Tag: cidco

InfrastructureLatest Stories

New City Plan in Development Near Navi Mumbai Airport

The City and Industrial Development Corporation (CIDCO), which oversees urban planning for the Maharashtra government, is anticipated to complete the master plan for the Navi Mumbai Aerocity development within the next three months, according to an official. The planned Aerocity, covering 667 acres adjacent to the Navi Mumbai International Airport (NMIA), will feature a mix of residential, commercial, retail, and industrial buildings. Its completion is expected to be a significant milestone for the urban and real estate landscape of the city. CIDCO is currently selecting a consultant to develop the master plan and provide advisory services for the project. In…

InfrastructureLatest Stories

Navi Mumbai Airport Opening Set for October 8

MUMBAI: The Navi Mumbai International Airport is set to open on October 8, as announced by Adani Group Chairman Gautam Adani on Wednesday. The airport recently received its aerodrome license from the Directorate General of Civil Aviation (DGCA) on Tuesday and is being developed in multiple phases by Navi Mumbai International Airport Ltd. The Adani Group holds a 74% stake, while the Maharashtra government’s CIDCO has the remaining 26%. “In preparation for the opening of Navi Mumbai International Airport on October 8, I had the honor of meeting with our diverse team, including construction workers, women staff, engineers, artisans, firefighters,…

IndustryLatest Stories

CIDCO Approves Conversion of Leasehold to Freehold Plots

Representative image created by AI The Maharashtra government has taken a notable step to enhance property ownership rights by converting residential plots allocated by the City and Industrial Development Corporation (CIDCO) from leasehold to freehold. This decision is poised to affect plot owners in Navi Mumbai and other areas developed by CIDCO. To facilitate the implementation of this directive, CIDCO has established a dedicated committee to oversee and review applications for these conversions. This scheme is applicable to residential plots awarded through the tender process, CIDCO-built housing projects, and those allotted under the 12.5% and 22.5% land allotment schemes. Eligible…