Cidco starts development of Aerocity in Mumbai

CIDCO aerocity
Cidco has kick-started the development of an aerocity adjoining the Navi Mumbai International Airport. It will be a commercial and residential district on its southern fringes spreading across 300 hectares. From financial services and corporate offices to residential and entertainment centres, hotels, hospitals, schools, and export-oriented services to aero-centric warehousing, the aerocity will accommodate and offer a range of activities and facilities. In totality, 400 lakh square feet will be developed as part of the plan, including well-designed roads, metro lines and automated waste collection systems. There is a requirement for financial services and banks, besides residential and commercial facilities, as airports are economic engines. Vice-chairman and MD, Sanjay Mukherjee, informed that the land acquisition is complete, and the project has been divided into four packets. International consultants have been appointed for techno-economic feasibility, marketing assessment, etc. Aerocities around the world are built with a focus on a particular sector while some serve as transit destinations. The sectors may range from financial to cargo services or aero-centric activities. To enable conducive urban design form and make the aerocity a benchmark for development in the country, it will be developed with a global floor space index. The aerocity will also offer a central command-and-control operation to manage all utilities, which will be laid through tunnels to avoid digging of roads.

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