CIDCO to E-Auction 30 Plots Near Navi Mumbai Airport

03 Oct 2025 CW Team

The City and Industrial Development Corporation (CIDCO), the special planning authority for Navi Mumbai, has announced that it will conduct an e-auction of 30 leasehold plots near the upcoming Navi Mumbai International Airport (NMIA).

The auction will be held on 16 October, with results declared the following day. Prime Minister Narendra Modi is expected to inaugurate NMIA operations in the coming weeks, along with a partial stretch of Mumbai’s Metro-3 corridor.

According to CIDCO’s notice dated 24 September, the plots will be leased for residential, commercial, bungalow and service industry purposes, as well as for storage and warehousing. The authority will publish a detailed booklet on 29 September, available through its online portal, with exact locations of the plots.

CIDCO has developed 14 nodes in Navi Mumbai, including Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, Ulwe, New Panvel and Dronagiri. Land parcels in these areas were originally allotted on 30-year leasehold terms. In July 2025, CIDCO announced that residential plots on leasehold could be converted to freehold, subject to payment of a conversion fee linked to ready reckoner rates.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..