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CIDCO puts 182 Navi Mumbai plots on block

Tuesday, 22 Jun 2021
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The Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has put over 182 plots in Navi Mumbai on the block and expects to fetch over Rs 150 crore revenue through the proposed e-auction.

These plots are located in Navi Mumbai’s Ghansoli, Airoli, Kharghar, Kalamboli and New Panvel localities and range between 430 sq ft to 3,229 sq ft.

The bidder registration, application and payment of Earnest Money Deposit (EMD) will be conducted between 22 June and 13 July 2021. The e-tender process will be conducted from 22 June to 14 June 2021, while the e-auction will be conducted on 15 July 2021.

CIDCO has also put 12 land parcels in Navi Mumbai on the block with a revenue target of Rs 450 crore through this e-auction.

While earlier land parcels were for realty developers to undertake both residential and commercial development, the new set of 182 plots is for direct homebuyers looking to build their houses.

The plots provided by the government’s town planning authority under this scheme hold clear title, are offered at affordable rates and guaranteed by the CIDCO.

Earlier this month, CIDCO appealed to owners of land parcels falling within the Navi Mumbai Airport Influence Notified Area (NAINA) to submit their consent letters soon to fast-track development plans in the area.

The public transportation system will also get strengthened with the development of Navi Mumbai Metro network, while the commercial sector will soar high with the development of proposed International Corporate Park.

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