India, Aug. 22 -- The City and Industrial Development Corporation's (CIDCO) flagship housing scheme - My Preferred CIDCO Home - is set for a major price correction following sustained public protests and an imminent meeting with Maharashtra deputy chief minister Eknath Shinde, who is also the state urban development minister.

CIDCO vice-chairperson and managing director, Vijay Singhal, said the corporation is "fully prepared to act" once the government issues a directive.

"We are awaiting a meeting with the deputy chief minister, where the issue of housing prices will be discussed in detail. We expect a solution to emerge from that meeting," said Singhal. "We are committed to inclusive housing. Once the government gives its final nod, w...