Navi Mumbai CIDCO Auctions 30 Prime Leasehold Plots Near Airport: A Leap Forward in Urban Development
The City and Industrial Development Corporation (CIDCO) has announced an e-auction of 30 leasehold plots strategically located near the upcoming Navi Mumbai International Airport (NMIA). This move marks a significant push in the city’s real estate and infrastructure development. The auction includes eight high-value bungalow plots in Kharghar, collectively pegged at over ₹40 crore, alongside plots earmarked for residential, commercial, and mixed-use purposes, as well as for storage and warehouse operations.
Officials highlighted that the plots are spread across key nodes including Kharghar, Airoli, Nerul, Dronagiri, New Panvel, Kopar Khairane, Sanpada, and Kamalboli. The diverse allocation aims to support urban expansion while attracting private investment to enhance Navi Mumbai’s real estate ecosystem. The plots are strategically positioned within 30 to 45 minutes of the new NMIA, which is expected to commence commercial operations by December 2025, following its recent inauguration.
The largest plot up for auction measures 41,994 square metres and is designated for both residential and commercial development, carrying a base reserve price of ₹3.51 lakh per square metre. The bungalow plots, ranging from 400 to 500 square metres each, are priced at ₹1.25 lakh per square metre, reflecting the high-value demand for premium housing near the airport. Four plots have been allocated for mixed residential and commercial use, four for strictly commercial purposes, and the remaining plots are dedicated to storage and warehousing.
Urban planners emphasised that this auction represents more than a real estate opportunity; it is a step towards creating a connected, sustainable urban environment around Navi Mumbai. “The proximity to the international airport ensures high strategic value for both commercial and residential development. The designations allow for integrated urban growth while supporting eco-friendly and smart infrastructure planning,” said an official from CIDCO. The online e-auction will take place on October 16, with results scheduled for October 17. Applications can be submitted via CIDCO’s dedicated e-auction portal.
Experts anticipate that the project will stimulate economic activity in the region, catalyse private sector participation, and contribute to creating a more equitable and well-planned cityscape. Real estate analysts noted that with NMIA becoming operational, the auctioned plots are likely to witness strong competitive bidding, particularly for high-value bungalow plots in Kharghar and mixed-use plots offering strategic commercial advantages. The development aligns with broader city planning objectives, including low-carbon urban growth and sustainable land utilisation, ensuring long-term benefits for residents and investors alike.
By linking premium real estate with critical infrastructure such as NMIA, CIDCO is positioning Navi Mumbai as a future-ready urban hub that balances economic growth with sustainable, equitable urban planning. This initiative is expected to transform Navi Mumbai into a leading metropolitan area, attracting both domestic and international investors.
