City and Industrial Development Corporation (CIDCO) plans to develop a commercial hub, International Corporate Park (ICP) within the Kharghar node of Navi Mumbai. The ICP is proposed to be developed on an area measuring 140 hectares.

The plan is to develop a business hub similar to the Bandra-Kurla Complex (BKC) for which CIDCO has carved out a total of 155 hectares of land within Kharghar.

A tender bid of nearly Rs 11.3 crore has been floated to construct a compound wall through the entire area where the corporate park is proposed to come up. The compound wall will come across Sectors-29, 28, 31, 32, and 33, which is expected to be completed within two years.

In the second phase of the development work, CIDCO will work on the strategy and infrastructural design of the park. The administration intends to construct several complexes catering to different commercial sectors. It will include an array of corporate sectors, infrastructure providing hospitality and media entertainment, and front offices for IT companies.

The business park is also expected to involve premium housing facilities, educational institutes and even top-level hospitals. The proposed project will be just 14 km away from the upcoming Navi Mumbai International Airport (NMAI) and is likely to be an economic hub.