CIDCO fast-tracks NAINA town planning project in Navi Mumbai
Real Estate

CIDCO fast-tracks NAINA town planning project in Navi Mumbai

The City and Industrial Development Corporation (CIDCO) told the media the execution of the Navi Mumbai Airport Influence Notified Area (NAINA) project over 371 sq m of land around the upcoming Navi Mumbai International Airport is progressing at a faster pace, and the work on three of the 11 town planning schemes have already commenced.

CIDCO also said that the landowners have been directed to submit their consent letters as soon as possible, who are part of the schemes four to 11.

The work under NAINA covers 175 villages in the Raigad district, and 11 town planning schemes are being executed in 23 of these villages.

The main highlight of the town development plan under NAINA is that it will be developed through a participatory basis instead of land acquisition.

The landowners under this scheme are going to contribute equivalent land. Therefore, they will get 40% of the developed plot from their original land even if it is affected by any reservation, and the carpet area will also be the same as the original land.

Thus, the landowners will gain complete returns on their plots. Over the remaining 60% land, CIDCO will develop playground, gardens, roads, schools, growth centres, and other facilities.

Image Source


Also read: CIDCO to auction plots for residential, commercial development in Mumbai

Also read: CIDCO earmarks reserve price of land in Navi Mumbai for FY22

The City and Industrial Development Corporation (CIDCO) told the media the execution of the Navi Mumbai Airport Influence Notified Area (NAINA) project over 371 sq m of land around the upcoming Navi Mumbai International Airport is progressing at a faster pace, and the work on three of the 11 town planning schemes have already commenced. CIDCO also said that the landowners have been directed to submit their consent letters as soon as possible, who are part of the schemes four to 11. The work under NAINA covers 175 villages in the Raigad district, and 11 town planning schemes are being executed in 23 of these villages. The main highlight of the town development plan under NAINA is that it will be developed through a participatory basis instead of land acquisition. The landowners under this scheme are going to contribute equivalent land. Therefore, they will get 40% of the developed plot from their original land even if it is affected by any reservation, and the carpet area will also be the same as the original land. Thus, the landowners will gain complete returns on their plots. Over the remaining 60% land, CIDCO will develop playground, gardens, roads, schools, growth centres, and other facilities. Image Source Also read: CIDCO to auction plots for residential, commercial development in Mumbai Also read: CIDCO earmarks reserve price of land in Navi Mumbai for FY22

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hindalco Baphlimali Mine Secures ASI Certification

Hindalco Industries has announced that Utkal Alumina International Limited’s Baphlimali Bauxite Mine in Rayagada district, Odisha, has achieved Aluminium Stewardship Initiative (ASI) Performance Standard V3.1 certification.With this achievement, Baphlimali has become the first bauxite mining operation in India to secure ASI Performance Standard V3.1 certification.The certification covers planning, mining, onsite crushing and conveyor transportation of bauxite from the mine, which has an annual production capacity of 8.5 million tonnes. The mine supplies bauxite to Utkal Alumina’s refinery ..

Next Story
Infrastructure Urban

Hindustan Zinc Builds Young Leadership Pipeline

Hindustan Zinc is strengthening its next-generation leadership pipeline, with 10% of the company’s leaders now under the age of 35.The company said more than 62% of its workforce is under 35, while its gender diversity ratio stands at 26.3%. Young professionals are taking on roles across mining, manufacturing, technology, sustainability and business leadership.Over the past two fiscal years, Hindustan Zinc has hired nearly 700 young professionals. This includes 335 campus recruits in FY26 through its VLDP, GET, PGET and MT programmes from leading institutions across India.Amarendu Prakash, C..

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to International Markets

Vedanta Aluminium Metal Limited has expanded its flagship digital e-commerce platform, Vedanta Metal Bazaar (VMB), to international markets, enabling overseas customers to order and buy aluminium products online.The platform will now serve customers across Asia, Europe, Africa and the Americas. International buyers will gain access to more than 1,000 aluminium product variants along with simplified price booking, live LME-linked hedging and digital transaction management.Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 38,000 crore, in FY26 and fulfilled more t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement