CIDCO to refund delayed payment charges to housing scheme applicants – ET RealEstate

THANE: The City and Industrial Development Corporation (CIDCO), an agency of the Maharashtra government, has waived delayed payment charges on 5th and 6th installments under its 2018-19 housing scheme and would refund this money to 3,417 applicants, it said on Tuesday.

About Rs 1. 07 crore in total will be refunded to those who paid the delayed payment charges, it said in a release.

The decision to waive the charges was taken in view of the pandemic and resultant lockdowns, it said.

Of 3,417 applicants, 2,689 are from the Lower Income Group and 728 from the Economically Weaker Section.

Under the state government’s ‘Housing for all‘ policy, CIDCO had developed about 25,000 houses in five nodes of Navi Mumbai.

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CIDCO puts 182 Navi Mumbai plots on block for residential developments – ET RealEstate

The Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has put over 182 plots in Navi Mumbai on the block and expects to fetch over Rs 150 crore revenue through the proposed e-auction.

These plots are located in Navi Mumbai’s Ghansoli, Airoli, Kharghar, Kalamboli and New Panvel localities and range between 430 sq ft to 3,229 sq ft.

The bidder registration, application and payment of Earnest Money Deposit (EMD) will be conducted between June 22 and July 13. The e-tender process will be conducted from June 22 to June 14, while the e-auction will be conducted on July 15.

Earlier this week, CIDCO also put 12 land parcels in Navi Mumbai on the block with a revenue target of Rs 450 crore through this e-auction.

While earlier land parcels were for realty developers to undertake both residential and commercial development, the new set of 182 plots is for direct homebuyers looking to build their houses.

“CIDCO has undertaken various schemes to provide relief to the common people along with the real estate sector in the adverse situation of pandemic. Through this scheme, CIDCO has once again provided an opportunity for common people to build their dream home, by offering plots at reasonable rates,” said Sanjay Mukherjee, VC & MD, CIDCO.

Following the outbreak of Covid19 pandemic, the demand for plots and independent houses has been on the rise. Real estate developers have been launching such plotted developments owing to the increased preference for these among homebuyers.

The plots provided by the government’s town planning authority under this scheme hold clear title, are offered at affordable rates and guaranteed by the CIDCO.

Many peripheral micro-markets where demand remained muted before the pandemic are now seeing renewed demand and supply.

The previous desire to live in city centres–closer to workspaces, children’s school, etc–has reduced markedly with the advent of WFH and e-schooling options in the post-pandemic world. People now prefer to live in bigger, open and green spaces in peripheries and that too at affordable rates.

Over the last few years, Navi Mumbai has gained smooth connectivity due to its suburban railways, highways and network of internal roads. The city, known to be the satellite city of the country’s financial capital Mumbai, will soon have global connectivity with the development of Navi Mumbai International Airport.

Earlier this month, CIDCO appealed to owners of land parcels falling within the Navi Mumbai Airport Influence Notified Area (NAINA) to submit their consent letters soon to fast-track development plans in the area.

The public transportation system will also get strengthened with the development of Navi Mumbai Metro network, while the commercial sector will soar high with the development of proposed International Corporate Park.

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CIDCO moves to fast-track Navi Mumbai airport area development – ET RealEstate

THANE: Town planning authority CIDCO on Sunday asked land owners who come within the Navi Mumbai Airport Influenced Notified Area, also known as NAINA, to submit consent letters as soon as possible to fast-track development plans in the area.

Such consent letters must be submitted within 10 days of the City and Industrial Development Corporation publishing notices in newspapers, it said.

It will benefit land owners as they will be able to undertake development works on the land allotted to them and gain positive demand at the earliest, said CIDCO managing director Sanjay Mukherjee.

CIDCO is the planning and development authority for an area running into several square kilometres around the upcoming Navi Mumbai airport.

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Cidco to develop township on 337 hectares of land in Palghar – ET RealEstate

MUMBAI: A new, planned satellite township will be built in Palghar, about 115km from Mumbai. This will be the second such township after Navi Mumbai, the development of which started in the 1970s.

The township will be developed on 337 hectares given to the City and Industrial Development Corporation (Cidco) in lieu of constructing the district headquarters, spending Rs 1,000 crore. Cidco has been given 400 hectares, of which 70 hectares is prime sea-facing land. The 337 hectares, which can accommodate 35 Oval Maidans, is on the other side of the newly developed district HQ spread over 103 hectares.

“We have not been able to predict the market with the Covid pandemic. We have, therefore, invited expression of interest as we want to know what the market demands, understand the views of stakeholders, be it educational institutions, IT companies, large industrial houses, experts, scholars. Covid has changed how we shall live and we want to know what will be the right product mix for Palghar,” said Sanjay Mukherjee, MD, Cidco.

Mukherjee said the Mumbai Metropolitan Region Development Authority (MMRDA), which is the planning authority for the region, wants Palghar to be a residential township. With the terminal station for the Bullet train in BKC, the MMRDA proposes to shift its back office to Palghar so that its employees can live and work there and if required travel by the Bullet train to BKC.
Cidco to develop township on 337 hectares of land in PalgharThe draft plan is ready and depending on the response Cidco may allow four to five master developers to build the township. If the response is not good, Cidco will build infrastructure and auction plots.

Mukherjee wants Palghar to be a walk-to-work place. Palghar city at present comprises its industrial area too. The Trans MIDC Industries Association (TMIA), which represents industries in the Thane-Navi Mumbai belt, said the notified industrial area must be excluded from the future civic body, the new Palghar city municipality.

“Municipal bodies have no role to play in industrial areas. MIDC is a statutory corporation, which is duty-bound to provide infrastructure and amenities in this area. The Maharashtra government has failed to respect the constitutional mandate that notified industrial areas are to be exclusive. Navi Mumbai and Panvel industrial areas have been included in municipal limits, resulting in double taxation, resulting in flight of industries to other states,” said Raja Bujle, chairman, legal, for TMIA.

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