Cidco invites bids for 1.3 ha plot at Nerul for residential-cum-commercial development

The City and Industrial Development Corporation (Cidco) is offering a 1.3-hectare plot in the developed Nerul node of Navi Mumbai, for residential-cum-commercial development and has invited applications for lease of the same.

The plot is in the prime area in sector 19A, measures approximately 13,619.47sqm (1.3 ha) and is priced at a base rate of ₹95,461 per square-metre. It is located opposite Apollo Hospital at Nerul, and is placed on the cross junction of Aamra Marg, at the entrance to Nerul. This plot is accessable via the Sion-Panvel highway and the Palm Beach Road.

“This area is strategically-located in a well-developed node of Navi Mumbai. It is best suited for residential as well as commercial use,” said Mohan Ninawe, senior public relations officer, Cidco.

“Nerul is one of the prime developed nodes of Navi Mumbai. With the major physical infrastructure intact, Nerul is soon becoming an iconic node like Vashi and Belapur. It includes an international sports ground and is a well-known education hub,” he said.

The scheme booklet sale started on May 31 and will stay open till June 15. The last date for submissions is June 20.

“Considering the prime location of the plot, it is expected to be the highest bid breaking all past records,” Ninawe said.

The booklet for the scheme is available at Nirmal, Nariman Point, (Mumbai) and at Marketing Manager, 3rd Floor, Raigad Bhavan (CBD Belapur).