Civic Body Proposes Township Over 69 Acres in Airoli, Navi Mumbai

Navi Mumbai, May 12: Cidco is developing a massive 69-acre residential township in Airoli, with a developer selected based on the highest revenue share. This project, spanning two decades, aims to meet growing housing demand and boost infrastructure.

Project Details

Plot number 20 in Sector 10A will be given to a successful bidder who offers the highest revenue share percentage to Cidco. The construction and development span over 20 years. The state government has approved 'Theme based and Iconic City Development' to facilitate development of bulk parcels through construction and development operator agreement.

Tender Process

Cidco's request for proposal has been opened from May 11. Interested bidders will have a pre-bid meeting with Cidco officials on any issues on May 25. The marketing manager (commercial) has floated the tender with a revenue sharing model.

Connectivity Boost

The Airoli node is getting another link road joining Thane with MMRDA green-signalling it. The road, through a bridge over the creek, will join near a top IT company, further improving connectivity and fueling growth. The Airoli-Katai Naka high-speed corridor work is also in full swing. The node houses a number of IT companies on either side of the Thane-Belapur road.

Expert Views

Real estate sector player Nitin Dighe said, "This is the first such mass housing project on offer by Cidco in the node. The project will deliver more houses, hopefully at affordable prices, to meet market needs against the costly high-rises. The infrastructure will further get a boost." Local activist Surendra Gowda noted that the area is close to Mulund, with row houses and some buildings around the proposed site.