+
 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
Real Estate

Rs 24.4 Trillion Worth Of Plots Launched Since 2022

Housing plots worth Rs 24.4 trillion have been launched across India’s top tier-I and tier-II cities between January 2022 and May 2025, driven by post-Covid demand for customisable living spaces, according to data from real estate analytics firm PropEquity.During this period, developers rolled out approximately 470,000 residential plots across ten cities—Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.Samir Jasuja, Founder and CEO of PropEquity, stated that the increasing popularity of residential plots stems from their liquidity and stronger ap..

Next Story
Infrastructure Urban

Wyndham, Cygnett To Add 60 Hotels Across South Asia

Wyndham Hotels & Resorts has entered into a strategic alliance with Indian hospitality group Cygnett Hotels & Resorts to significantly expand its presence across South Asia. The collaboration will bring Wyndham’s La Quinta and Registry Collection Hotels brands to India, with plans to develop over 60 hotels across India, Bangladesh, Sri Lanka, and Nepal in the next ten years.This move seeks to capitalise on the growth of India’s travel and tourism industry, fuelled by infrastructure investments, a growing middle class, and rising domestic and international tourism.Dimitris M..

Next Story
Infrastructure Urban

Marengo Asia To Invest Rs 1.5 Billion In West India Expansion

Marengo Asia Healthcare, a prominent multi-specialty hospital platform backed by marquee investors including Samara Capital, Havells Family Office, and the Godrej Family Office, has announced a strategic investment of Rs 1.5 billion to expand its presence into Maharashtra and Rajasthan. The move is part of the group’s wider vision to build a pan-India network by strengthening its operations across northern and western India.Currently operating around 1,500 beds across four hospitals in Delhi NCR and Gujarat, Marengo plans to double its bed capacity to 3,000 within the next 12 months. This wi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?