HomeFinderOnline Realty

All about City and Industrial Development Corporation


Navi Mumbai was planned as an urban township to decongest the financial city of India, Mumbai, which was already overburdened due to migration. To develop this new township, a new public sector undertaking was established, the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which took the responsibility of town planning and development in the new area and founded Navi Mumbai as New Bombay.

 

 

Role and function of CIDCO

  • It is responsible for catering to the growing population of the Greater Bombay area and to attract them to settle in Navi Mumbai, by developing housing options and suitable infrastructure.
  • It was planned to ease the congestion and burden on Mumbai’s physical infrastructure and assimilate the growing demand and need in Navi Mumbai, by providing alternatives.
  • CIDCO is also responsible for providing physical and social services for people based in Navi Mumbai, offering them a quality standard of living and reducing disparities in the amenities available to different sections of the society.
  • The agency is also bound to provide quality urban living with a healthy environment, which has no social or communal tensions.
  • The agency has to facilitate infrastructure for industrial development that could provide employment and job opportunities to the population in the area.

 

Major projects by CIDCO

Navi Mumbai Airport

The Navi Mumbai International Airport (NMIA) is the upcoming airport in the city and will be the second in the Mumbai Metropolitan Region (MMR). The new airport has been planned to reduce the burden on Mumbai International Airport, which is expected to see 100 million air passenger traffic by 2034. The second airport was mooted, to cater to growing air traffic and also to accelerate the economic development in the region.

 

Navi Mumbai Metro

To facilitate swift connectivity in the region, a metro connectivity was planned in Navi Mumbai in 2010. Due to construction delays, the metro line missed several deadlines. The first line was scheduled to open in 2020 but has been rescheduled to next year. There are three routes planned in Navi Mumbai – Belapur to Pendhar, MIDC Taloja to Khandeshwar and Pendhar to MIDC.

 

Development of NAINA

The Navi Mumbai Airport Influence Notified Area is a proposed region in Raigad district, to be planned by CIDCO for urban and industrial development. This area will cover 170 villages and will have a number of small cities, which will cater to the growing industry of agro-farming, education, trade and IT.

 

Industrial and IT parks

CIDCO has developed a number of economic hubs in the region that attract companies from across the world to set up their warehouses, corporate offices and industrial units in the area. The International Technology Centre in Belapur, the Kharghar Corporate Park, the International Infotech Park and many more, are examples.

 

CIDCO Lottery

Every year, CIDCO comes out with a housing lottery, to provide affordable homes to interested applicants. The CIDCO housing lottery also allots homes under the Pradhan Mantri Awas Yojana (PMAY) in LIG, MIG and EWS categories. A number of housing options were allotted earlier under the PMAY in Kharghar and Dronagiri. New schemes will be announced soon to allot homes under the PMAY.

Check out price trends in Navi Mumbai

 

Upcoming projects by CIDCO

Mumbai Trans-Harbour Link Road

The proposed Mumbai Trans-Harbour Link (MTHL) was planned with an aim to decongest and improve connectivity between Mumbai and Navi Mumbai. The link road will be a 22-km-long, six-lane bridge with a 16.5-km-long sea bridge and 5.5-km-long viaduct on land on either side.

Check out properties for sale in Navi Mumbai

 

Navi Mumbai Coastal Road

In order to facilitate smooth connectivity between Jawaharlal Nehru Port and other areas of Navi Mumbai and Mumbai, an approximately 8.3-km-long coastal road has been planned between Navghar and Chanje. It will have six lanes and on both ends there will be connecting paved roads as exits. The route is expected to see heavy traffic, as most of this will be container movement.

 

Navi Mumbai SEZ

Spread over an area of 2,140 hectares, the proposed Navi Mumbai Special Economic Zone (NMSEZ) is spread across three nodes of Navi Mumbai: Dronagiri, Ulwe and Kalamboli. The project is expected to generate employment for more than five lakh people and attract an investment of about 25,000 crores.

 

E-auction of plots

CIDCO recently announced an e-auction of 182 plots in Navi Mumbai, in areas such as Kalamboli, Airoli, Kharghar and New Panvel. The online registration has started and will end on July 13, 2021. The online auction will take place on July 15 and the results will be published on July 16, 2021. Applicants can also submit closed bids up to July 14, 2021.

 

FAQs

Who can apply for CIDCO lottery?

People with a domicile certificate of Maharashtra can apply for CIDCO Lottery.

How much do you pay for CIDCO lottery?

For the EWS category, the application amount is Rs 5,000. For LIG and other categories, the registration amount is Rs 25,000 onwards.

When was CIDCO established?

The City and Industrial Development Corporation of Maharashtra (CIDCO) was established in March 1970.

 

Was this article useful?

  • 😃 (1)

  • 😐 (0)

  • 😔 (0)





Source link

Join The Discussion

Compare listings

Compare