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

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..