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Tag: Navi Mumbai

Home » Navi Mumbai » Page 7

Commercial Realty
By Anuradha RamamirthamJanuary 18, 2023

Google rents data centre space in Navi Mumbai MIDC

Amanthin Info Parks Private Limited and Maharashtra Industrial Development Corporation (MIDC) Navi Mumbai have leased 3.81 lakh sqft of data centre space for 28 years to Raiden Infotech India Private Limited, a Google company, … READ FULL STORY

Current News
By Housing News DeskJanuary 13, 2023

No service charges on 7 Navi Mumbai nodes: CIDCO

CIDCO on January 11, 2023, said it will not levy service charges from nodes that are under Panvel Municipal Corporation’s (PMC) jurisdiction from November 1, 2022. CIDCO generated the final bill for recovery of … READ FULL STORY

Current News
By Anuradha RamamirthamJanuary 12, 2023

CIDCO to initiate re-tender process only after CRZ map is prepared: NGT

CIDCO calls off tender process of Seawoods tender plot 2A Owing to  receiving bidding offer ‘far below’ the prevailing market rate for the under litigation Seawoods tender plot 2A, CIDCO has called off the … READ FULL STORY

Property Trends
By Anuradha RamamirthamJanuary 2, 2023

Trial run for Navi Mumbai Metro’s Central Park-Belapur stretch completed

The Navi Mumbai metro rail Line-1 carried trial operations from Central Park (station 7) to Belapur (station 1) on December 30, 2022. With the trial of the 5.96-km stretch, the Rs 3,400 crore Navi … READ FULL STORY

Property Trends
By Housing News DeskDecember 23, 2022

Work on Alibaug Virar multimodal corridor to start in 2023

The Maharashtra government is reviving the long-delayed 127-km Alibaug-Virar multi-modal corridor project that will pass through Raigad, Thane and Palghar. According to a report in Indian Express, Maharashtra State Road Development Corporation (MSRDC) is in … READ FULL STORY

Current News
By Anuradha RamamirthamDecember 19, 2022

CIDCO completes Navi Mumbai Metro trial run

CIDCO successfully completed the trial run of the Navi Mumbai Metro from Central Park (station 7) to Utsav Chowk (Station 4) on December 9, 2022. Sanjay Mukherjee, vice-chairman and managing director, CIDCO, tweeted, “With … READ FULL STORY

Current News
By Anuradha RamamirthamNovember 18, 2022

Blackstone-backed Nexus Select Trust files for India’s 1st retail IPO

Blackstone Group-owned Nexus Malls on November 17, 2022, filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch India’s first public issue of retail REIT to … READ FULL STORY

Property Trends
By Housing News DeskNovember 14, 2022

State govt sets up panel to streamline Navi Mumbai real estate

In a move to streamline real estate processes in Navi Mumbai, the Maharashtra government has formed an expert four-member committee. With members from real estate bodies such as CIDCO and CREDAI-MCHI-BANM, the committee will take … READ FULL STORY

Current News
By Harini BalasubramanianOctober 28, 2022

Panvel-Karjat suburban corridor to be completed by March 2025

The development of the Panvel-Karjat suburban corridor is in full progress and is likely to be completed by March 2025. As per officials from the Mumbai Rail Vikas Corporation (MRVC), the construction of a … READ FULL STORY

By Anuradha RamamirthamDecember 5, 2022

CIDCO plans development of township on Kharghar Hill Plateau

CIDCO has asked permission from the state government for development of the 106-hectare residential cum commercial township on the Kharghar Hill Plateau, Navi Mumbai, mentions a HT report. To be built at an approximate … READ FULL STORY

Legal
By Anuradha RamamirthamApril 14, 2023

CIDCO has right to auction plots in its possession; NMMC has no power to restrict: Bombay High Court

Bombay High Court (HC) has held that the City and Industrial Development Corporation (CIDCO) has the right to auction the land under its possession, mentioned a FPJ report.  According to the Bombay High Court, … READ FULL STORY

Property Trends
By Anuradha RamamirthamAugust 29, 2022

CIDCO casts 500 slabs in record 489 days

After the success of ‘Mission 96’, City and Industrial Development Corporation, has set another record by casting 500 slabs in a record 489 days in its Mass Housing Scheme project that falls under the … READ FULL STORY

Property Trends
By Anuradha RamamirthamDecember 18, 2022

AAI increases height limits to 48 floors in projects near Navi Mumbai Airport

Offering a major relief to both home buyers and developers, the Airport Authority of India (AAI) lifted the blanket restriction of 55.10 metres on realty projects within 20km radius from the new Navi Mumbai … READ FULL STORY

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