16 Navi Mumbai land parcels are listed for sale by CIDCO
Real Estate

16 Navi Mumbai land parcels are listed for sale by CIDCO

The City and Industrial Development Corporation (CIDCO), a town planning and infrastructure development agency under the Maharashtra government, has listed 16 property lots in prestigious Navi Mumbai areas.

According to real estate advisors and developers working in Mumbai's satellite city, the projected auction of land pieces totaling 12 acres is expected to bring in close to Rs 1,000 crore.

The lands will be used for both business and residential purposes. According to the CIDCO tender document, these plots are situated in a desirable area of the city close to the APMC Market in Vashi and the NRI Complex in Nerul.

The largest land piece in Nerul, which is one of 16 plots, spans adjacent sectors 54, 56, and 58 and measures 6.21 acres. The base price and reserve price for this land lot are both fixed at Rs. 1.17 lakh per square metre. Given its proximity to the Arabian Sea, this plot alone is predicted to generate earnings of up to Rs 500 crore.

Also read:
Adani Group will invest K Raheja Corp. Rs. 1,500 crore for land
Navi Mumbai International Airport acquires necessary land parcel


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The City and Industrial Development Corporation (CIDCO), a town planning and infrastructure development agency under the Maharashtra government, has listed 16 property lots in prestigious Navi Mumbai areas. According to real estate advisors and developers working in Mumbai's satellite city, the projected auction of land pieces totaling 12 acres is expected to bring in close to Rs 1,000 crore. The lands will be used for both business and residential purposes. According to the CIDCO tender document, these plots are situated in a desirable area of the city close to the APMC Market in Vashi and the NRI Complex in Nerul. The largest land piece in Nerul, which is one of 16 plots, spans adjacent sectors 54, 56, and 58 and measures 6.21 acres. The base price and reserve price for this land lot are both fixed at Rs. 1.17 lakh per square metre. Given its proximity to the Arabian Sea, this plot alone is predicted to generate earnings of up to Rs 500 crore. Also read: Adani Group will invest K Raheja Corp. Rs. 1,500 crore for landNavi Mumbai International Airport acquires necessary land parcel

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000