Cidco To Develop Nerul Along The Lines Of Santa Cruz
In order to replicate the commercial aura around the Mumbai airport, the City and Industrial Development Corporation (Cidco) is going to develop a 1.3-hectare plot in Nerul for a residential-cum-commercial purpose, just like Santa Cruz in Mumbai. The Cidco has invited applications for lease for this prime property which would also push the annual revenue of the agency by Rs 400 crore.
To decongest Mumbai roads and bring down the travel time between key areas of the city, the Maharashtra government is planning to start inland water transport that would connect areas across Mumbai Metropolitan Region. While Phase-I of the water transport project will get operational by December, a detailed project report is being prepared for Phase-II. Here is all you need to know about the project.
How Navi Mumbai Airport Will Change Realty For Better
The Navi Mumbai Airport Private Limited has announced that the international airport will be designed by the celebrated Zaha Hadid Architects. The architect firm will design the Terminal 1 and the ATC Tower of the airport. The London-based architect firm was selected after a 12-week design competition, which witnessed international architect firms participating.
The Cidco will build a total of 14,838 affordable homes spread across various localities in Navi Mumbai and sell them through an online lottery system. People from the EWS and LIG categories could apply under the scheme to grab an affordable home in a city known for its exorbitantly priced properties.