CIDCO Launches E Auction For 30 Prime Plots Near NMIA

Navi Mumbai’s urban landscape is set for a significant transformation as the City and Industrial Development Corporation (CIDCO) prepares to conduct an e-auction for 30 strategically located plots near the upcoming Navi Mumbai International Airport (NMIA). The auction, scheduled for 16 October, promises to attract developers, investors, and commercial stakeholders, with results expected the following day.

The parcels, located in proximity to the airport, are earmarked for diverse purposes, including residential, commercial, bungalow, service industry, and storage or warehousing developments. CIDCO has ensured transparency and accessibility by making all plot details available online. A comprehensive booklet outlining exact locations will be released on 29 September through the authority’s official portal. This initiative aligns with the broader urban development agenda of Navi Mumbai, which has witnessed phased infrastructural growth across its 14 nodes, including Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, Ulwe, New Panvel, and Dronagiri. CIDCO’s leasehold model, traditionally spanning 30-year terms, has recently been enhanced, allowing for the conversion of residential plots to freehold upon payment of a conversion fee linked to ready reckoner rates. This flexibility is expected to incentivise investment and encourage sustainable urban development.

Officials highlighted that the timing of this e-auction coincides with the imminent operationalisation of NMIA, which is set to become a key regional air hub. The airport’s launch, coupled with a partial stretch of Mumbai’s Metro-3 corridor, is poised to improve connectivity across the metropolitan region, increasing the attractiveness of these plots for both residential and commercial developments. Experts from urban planning and real estate sectors note that the integration of airport-adjacent land with robust transport infrastructure can catalyse economic activity while encouraging sustainable urban densification. CIDCO’s e-auction mechanism is also designed to ensure efficiency, minimising procedural delays and enabling transparent bidding.

As Navi Mumbai continues its transition into a globally connected urban hub, this move by CIDCO is a strategic step toward enhancing equitable urban growth. The plots, positioned near essential transport corridors and upcoming infrastructural nodes, are likely to redefine investment patterns in the region while supporting an eco-conscious development framework that aligns with India’s larger vision for sustainable cities. With heightened investor interest anticipated, the upcoming e-auction is not merely a land sale but a milestone in shaping the future urban fabric of Navi Mumbai, balancing commercial ambition with sustainable city planning.

CIDCO Launches E Auction For 30 Prime Plots Near NMIA