CIDCO, the special planning body for parts of Navi Mumbai close to Mumbai, plans to hold an e-auction for 30 leasehold plots near the new Navi Mumbai International Airport (NMIA).
CIDCO announced the e-auction of these 30 leasehold plots by the upcoming Navi Mumbai International Airport (NMIA). Prime Minister Narendra Modi will open the airport on September 30. (Image for illustration only) (HT Files)
CIDCO announced the e-auction of these 30 leasehold plots by the upcoming Navi Mumbai International Airport (NMIA). Prime Minister Narendra Modi will open the airport on September 30. (Image for illustration only) (HT Files)
Prime Minister Narendra Modi will approve the start of operations at Navi Mumbai Airport on September 30. He will also launch the first part of the Mumbai Metro-3 line in South Mumbai.
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CIDCO released a notice on September 24. It details the e-auction of 30 plots across various Navi Mumbai areas.
The notice explains that these plots will go on lease for homes, shops, bungalows, and light industry uses. Later, they can serve storage and warehouses.
The notice adds that full details will appear in a booklet on CIDCO’s website by September 29. It will list the precise spots of all 30 plots.
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Buy the booklet through the portal. The e-auction runs online on October 16. Results come out October 17.
Anyone can apply for these CIDCO plots at eauction.cidcoindia.com.
Also Read: CIDCO drops 16 Navi Mumbai plots worth ₹2,000 crore: Main causes.
What are CIDCO’s nodes? CIDCO oversees planning in Navi Mumbai areas. It built 14 nodes like Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, New Panvel, Ulwe, and Dronagiri. Land there started as 30-year leases.
In July 2024, CIDCO said leasehold home plots can switch to freehold.
CIDCO noted that owners of eligible plots should submit papers and pay fees to convert.
Also Read: Mumbai Port to lease 28 plots over 217 acres in Mumbai and Alibaug, earn ₹800 crore a year.
CIDCO staff explained the fee ties to the land’s current market rate. They charge just a portion of that rate for the switch.