+
16 Navi Mumbai land parcels are listed for sale by CIDCO
Real Estate

16 Navi Mumbai land parcels are listed for sale by CIDCO

The City and Industrial Development Corporation (CIDCO), a town planning and infrastructure development agency under the Maharashtra government, has listed 16 property lots in prestigious Navi Mumbai areas.

According to real estate advisors and developers working in Mumbai's satellite city, the projected auction of land pieces totaling 12 acres is expected to bring in close to Rs 1,000 crore.

The lands will be used for both business and residential purposes. According to the CIDCO tender document, these plots are situated in a desirable area of the city close to the APMC Market in Vashi and the NRI Complex in Nerul.

The largest land piece in Nerul, which is one of 16 plots, spans adjacent sectors 54, 56, and 58 and measures 6.21 acres. The base price and reserve price for this land lot are both fixed at Rs. 1.17 lakh per square metre. Given its proximity to the Arabian Sea, this plot alone is predicted to generate earnings of up to Rs 500 crore.

Also read:
Adani Group will invest K Raheja Corp. Rs. 1,500 crore for land
Navi Mumbai International Airport acquires necessary land parcel


The City and Industrial Development Corporation (CIDCO), a town planning and infrastructure development agency under the Maharashtra government, has listed 16 property lots in prestigious Navi Mumbai areas. According to real estate advisors and developers working in Mumbai's satellite city, the projected auction of land pieces totaling 12 acres is expected to bring in close to Rs 1,000 crore. The lands will be used for both business and residential purposes. According to the CIDCO tender document, these plots are situated in a desirable area of the city close to the APMC Market in Vashi and the NRI Complex in Nerul. The largest land piece in Nerul, which is one of 16 plots, spans adjacent sectors 54, 56, and 58 and measures 6.21 acres. The base price and reserve price for this land lot are both fixed at Rs. 1.17 lakh per square metre. Given its proximity to the Arabian Sea, this plot alone is predicted to generate earnings of up to Rs 500 crore. Also read: Adani Group will invest K Raheja Corp. Rs. 1,500 crore for landNavi Mumbai International Airport acquires necessary land parcel

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code