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 Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?