Navi Mumbai: Cidco sells 243 shops in Ulwe complex
Real Estate

Navi Mumbai: Cidco sells 243 shops in Ulwe complex

Cidco has announced a scheme for the sale of 243 shops in the Bamandongari housing complex in the Ulwe node of Navi Mumbai.

According to Cidco, the shops have been made available for small and medium businesses in the Ulwe node, which is now well-connected with various modes of transportation. It was mentioned that the online registration process for the sale of shops had commenced from March 14 and will remain open until April 13.

Vijay Singhal, the Vice Chairman & Managing Director of Cidco, stated that Cidco had launched the scheme offering 243 shops from its Bamandongri housing complex in the rapidly developing Ulwe node of Navi Mumbai. He further added that the scheme would particularly benefit medium and small businesses. He urged that maximum business owners should seize this golden opportunity.

In the scheme, 243 shops in the Bamandongari housing complex in Ulwe node of Cidco have been made available for sale through e-tendering and e-auction processes. It was mentioned that the website eauction(dot)cidcoindia(dot)com had been made available for this purpose. The result of the scheme was said to be scheduled for announcement on April 15, 2024.

The Cidco housing complex at Bamandongari is connected through the Bamandongari station along the Nerul-Uran suburban railway corridor. Additionally, it was stated that the area of this housing complex is at a close distance from MTHL (Atal Setu). It was noted that Cidco?s Navi Mumbai International Airport and JNPT Port would act as growth drivers for the development of this area, which is well-equipped with all infrastructure facilities.

Cidco has announced a scheme for the sale of 243 shops in the Bamandongari housing complex in the Ulwe node of Navi Mumbai. According to Cidco, the shops have been made available for small and medium businesses in the Ulwe node, which is now well-connected with various modes of transportation. It was mentioned that the online registration process for the sale of shops had commenced from March 14 and will remain open until April 13. Vijay Singhal, the Vice Chairman & Managing Director of Cidco, stated that Cidco had launched the scheme offering 243 shops from its Bamandongri housing complex in the rapidly developing Ulwe node of Navi Mumbai. He further added that the scheme would particularly benefit medium and small businesses. He urged that maximum business owners should seize this golden opportunity. In the scheme, 243 shops in the Bamandongari housing complex in Ulwe node of Cidco have been made available for sale through e-tendering and e-auction processes. It was mentioned that the website eauction(dot)cidcoindia(dot)com had been made available for this purpose. The result of the scheme was said to be scheduled for announcement on April 15, 2024. The Cidco housing complex at Bamandongari is connected through the Bamandongari station along the Nerul-Uran suburban railway corridor. Additionally, it was stated that the area of this housing complex is at a close distance from MTHL (Atal Setu). It was noted that Cidco?s Navi Mumbai International Airport and JNPT Port would act as growth drivers for the development of this area, which is well-equipped with all infrastructure facilities.

Next Story
Infrastructure Transport

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Next Story
Infrastructure Transport

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

Next Story
Infrastructure Transport

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?