CIDCO approves construction period from plot possession
Real Estate

CIDCO approves construction period from plot possession

The City and Industrial Development Corporation (CIDCO), the city planning authority of Maharashtra, has granted approval for an extended construction period for individuals affected by the Navi Mumbai International Airport project. As part of CIDCO's existing policy, a construction period of four to six years is typically allocated from the agreement date for individuals receiving plots under the Rehabilitation and Resettlement Scheme. However, in a special case, CIDCO has now sanctioned an extended construction period of six years from the date of plot possession for those impacted by the Navi Mumbai International Airport project.

Anil Diggikar, Vice Chairman and Managing Director of CIDCO, attributed this decision to the directives of Chief Minister Eknath Shinde and the significant contributions made by the Project Affected People (PAPs) of Navi Mumbai International Airport to a project of national importance. He noted that this extension will facilitate a smoother development process for the project affected individuals, enabling them to effectively utilize the allotted plots.

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The City and Industrial Development Corporation (CIDCO), the city planning authority of Maharashtra, has granted approval for an extended construction period for individuals affected by the Navi Mumbai International Airport project. As part of CIDCO's existing policy, a construction period of four to six years is typically allocated from the agreement date for individuals receiving plots under the Rehabilitation and Resettlement Scheme. However, in a special case, CIDCO has now sanctioned an extended construction period of six years from the date of plot possession for those impacted by the Navi Mumbai International Airport project. Anil Diggikar, Vice Chairman and Managing Director of CIDCO, attributed this decision to the directives of Chief Minister Eknath Shinde and the significant contributions made by the Project Affected People (PAPs) of Navi Mumbai International Airport to a project of national importance. He noted that this extension will facilitate a smoother development process for the project affected individuals, enabling them to effectively utilize the allotted plots.

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