Archive · 25 Sep 2025
CIDCO Auctions Plots, Allots Land in Navi Mumbai
CIDCO, a government agency, sold plots of land in Navi Mumbai and made a lot of money.
They also gave land to people from Uran Taluka who had given up their land for development.
The auction of plots, especially in Kharghar, brought in high prices, with one plot selling for a record amount.
This shows that many builders and homebuyers want to buy property in Navi Mumbai.
The agency is trying to clear up some land allotments which have been waiting since 2011.
This aims to help those affected by development, with infrastructure work set to begin soon.
CIDCO earned ₹890 crore from a recent plot auction in Navi Mumbai.
A plot in Kharghar fetched a record ₹7.35 lakh per sq meter.
98 plots were allotted to project-affected persons from Uran Taluka.
Allotments to landowners were made under the 12.5% scheme.
The land allotments resolve issues pending since 2011.
- Who
- CIDCO, landowners from Uran Taluka
- What
- Auctioned plots and allotted land
- When
- Recent auction and land allotment on September 25
- Where
- Navi Mumbai, including Kharghar and Uran Taluka
- Why
- To generate revenue and resolve pending land allotments.
- Organization
- City and Industrial Development Corporation (CIDCO)
- Plot Auction Earnings
- ₹890 crore
- Highest Bid Price
- ₹7.35 lakh per sq meter (Sector 6, Kharghar)
- Plots Allotted
- 98 developed plots to Uran Taluka landowners
- Land Area Allotted
- 79,210 sq meters
- Landowner Scheme
- 12.5% scheme
- Land Allotment Date
- September 25
