Cidco offers land for NMIA project-affected villagers
AVIATION & AIRPORTS

Cidco offers land for NMIA project-affected villagers

The City & Industrial Development Corporation (Cidco), which is developing Navi Mumbai international airport, has proposed the handing over of 2.5 per cent of developed land instead of a monetary compensation to the project-affected people from 10 villages. Of the total 2,020 hectare required for the airport project, nearly 1,400 was in Cidco’s possession, while the state government has agreed to hand over its 150 hectare for the project.

The first phase of the project is likely to be commissioned in 2015 with an investment of Rs 9,150 crore.

Contact: The City & Industrial Development Corporation.
Tel: 022-2202 2420.
Website: www.cidcoindia.com

The City & Industrial Development Corporation (Cidco), which is developing Navi Mumbai international airport, has proposed the handing over of 2.5 per cent of developed land instead of a monetary compensation to the project-affected people from 10 villages. Of the total 2,020 hectare required for the airport project, nearly 1,400 was in Cidco’s possession, while the state government has agreed to hand over its 150 hectare for the project.The first phase of the project is likely to be commissioned in 2015 with an investment of Rs 9,150 crore.Contact: The City & Industrial Development Corporation.Tel: 022-2202 2420.Website: www.cidcoindia.com

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement