also encourage and increase the usage of public transport services which would be an extremely positive changeover from the environmental viewpoint. Hence, CIDCO proposed this mass housing scheme covering multiple nodes in Navi Mumbai.