16 Navi Mumbai land parcels are listed for sale by CIDCO

19 Jul 2022 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..