The two lines together span 17.09 km and will have 12 elevated stations — one on Line 1A and eleven on Line 2. Implementation will be carried out through Mumbai Metro Rail Corporation Limited (MMRCL), working from the Detailed Project Report (DPR) prepared by CIDCO. The existing Navi Mumbai Metro Line 1 (Belapur to Pendhar, 11 km), which has been operational since November 2023, will be integrated with the two new lines to create a seamless extended network.

Project Cost and Funding Structure

The ₹5,575 crore project completion cost includes base civil and systems cost of ₹3,809 crore, land acquisition of ₹408 crore, state taxes of ₹297.97 crore, central taxes of ₹337.07 crore, station property development of ₹24 crore, price escalation of ₹669 crore, and interest during construction of ₹438 crore.

The funding structure is split across multiple sources. The central and state governments will each contribute ₹713 crore as equity — 13.82% each. Both will also provide ₹318 crore each as interest-free subordinate debt to cover 50% of central taxes each, adding another 6.16% each. The largest share — ₹2,721 crore, or 52.74% — will come from bilateral and multilateral financial institutions as external debt. The Navi Mumbai International Airport Ltd (NMIAL) will contribute ₹376 crore for the 1.3 km stretch falling within airport boundaries. CIDCO will separately provide ₹416 crore for land acquisition, rehabilitation and resettlement, and multi-modal integration studies — an amount outside the sanctioned project cost. MMRCL has been authorised to raise the bilateral and multilateral loan and to engage with the central government for its share of equity and subordinate debt.

What This Means for Residents and Commuters

The project directly addresses a gap that has long constrained Navi Mumbai’s growth — the absence of reliable, high-frequency metro rail access to the upcoming Navi Mumbai International Airport (NMIA), which is set to become one of India’s busiest aviation hubs.

Metro Line 2, running 14.07 km from Pendhar to NMIA Terminal-4 with 11 elevated stations, will for the first time give lakhs of Navi Mumbai residents a direct rail link to the airport. Commuters from Kharghar, Taloja, Kalamboli, Kamothe, Pendhar, Roadpali, and Padgha — areas currently underserved by rapid transit — will be able to reach the airport without depending on road transport, which is routinely congested on the Sion-Panvel Highway and surrounding roads.

Metro Line 1A, the shorter 3.02 km link from Belapur to Sagar Sangam, serves as an important bridging connector. It will provide interchange with the proposed Gold Line (Metro Line 8) that plans to connect Mumbai’s Chhatrapati Shivaji Maharaj International Airport with NMIA, making Sagar Sangam a critical multi-modal node. Residents of CBD Belapur, Seawoods, and surrounding areas will gain direct rail access westward to this interchange.

The government order notes that the project’s catchment area covers approximately 196.7 square kilometres, spanning Navi Mumbai Municipal Corporation, Panvel Municipal Corporation, Uran Nagar Panchayat, and the Navi Mumbai New Town area. According to the government’s own projections, the population in this region is approximately 19.30 lakh today and is expected to grow to around 52.10 lakh by 2061 — making investment in this metro infrastructure both timely and essential.

Areas that will see the most direct benefit include Seawoods, CBD Belapur, Kharghar, Navde station (suburban rail interchange on the Panvel-Diva line), Pendhar, Taloja, Padgha, Roadpali, Kalamboli, and Kamothe. The project also incorporates an interchange point at Khandeshwar station on the CSMT-Panvel line, and connections with the proposed Metro Line M24 serving the International Corporate Park and the NAINA (Navi Mumbai Airport Influence Notified Area) region.

The project is expected to be completed over four years, from 2027-28 to 2030-31. The Economic Internal Rate of Return (EIRR) has been assessed at 17.82%, and the financial IRR including property development stands at 14.39% — figures that indicate the project is commercially and economically viable.

Revenue and Sustainability

The government has approved a dedicated urban transport fund mechanism to sustain the project financially. Revenue will be generated through premium FSI (Floor Space Index) charges on properties within 500 metres of the metro corridor, development charges of up to 100% over existing rates in the metro influence zone, a 1% stamp duty surcharge on property transactions, commercial development at depots and station land parcels, advertising income from station branding, co-branding and naming rights, kiosk income, ATM centres, and parking fees. Non-fare revenue is estimated at approximately 10% of total ticket revenue during operations.

Fares for the new lines will be based on the existing Navi Mumbai Metro Line 1 structure — currently ranging from ₹10 to ₹40 depending on distance — with a 5% annual revision factor applied. The Fare Fixation Committee will retain authority over future fare revisions as per the Metro Railway Act.

For the millions of residents of Navi Mumbai’s rapidly expanding southern and eastern nodes, this project is transformative — turning the airport from a distant destination accessible only by road into a station on their daily metro network.

Also Read: Mumbai Unveils Its First Double-Decker Flyover Featuring an Integrated Metro Line

The post Maharashtra Approves ₹5,575 Crore Navi Mumbai Metro Lines 1A & 2 to Connect NMIA appeared first on Square Feat India.

This auction comes just weeks after Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport, a major infrastructure milestone expected to catalyse real estate demand across the region.

The plots on offer cover residential, commercial, residential-cum-commercial, bungalow, service industry, and warehouse uses. Given their proximity to the airport and planned transport corridors like the Atal Setu, the plots are likely to attract intense developer and investor interest.

 Auction Timeline

Bidders can participate in both the Close Bid (e-Tender) and e-Auction, with the highest bid between the two considered for final allotment.

 Plot Details and Reserve Prices

 Plot no. 23 (Kharghar 38, Sec 7) lies within the Transit Oriented Development (TOD) zone and follows TOD Regulation 14.2 under UDCPR.

Strategic Timing After Airport Inauguration

The e-auction is strategically timed just after the formal inauguration of Navi Mumbai International Airport, which is expected to significantly boost the real estate market in surrounding nodes such as Kharghar, Dronagiri, Ulwe, Panvel, and Kalamboli. These areas are already witnessing heightened developer activity and infrastructure investment.

With connectivity enhanced via Atal Setu, metro corridors, and upcoming transport links, these plots offer high potential for both end-users and investors.

Participation & Bidding

Interested bidders must register on CIDCO’s e-auction platform, pay document and EMD fees, and submit close bids before participating in the live e-auction.

The final allotment will go to the highest bid between the close bid and e-auction price. Payments are structured in two instalments after successful bidding, with possession granted upon full payment.

Also Read: CIDCO to launch schemes for the sale of plots, tenements and commercial shops on Gudi Padwa

The post 📰 CIDCO Puts 30 Plots Up for E-Auction Near Newly Inaugurated Navi Mumbai Airport appeared first on Square Feat India.

The scheme includes 38 units designated for the economically weaker section and 175 units for the general category, located in the developed nodes of Kalamboli, Kharghar, and Ghansoli. Additionally, 689 units will be available from CIDCO’s ‘Swapnapurti’ and ‘Vastuvihar-Celebration’ projects at Kharghar.

CIDCO’s housing schemes aim to cater to various income groups, providing residents with the chance to own property in Navi Mumbai, known for its advanced infrastructure. The new complexes will benefit from connectivity via rail, road, and metro, and will be situated near key projects such as the Navi Mumbai International Airport. This scheme is expected to enhance the lifestyle options for residents in the region.

Also Read: CIDCO grants extension till Jan 6, for lottery

The post CIDCO to Launch Housing Scheme for 902 Flats on Krishna Janmashtami appeared first on Square Feat India.

By Varun Singh

The City and Industrial Development Corporation (CIDCO) has come up with plans for auctioning 12 prime plots in Navi Mumbai.

These plots that shall be available on lease are located in three different nodes of Navi Mumbai.

CIDCO will put out all the details regarding the auction on its website on Tuesday (June 15, 2021). This includes a scheme booklet with bidding schedule and others.

The plots that CIDCO has put on auction are located in Kharghar, Kalamboli and New Panvel.

These plots that are available on lease are for residential cum commercial use.

Details of plots

Of the 12 plots four are in Kharghar, five in Kalamboli two are in New Panvel (E) and one in New Panvel (W).

The base FSI of the plots is 1.5.

The bidder registration will start from June 15, 2021, at 11 am to 5 pm on July 7, 2021.

The e-auction will start from July 8, 2021, at 11 am and will continue till 5 pm the same day.

The auctions for the lease of these plots are of importance for the Navi Mumbai real estate industry.

The more the plots, the more real estate construction shall take place thus meeting the growing demand and stabalizing the home prices.

The plots mostly fetches CIDCO way above the reserve prices, as shortage of lands leads to builders trying to outdo each other while bidding.

Also Read: CIDCO To Build 2000 Bed COVID Centre In Mumbai

The post 12 CIDCO Plots In Navi Mumbai Up For Grabs appeared first on Square Feat India.