Navi Mumbai: Cidco sells 243 shops in Ulwe complex

18 Mar 2024 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..