Sprawling for about 28.5 acres, Sidco has recently completed the basic amenities in the industrial space. A layout finalised by Sidco has earmarked 26 industrial plots for sale in the first phase of which 4 plots were sold.
On the occasion of Diwali, the City and Industrial Development Corporation (CIDCO) has come up with 20 residential cum commercial plots in South Navi Mumbai.
Cidco has earned about Rs 1,200 crore from auctioning plots in over two months
MUMBAI: At a time, when the real estate market is in the throes of the pandemic, Cidco will offer what might be a bonanza for those in search of bungalow plots, row houses and for large developers over the next one year. The planning agency plans to auction 1,000 plots over the next 12 months.
Cidco has earned about Rs 1,200 crore from auctioning plots in over two months. In February it managed to get a record Rs 2.63 lakh per square meter bid for a plot in Sanpada. Auctioning of plots will help Cidco generate sizable funds and support its ambitious projects. Cidco is aiming to garner over Rs 500 crore a month from these auctions.