The City and Industrial Development Corporation (CIDCO) has come up with 182 small and medium-size residential plots in four nodes in Navi Mumbai. The plots will be sold through e-auction for which the details will be available by June 22. These plots range from 40 sqm to 300 sqm and they can be used for bungalows or row houses.
In the last six to seven months, CIDCO has consistently made available plots to provide relief to the real estate sector and citizens, which received a good response. Now, CIDCO has brought 182 residential plots for sale in Ghansoli, Airoli, Kharghar, Kalamboli and New Panvel. The planning agency claims that the scheme provides an opportunity to develop a house or invest in Navi Mumbai, the city well-equipped with the best infrastructural facilities. Last week, CIDCO had come up with 12 plots for residential and commercial purposes in different parts of the city.
“CIDCO has undertaken various schemes to provide relief to the common people along with the real estate sector in the adverse situation of the pandemic. Through this scheme, CIDCO has once again provided a golden opportunity for common people to build their dream home, by providing plots at reasonable rates,” said Dr. Sanjay Mukherjee, vice chairman and managing director of CIDCO.
These plots will be sold through the e-tendering and e-auction process. The scheme booklet with the detailed information of the scheme including the timetable will be made available on the website https://eauction.cidcoindia.com from 22nd June 2021. The bidder registration, application and payment of Earnest Money Deposit (EMD) will be conducted from June 22, to July 13, 2021. The e-tender process will be conducted from June 22, 2021 to July 14, 2021. Accordingly, the e-auction will be conducted on 15th July 2021.
The purpose of making available of small plots is to enable common people to have a dream house. Meanwhile, the CIDCO claimed that this is the last opportunity for small plot buyers.