CIDCO to Auction 30 Plots for Bungalows and Commercial Spaces Near Navi Mumbai International Airport
The City and Industrial Development Corporation (CIDCO) is set to conduct an e-auction of 30 leasehold plots near the upcoming Navi Mumbai International Airport (NMIA). Prime Minister Narendra Modi is scheduled to inaugurate the airport on September 30, and the auction will take place on October 16.
Real EstateNavi MumbaiCidcoAuctionPlotsReal Estate MumbaiSep 24, 2025
In a notice issued on September 24, CIDCO detailed the plans for the e-auction, which will be conducted on October 16. The results will be announced the following day, on October 17. The plots will be leased for various purposes, including residential, commercial, bungalow, and service industry uses, as well as storage and warehouse purposes.
The authority will release a detailed booklet containing information on the exact location of the 30 plots on its website on September 29. Interested parties can purchase the booklet from the portal and apply for the plots through the online platform at eauction.cidcoindia.com.
CIDCO has planned and developed 14 nodes in Navi Mumbai, such as Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, New Panvel, Ulwe, and Dronagiri. These nodes were originally allotted on a leasehold basis of 30 years. In July 2025, CIDCO announced that residential plots allotted on a leasehold basis will now be eligible for conversion to freehold. Eligible plot owners can apply for conversion by submitting the required documents and paying the prescribed conversion fees.
The conversion fee will be based on the ready reckoner rate of the particular land, and only a certain percentage of this rate will be charged for the conversion. This move is expected to boost the real estate market in Navi Mumbai, making it more attractive for investors and residents alike.
CIDCO's efforts to develop these nodes and the surrounding areas are part of a broader strategy to transform Navi Mumbai into a modern, well-planned city. The upcoming Navi Mumbai International Airport is a key component of this strategy, expected to boost economic growth and enhance connectivity in the region. The auction of these plots is a significant step towards realizing this vision and is likely to attract a lot of interest from developers and investors.
Frequently Asked Questions
When is the e-auction of the plots scheduled?
The e-auction of the 30 leasehold plots is scheduled to take place on October 16, 2025.
What is the purpose of the plots being auctioned?
The plots will be leased for various purposes, including residential, commercial, bungalow, and service industry uses, as well as storage and warehouse purposes.
How can one apply for the plots?
Interested parties can apply for the plots through the online platform at eauction.cidcoindia.com.
What is the significance of the Navi Mumbai International Airport?
The Navi Mumbai International Airport is a key component of the region's development strategy, expected to boost economic growth and enhance connectivity in the area.
What is the conversion fee for residential plots from leasehold to freehold?
The conversion fee for residential plots will be based on the ready reckoner rate of the particular land, and only a certain percentage of this rate will be charged for the conversion.
Related News Articles
Luxury Redefined: Ceratec Group Unveils Presidential Towers in Ravet, Pune
Discover the epitome of luxury living with Ceratec Group's latest project, Presidential Towers, offering 2 and 3 BHK homes in the heart of Ravet, Pune.
Rexas Finance (RXS) Price Forecast: Will It Be a Top Performer in 2025?
Rexas Finance (RXS) is making waves in the financial sector with its innovative approach to asset management. From real estate to art and goods, RXS offers a user-friendly interface for seamless asset trading and management. This article explores the pote
Government Hikes: Ordinary Citizens Bear the Brunt in Karnataka
With a series of tax and price hikes, the Karnataka government is placing a significant financial burden on ordinary citizens. From fuel and liquor to milk and water, the costs are rising, while the government contemplates more increases in property tax,
Port Sector Development: Key Focus in My Third Term, Vadhavan Port Underway
In a significant push towards infrastructure development, the port sector has emerged as a key focus area in my third term. The work on the Vadhavan port has already begun, marking a crucial milestone in this initiative.
Women Lead the Charge in India's Real Estate Market
Women investors are increasingly making their mark in both residential and commercial real estate in India, shattering traditional gender barriers and driving market growth.
Housing Loans Reach ₹33.53 Trillion in Q2FY25: NHB
The National Housing Bank (NHB) reports that housing loans outstanding have reached ₹33.53 trillion in the second quarter of FY25, signaling a promising outlook for the housing sector.