Cidco receives Rs 865 crore from auction of three Ghansoli plots

22 Jun 2022 CW Team

The City and Industrial Development Corporation (Cidco) earned more than Rs 865 crore via auction sales of three tender plots in the Ghansoli node. The winning bids were released on Wednesday evening.

The biggest plot comprising residential and commercial space of over 16,000 sq m was awarded to Satyam Realty for a cost of Rs 1.78 lakh per sq m.

TPV Ventures bagged a plot of 13,500 sq m for Rs 3.06 lakh per sq m. Neelkanth Infratech won the third plot measuring 6,000 sq m at a cost of Rs 2.55 lakh per sq m.

Manohar Shroff, vice-president, MCHI-Navi Mumbai, said that this is a positive development for Navi Mumbai realty. It showcases that builders have high hopes for the construction of the Ghansoli node.

Activist B N Kumar has termed the rates bid highly speculative that can't be executed since the plot rates work out Rs 17,000 to Rs 30,000 per sq ft. Additionally, builders will have to pay a 12% GST and a 6% stamp duty.

Image Source

Also read: Labour shortage hits 2BHK housing scheme in Hyderabad

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..