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CIDCO to auction plots for residential development in Navi Mumbai

Friday, 12 Feb 2021
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The City and Industrial Development Corporation (CIDCO) is auctioning a total of 106 plots in Kharghar, New Panvel, Nerul, Ghansoli and Airoli locality in Navi Mumbai, Maharashtra. 
 
These plots ranging from 39 sq mtr to 436 sq mtr will be offered on a long-term lease of 60 years. 
 
Any entity including citizens, builders, developers looking to develop bungalows, row houses and residential buildings can place their bid for these plots through e-auction. 
 
Under this scheme, 28 plots are in New Panvel, 15 plots in Kharghar, 12 plots in Nerul, 38 plots in Ghansoli and 13 plots from Airoli locality, making it a total 106 residential plots, the highest- ever to be leased till now. 
 
Applications for this scheme are invited through e-tender and e-auction. The e-tender process will start from 13 February 2021 until 1 March 2021, while the e-auction process will be held on 3 March 2021.
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