CIDCO floats tender for 14 plots in Navi Mumbai on 75th Independence Day

To mark the 75th anniversary of independence, the City and Industrial Development Corporation (CIDCO) has floated tenders for 14 residential and residential-cum-commercial plots across five nodes of Navi Mumbai. These plots will be given on lease through an e-auction that will take place on September 7.

In the first week of August, the planning agency churned out over Rs 200 crore from the auction of 10 plots in different nodes of Navi Mumbai. Now, it has floated a tender to auction plots in Airoli, Koparkhairane, Kamothe, Kalamboli and Panvel. The size of these plots ranges from a minimum 360 sq mtrs to 5,345 sq mtrs.

The plots can be developed with 1.1 to 1.5 FSI. However, additional FSI can be used under the Unified Development Control and Promotion Regulations (UDCPR building rules) by paying a premium.

The sale of documents for bidding started on August 15 and it will be open till September 6, when the bidding will close. The e-auction will take place on September 8 and the result will be published on September 9.

According to officials from the marketing department of CIDCO, the details of the plots will be made available on the website in a couple of days. Meanwhile, the e-auction of five plots in Nerul, including a 25,000 sq mtr plot along the Palm Beach Road and a Ghansoli plot will be held on August 18, with the results being declared on August 22.