Navi Mumbai’s development authority, City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), has sold eight land parcels in the city via an auction amounting to Rs. 256 crore, according to sources. Out of the total eight land parcels, seven are residential-cum-commercial usage plots at Nerul and a commercial plot in CBD Belapur. Highest bids […]
CIDCO Archive
November 24, 2014 1:57 am
Star hotel and Inorbit mall in Vashi is illegal, rules HC
On Friday, The Bombay high court stated that CIDCo (City and Industrial Development Corporation) was irregularly allotted the 31,000sq m of land in Vashi. Star hotel and Inorbit mall. The bench of Justices A. S. Gadkari and Abhay Oak said that the developer could apply for CIDCo for regularization in this period. Earlier, CIDCo had […]
November 19, 2014 1:12 am
Maharashtra government’s take on FSI for redevelopment
As the speed of rebuilding of ceased structures by MBRRB was not adequate enough to cover the entire ceased structures in the Island City of Mumbai, Government decided upon involving tenants, landlords and private developers for increasing the speed of redevelopment. As per Development Control Rules FSI or Floor Space Index is the area of […]
November 8, 2014 12:30 am
Project affected persons to be relocated on 5 hectare plot in Panvel
After the original rehabilitation component of the Navi Mumbai Airport project hit a roadblock, it has now been decided to handover 5 hectare of land in Panvel for rehabilitating the project affected people. The decision was taken after a major portion of the 57 hectares of land, meant to relocate project affected people (PAP), had […]
October 6, 2014 12:01 am
Is it better to make an investment in redeveloped residential or commercial projects?
Now builders are targeting the existing structures in Mumbai, which are either in bad condition or dilapidated because centers of Mumbai is running out as there is no more space for residential development. But still it’s a big question, is it better idea to invest in these properties for redevelopment as down payment is very […]