CIDCO distributes 46 plots to PAPs through electronic raffle

04 Jul 2023 CW Team

The City and Industrial Development Corporation (CIDCO) recently held a computerized draw to award alternate plots in the Navi Mumbai International Airport project area to project-affected persons (PAPs). A total of 46 plots were successfully allotted during the draw on June 22, 2023, with 23 plots coming under the rehabilitation and resettlement scheme and the remaining 23 plots falling under the 22.5% scheme. The ceremony was held at the organization's headquarters, CIDCO Bhavan.

Rajesh Patil, JMD of CIDCO, expressed his satisfaction with the outcome, stating, “We are pleased with the successful conduct of the computerized draw, which ensures fair allocation of plots to the project-affected persons.”

CIDCO is developing the Navi Mumbai International Airport on 1160 hectares of land obtained from ten villages in Tal. Panvel, Dist. Raigad, Navi Mumbai. CIDCO has executed the state government-approved 22.5% scheme, providing project-affected individuals with the best rehabilitation package in the country, among other perks.

Highlighting the efforts made by CIDCO, Suresh Mengde, CVO, stated, “CIDCO has developed the Pushpak Nagar Node of the Rehabilitation and Resettlement Area (R&R), which is equipped with all necessary physical, social, and cultural amenities for the airport PAPs.”

However, due to technological issues, several of the initially assigned plots had to be annulled. Smita Shirodkar, Senior Planner (Airport Resettlement & Rehabilitation), addressed this issue, stating, "During the recent computerized draw, CIDCO ensured that the concerned project-affected persons were allocated alternative plots totaling 46." This will give them with adequate and satisfactory accommodations."

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..