CIDCO earmarks reserve price of land in Navi Mumbai for FY22

30 May 2021 CW Team

Real estate body City and Industrial Development Corporation (CIDCO) has approved a proposal to freeze the reserve price of land in Navi Mumbai and various surrounding areas for FY22, citing the effect of the Covid-19 pandemic on the real estate market.

The current reserve price was scheduled for revision in March 2021. CIDCO says this will encourage landowners and developers during these difficult times The real estate sector has been severely affected, since the past year, because of the economic recession caused by the pandemic and extended lockdown.

Rajesh Prajapati, Founder President, MCHI-CREDAI, Raigad, welcomed the move and cited it as a boost for the real estate sector.

Sanjay Mukherjee, Managing Director, CIDCO, said that considering the existing economic crisis, they have decided to fix the reserve price of land in Navi Mumbai, and surrounding regions. It will provide support to the real estate sector and stabilise the costs.

CIDCO, formed on 17 March 1970, is a planning agency and government authority in India that has been created and managed by the Maharashtra government. CIDCO is responsible for the development of sufficient infrastructure and handles the direct sale of the developed or undeveloped land to recover the construction expenses.

Image Source

Also read: CIDCO housing scheme: Allotment to begin from July 1

Also read: CIDCO to build 337-acre township in Maharashtra’s Palghar

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..