CIDCO to auction plots for residential, commercial growth in Mumbai
Real Estate

CIDCO to auction plots for residential, commercial growth in Mumbai

The Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has decided to sell 12 large residential cum commercial use plots at Kharghar, Kalamboli, and New Panvel in Navi Mumbai through e-auction. These plots range from 1,902.43 square metre (sq m) to 8143.3 sq m.

These plots will be allotted through the e-tendering and the e-auction process. The registration for the bidder will start from 15th June 2021. The e-tender process will be conducted from 15th June 2021 to 06th July 2021 while the e-auction will be conducted on 8th July 2021.

CIDCO Vice-chairman and Managing director Dr Sanjay Mukherjee told the media that this scheme will prove beneficial for the revival of the hampered real estate sector due to pandemic and prolonged lockdown and it will add up to the development of the city.

He further added that CIDCO has been consistently providing plots of residential, commercial, social, and cultural purposes for sale for the last few months.

CIDCO had come up with plots at the beginning of the year in Ulwe, Ghansoli, and Sanpada that fetched good prices. Further, he added that the scheme will satisfy the dreams of many people to own a rightful house in the city equipped with modern infrastructural, social and commercial.

Due to its suburban railways, highways, and network of internal roads, Navi Mumbai has gained smooth connectivity. Soon the city will have global connectivity, with the development of Navi Mumbai International Airport. Moreover, with the development of the Navi Mumbai Metro, the public transportation system will become more capable.

Image Source


Also read: CIDCO earmarks reserve price of land in Navi Mumbai for FY22

Also read: CIDCO housing scheme: Allotment to begin from July 1

The Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has decided to sell 12 large residential cum commercial use plots at Kharghar, Kalamboli, and New Panvel in Navi Mumbai through e-auction. These plots range from 1,902.43 square metre (sq m) to 8143.3 sq m. These plots will be allotted through the e-tendering and the e-auction process. The registration for the bidder will start from 15th June 2021. The e-tender process will be conducted from 15th June 2021 to 06th July 2021 while the e-auction will be conducted on 8th July 2021. CIDCO Vice-chairman and Managing director Dr Sanjay Mukherjee told the media that this scheme will prove beneficial for the revival of the hampered real estate sector due to pandemic and prolonged lockdown and it will add up to the development of the city. He further added that CIDCO has been consistently providing plots of residential, commercial, social, and cultural purposes for sale for the last few months. CIDCO had come up with plots at the beginning of the year in Ulwe, Ghansoli, and Sanpada that fetched good prices. Further, he added that the scheme will satisfy the dreams of many people to own a rightful house in the city equipped with modern infrastructural, social and commercial. Due to its suburban railways, highways, and network of internal roads, Navi Mumbai has gained smooth connectivity. Soon the city will have global connectivity, with the development of Navi Mumbai International Airport. Moreover, with the development of the Navi Mumbai Metro, the public transportation system will become more capable. Image Source Also read: CIDCO earmarks reserve price of land in Navi Mumbai for FY22 Also read: CIDCO housing scheme: Allotment to begin from July 1

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?