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

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?