+
 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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code