CIDCO offers 16,000 sq.mt land for realty projects
In its quest to ensure sufficient funding flow for the construction of the Navi Mumbai International Airport (NMIA) and Smart City project, the City and Industrial Development Corporation (CIDCO) in a recent move has offered 16,000 sq.mt areas for residential and commercial purposes in Ghansoli area of the metropolitan city. The plots in the project are spread across sector 2 and sector 4 where the average price was Rs. 70,000 per sq.mt in September this year, while in the same node last year, similar-sized plots were quoted at Rs. 90,000 to Rs. 1,00,000 per sq.mt. It may be recalled that CIDCO offered four plots in Ghansoli this September, which were quoted at 30% less than the last year. An official of CIDCO said that the agency needs funding for upcoming projects like NMIA and Smart City and the nodal agency will require more funds to execute its affordable housing projects which were launched earlier this year by Chief Minister Devendra Fadnavis. For residential-cum-commercial plots, 25% of the construction can be commercial and the remaining to be used for residential purpose, he said.
📅Published on:
05 November 2016
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
