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.

Airport + Atal Setu = New Growth Frontier

Vimal Nadar, National Director & Head of Research, Colliers India, says:

“The opening of the Navi Mumbai International Airport signifies more than just a milestone in air travel. It marks a pivotal transformation in the region’s real estate landscape, particularly within the residential and commercial sectors. The announcement of this upcoming airport had already triggered a substantial rise in property values across key areas in the vicinity including Uran-Ulwe, Kharghar, Dronagiri, Taloja, and Panvel. This greenfield airport will further accelerate the growth, driving sustained demand and significant price appreciation, presenting lucrative long-term investment opportunities.”

According to Nadar, Navi Mumbai’s positioning as a sub-dollar office market — with lower rentals compared to central Mumbai — combined with enhanced global access, is expected to spur commercial leasing activity. He adds that the proposed Aerocity, which will integrate commercial, residential and recreational spaces, will help create “a new urban ecosystem that blends work and lifestyle.”

The Atal Setu sea bridge, which has dramatically cut travel time between Navi Mumbai and South Mumbai, is another game-changer that places Panvel firmly on the real estate radar of buyers, developers, and investors.

Panvel Outpaces Navi Mumbai in Property Appreciation

The Panvel region has recorded extraordinary price growth, outpacing the rest of Navi Mumbai in both apartments and plotted developments:

Asset Type	Panvel Region (FY21 → FY25)	Rest of Navi Mumbai (FY21 → FY25)
Apartments	₹10,000–12,000 per sq.ft 74% growth	₹19,000–21,000 per sq.ft 45% growth
Residential Plots	₹80,000–85,000 per sq.yd 93% growth	₹1,10,000–1,30,000 per sq.yd 58% growth

Deepak Khandelwal, Principal Partner & Chief Sales Officer at Square Yards, observes:

“The Navi Mumbai International Airport stands as a cornerstone of the region’s broader infrastructure push, supported by major upgrades in road, rail, metro, and waterway connectivity. Its imminent operationalisation has already begun to reshape the real estate landscape, particularly across the Panvel region. Localities such as New Panvel, Old Panvel, Kharghar, Ulwe, and Taloja are witnessing a surge in development, with a growing supply of premium residential projects, gated communities, and large integrated townships.”

He adds,

“The market response has been strong, with apartment prices in the Panvel region rising by nearly 74% between FY 2021 and FY 2025, compared to 45% growth across the rest of Navi Mumbai. With the first phase to be inaugurated today and full-scale operations expected soon, the airport is set to drive the next wave of value creation, reinforcing Panvel’s position as one of the most promising growth hubs not only within the Mumbai Metropolitan Region and beyond.”

What This Means for Homebuyers and Investors

For homebuyers, Panvel has transformed from a “future promise” market to a now-or-never opportunity. The combination of airport-led infrastructure, lower ticket sizes, and premium township launches offers buyers both lifestyle and appreciation potential.

For investors, Panvel offers two distinct advantages:

1. Capital appreciation: Strong price momentum already visible pre-airport inauguration.
2. Rental yield & commercial play: With Aerocity and new office corridors on the cards, Panvel could evolve into a new residential-cum-business hub — similar to Gurugram post-IGI airport expansion.

Developers, meanwhile, are fast-tracking launches to tap into this demand surge, especially in New Panvel, Kharghar, Taloja, and Ulwe — areas well connected to the upcoming airport and metro lines.

The Takeaway

The Navi Mumbai International Airport is not just another infrastructure project — it is redefining the real estate geography of MMR. As phase one goes live, Panvel stands at the cusp of its biggest transformation yet, with growth driven by connectivity, infrastructure, and investor confidence.

For those who saw Panvel as “too far” a few years ago, the airport’s inauguration may well be the inflection point.

Also Read: Airport Micro-Markets See Steepest Property Price Surge

The post ✈️ Navi Mumbai Airport to Take Off — Panvel Property Prices Already Soaring 74% appeared first on Square Feat India.

The tender, issued by the bank’s Premises & Estate Department, Local Head Office – Mumbai Metro, specifies the requirement for flats located across four key suburban railway corridors, with 50 flats needed in each corridor.

Location-Wise Requirement

Key Tender Details

• Number of flats required: 200 (2BHK units)
• Carpet area: Approx. 600 sq ft as per RERA norms, with ±10% variation allowed
• Eligible participants: Reputed builders/developers, POA holders, or authorized representatives
• Tender issue period: October 7, 2025 – November 6, 2025
• Last date for online submission: November 6, 2025, 3:00 PM
• Mode: Online through SBI e-tender portal
• Note: Offers beyond the listed corridors will not be considered. No brokers are allowed.

Why This Matters

SBI’s move to buy residential units in bulk is significant for Mumbai’s suburban housing market, especially in mid-income corridors such as Thane–Kalyan and Kharghar–Panvel. Bulk purchases by large institutions can provide liquidity and absorption support to developers, particularly in a period when launch volumes are steady but sales velocity is moderating.

For developers, the tender represents an opportunity to offload inventory in bulk and secure assured payments from a credible buyer. For the market, such institutional purchases can help set benchmark pricing in the mid-segment category.

What It Means for Homebuyers

While the tender is not for individual retail buyers, such bulk acquisitions indicate:

• Institutional confidence in mid-income housing segments.
• Possible tightening of supply in certain suburban pockets, which could firm up prices.
• Increased developer focus on 2BHK mid-sized units (around 600 sq ft) to meet both institutional and retail demand.
• Potential for better infrastructure and community development if large anchor buyers like SBI enter projects.

Next Steps

Interested parties can download the tender document from SBI’s website and submit their offers online. The bank reserves the right to alter the number of flats based on its requirements.

Also Read: SBICAP Ventures backed SWAMIH Investment Fund-I Raises over INR 15,000 Crores at its final close

The post SBI Wants 200 2BHKs in Mumbai appeared first on Square Feat India.

Godrej Properties Limited (GPL) has secured three contiguous land parcels in Kharghar, Navi Mumbai, on a 60-year lease from the City and Industrial Development Corporation (CIDCO) for ₹716.58 crore. According to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website, the total land area spans 26,478 square meters (~2.64 hectares/~6.54 acres). All transactions were registered in March 2025.

Navi Mumbai’s Booming Real Estate Market

Navi Mumbai is witnessing a surge in real estate activity, driven by extensive infrastructure developments such as:

• Atal Setu (Mumbai Trans Harbour Link) becoming operational
• The upcoming Navi Mumbai International Airport (NMIA)

These projects have significantly boosted demand for residential and commercial properties in Navi Mumbai, particularly in Kharghar, Vashi, Belapur CBD, and Panvel.

Anand Moorthy, Co-founder and CBO, Capital Market & Services at Square Yards, emphasized this growth, stating:

“Our data shows a 35% YoY increase in registered residential transactions in Q4 (October-December) 2024. Developers are aggressively expanding their presence, launching large-scale projects. The combination of improved connectivity and upcoming commercial developments is set to create a dynamic environment for real estate growth across various asset classes.”

Kharghar: A Thriving Real Estate Hub

Kharghar, a well-planned residential and commercial locality in Navi Mumbai, is developed by CIDCO and offers excellent connectivity via:

• Mumbai-Pune Expressway
• Sion-Panvel Highway
• Upcoming Navi Mumbai Metro

The area also boasts strong social infrastructure, featuring renowned schools, hospitals, retail centers, and entertainment zones.

Further strengthening Kharghar’s potential, CIDCO has proposed the International Corporate Park (ICP), an ambitious business district set to include modern office spaces and world-class amenities, boosting economic activity and employment opportunities.

Inside the Godrej Properties-CIDCO Land Deal

According to IGR property registration documents reviewed by Square Yards, Godrej Properties Limited leased three contiguous land parcels spanning a total of 26,478 square meters (~2.64 hectares/~6.54 acres).

• Total lease value: ₹716.58 crore
• Total stamp duty paid: ₹35.82 crore
• Registration fee: ₹30,000 per transaction
• Lease tenure: 60 years
• Zoning: Mixed-use (residential and commercial)

This strategic acquisition is expected to pave the way for new residential and commercial developments, further reinforcing Godrej Properties’ presence in Mumbai’s growing real estate sector.

Kharghar’s Real Estate Market Performance

As per Square Yards Data Intelligence, Kharghar recorded 4,112 residential sale transactions between January 2024 and December 2024, with a total transaction value of ₹3,771 crore.

• Average property price: ₹17,600 per sq. ft. (as of December 2024)

This data highlights strong buyer demand and rising property values, making Kharghar a prime location for large-scale real estate investments.

About Godrej Properties Limited and CIDCO

Godrej Properties Limited (GPL)

Godrej Properties is a leading real estate developer in India and a subsidiary of the Godrej Group, a 125-year-old conglomerate. Operating in 12 cities, Godrej Properties became a publicly listed company in 2010, raising USD 100 million through its IPO. The company is known for its sustainable and innovative real estate projects across India.

City and Industrial Development Corporation of Maharashtra (CIDCO)

Established in 1970, CIDCO is a city planning and urban development authority under the Government of Maharashtra. It plays a vital role in infrastructure planning, city development, and affordable housing projects in Navi Mumbai and other regions.

Conclusion: A Strategic Move in Navi Mumbai’s Growth Story

Godrej Properties’ ₹717 crore land acquisition in Kharghar is a strategic move, capitalizing on Navi Mumbai’s rapid urbanization and rising real estate demand. With infrastructure upgrades, a booming commercial sector, and increasing residential demand, this investment is set to contribute to Kharghar’s transformation into a premium real estate destination in the coming years.

Also Read: CIDCO Lottery receives so far 10K applications

The post Godrej Properties Limited Acquires Land from CIDCO on a 60-Year Lease in Navi Mumbai for ₹717 Crore 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.

“Various measures are being taken by CIDCO to ensure smooth water supply in nodes under CIDCO jurisdiction. An additional 30 MLD water has been immediately made available from the Hatavane Dam, as CIDCO completed work of the pressure conduit in the record time of 15 days. This has definitely brought relief to the citizens as the water supply in the nodes under CIDCO’s jurisdiction has been improved. Apart from this, discussions are going on with Navi Mumbai Municipal Corporation, MIDC and Maharashtra Jeevan Pradhikaran to resolve the water issue.” Dr. Sanjay Mukherjee, Vice Chairman and Managing Director, CIDCO.

Water is supplied by CIDCO to Kharghar, Ulwe, Taloja, Dronagiri, JNPT Port, Dighode MIDC area from Hetwane Water Supply Scheme. Due to the development of various projects & mega housing schemes being undertaken by CIDCO in South Navi Mumbai citizens are now giving priority to these nodes for living. The demand for water is also increasing day by day due to the growing population in this node.

Water is being supplied in these nodes under CIDCO administered area through Hetavane Dam, NMMC’s Morbe Dam, MJP’s Palatganga source, Nhava- Shevha Scheme, and MIDC’s Barvi dam. The water demand for CIDCO jurisdiction area was 289 MLD but, CIDCO was getting only 259 MLD at the supply point with a shortfall of 30 MLD. Various short and long-term plans are being implemented by CIDCO to meet the growing water demand.

The Hetavane Water Supply Scheme which is the most important source of water supply, provides 150 MLD of water to CIDCO. CIDCO has obtained an additional quota of 120 MLD from Heatvane Dam which is sanctioned by the GoM Water Resource Department. In order to use the additional 120 MLD water storage, it is necessary to augment the existing Hetavane Scheme to 270 MLD which will require a time duration of 5 years.

However, to address the current water shortage, M/ s. Tata Consulting Engineers Ltd.  (TCE) has been appointed by CIDCO as an expert consultant to explore the possibility of utilizing the available water resource and the recently completed underground micro tunneling as well as existing water supply infrastructure. TCE has been entrusted with the task of preparing a water augmentation plan for the maximum drawl of water from the Hetavane scheme. 

In order to expedite the extraction of an additional 30 MLD of water, TCE recommended a long-closed pressure conduit instead of the existing open channel outlet. Accordingly, CIDCO has decided to connect the Hetavane Irrigation Canal Power Outlet (ICPO) to CIDCO’s water supply system through a pressure conduit. The design was prepared by CIDCO and received approval from Central Design Organisation (CDO), Nashik, and Water Resource Department (WRD), GoM. CIDCO has completed the work of the pressure conduit in a record time of 15 days and the pressure conduit is now operational since 6th June 2022. So it is now possible to draw additional 30 MLD water from Hetavane Water Supply Scheme.

The additional 30 MLD water reserves will help in streamlining the water supply in Kharghar, Taloja, Dronagiri, JNPT Port, and Dighode MIDC.

Also Read: CIDCO Mega Housing of 1.12 Lac tenements get Rs 5K Crore Push

The post Additional availability of 30 MLD water from CIDCO’s Hetavane dam streamlines water supply in Kharghar, Taloja, Dronagiri, and Ulwe appeared first on Square Feat India.

By Varun Singh

D Mart, a name hardly anyone wouldn’t be aware about, from middle class to the rich everyone shops here.

However, the company that owns D Mart, that is Avenue Supermarts Limited is on a shopping spree.

D Mart’s Avenue Supermarts Limited won two huge plots in an e-auction held by CIDCO.

The two plots that D Mart’s main firm won are located in Kharghar’s sector 36.

The plots that Avenue Supermarts Limited won are numbered 28 and 29.

Plot number 28 measures 1962.13 square meters, for this plot the per square meter rate that was bid by D Mart’s Avenue Supermarts Limited was ₹67,500.

Thus taking the entire bid for plot 28 at ₹13.24 crore. The bidder who came second for this plot had bid ₹63,000 per square meter.

The second plot won by Avenue Supermarts Limited is plot 29, this plot measures, 2963.64 square meters.

For this D Mart’s Avenue Supermarts Limited had bid ₹91,602 per square meter thus taking the entire plot cost to ₹27.15 crore. There was only one bidder for this plot.

Both the plots are meant for residential plus commercial use and have an FSI of 1.5.

In tota 20 plots were put on auction by CIDCO of which 13 were in Kharghar, one in Panvel and the remaining in Pushpak Nagar.

A detailed email sent to Radhakishan Damani seeking his comment on the same didn’t yield us any response.

We specifically asked him about the residential part as the plots are meant for residential plus commercial use.

Earlier this year on March 31, Radhakishan Damani of D Mart along with Gopikishan Damani, bought a property located in Malabar Hill’s Narayan Dabholkar Marg.

The property measures a whooping 5752.22 square meteres, which translates into 61,916 square feet.

Both the new owners paid Rs 1001 crore for the property named Madhukunj.

The market price as per the ready reckoner rate of the property is Rs 723.98 crore.

This is the highest price ever paid for a property in Mumbai and probably in the country.

D Mart is a super market chain with its presence in several parts of the country.

Also Read: DMart Buys Property Worth Rs 113 Crore In Chembur

The post D Mart’s Avenue Supermarts wins 2 Residential Plus Commercial Plots in Kharghar for ₹40 Cr 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.

By Ateeq Shaikh

Just over a decade after the foundation stone was laid for Navi Mumbai Metro, Navi Mumbai Metro rail made its run for the first time on Friday. The metro rail plied for a short distance as part of a trial run of just less than a kilometre.

The trial run was conducted by City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) between the car depot at Taloja and the test track. “For safety reasons, metro’s speed during the trial was kept low at 65 kmph,” said Dr. Sanjay Mukherjee, Vice Chairman & Managing Director, CIDCO.

Going forward, several trial runs will be conducted on the completed stretch of the metro corridor, before it is certified “fit” by the Commissioner of Metro Rail Safety to ferry the public. 

Despite having taken 11-years to construct, it will take another couple of years for the entire route to be ready and made open for public operations.

The entire 11.1-km stretch between Belapur Railway Station and Pedhar will be opened in two phases. The first being, Central Park to Pendhar in December 2021 of around 4-km and eventually the entire route by December 2022.

These renewed deadlines are only if the trials and pending works on the alignment go as planned. In an eventuality of any delay or yet stringent lockdown, people may once again witness at another deadline. In the last 11 years, the metro project’s construction had stalled on a few occasions.

Earlier this year, from February, CIDCO had appointed Maharashtra Metro Rail Corporation Limited or Maha Metro for faster implementation of Navi Mumbai Metro Rail’s maiden line between Belapur to Pendhar.

Also Read: India’s Only Monorail Likely To Get ‘Made In India’ Trains

The post Navi Mumbai Metro’s Chugs; 11 Years After The Project Launched appeared first on Square Feat India.

By Varun Singh

Navi Mumbai, a well planned city provides a systematic living for its residents.

There are many who left the tony suburbs of western Mumbai to live in the planned city of Navi Mumbai.

There are stil many who wouldn’t mind shifting to Navi Mumbai if given a chance from the nearby cities

For such people, who have an interest in Navi Mumbai they should surely read more.

CIDCO the planning authority has put 19 plots in two different areas of Navi Mumbai on auction.

Of the 19 plots, 10 plots are located in Navi Mumbai’s Kharghar area while the remaining nine are in New Panvel (E).

The offset price for the 10 Kharghar plots is Rs 1 lakh per square meter. While the same for the none New Panvel plots is Rs 70,000 per square meter.

The size of the plots are between 60.45 square meters to 279.52 square meters.

To apply for the e-auction process one has to register and the online registrations are open.

Those interested can submit the application, make payment of EMD
and processing fee etc. on eTender cum eAuction Website till April 6.

The last date for bid sumission is April 7 and the eAuction shall be held on April 8. The results shall be published on April 9.

Who are eligible to make an offer:
a. Any person competent to contract under the Indian Contract Act,1872
b. Company incorporated under the Indian Companies Act, 1956.
c. Partnership Firm registered under Indian Partnership Act 1932.
d. Limited liability partnership (LLP)
e. Public Trust registered under Public Trust Act, 1950 and registered under the
Society Registration Act, 1860.
f. Co-Operative Society registered under the Maharashtra Co-operative Societies
Act, 1960.
g. Bids received from Proposed Company / Public Trust / Co-op. Society/
Partnership firm/LLP not registered will be treated as an individual applicant.

Conduct of eAuction/ Online auction:
As per time schedule, bidder shall participate in e-Auction by logging in the
website. Please note that no time extension will be given after closing time.
During e-Auction every bidder can bid in multiple of Rs. 1000-/ per sq. mt.
only.

eAuction Final Result:
After completion of e-Tender cum e-Auction process, for the particular plots, the highest e-auction bid amount will be compared with highest
closed bid (e-Tender) amount submitted and the highest of the two, will be
declared as the successful bidder.

Refund of EMD:
After completion of e-Auction and approval of Competent Authority, the
EMD amount received from Bidders other than the highest Bidder will be
returned without interest, online into the Bank Account provided by the
bidder at the time of Registration. In case the number of bidders during the
process are less than 3 then, the decision of the Corporation may take
some time. Hence, the EMD refund may take extra time in such situation.

Navi Mumbai: The City of the future:

Navi Mumbai (formerly New Bombay) is situated on the mainland across Mumbai harbour. It is four fifth as big as Greater Mumbai in size and has three large industrial estates and Jawaharlal Nehru Port, which is the most modern Sea Port of India. It was conceived as a counter magnet to the congested Mumbai city. There are 14 townships (also referred to as nodes) in Navi Mumbai strung along mass transport corridors, with their own residential, business and commercial areas. Airoli, Ghansoli, Koparkhairane, Vashi, Nerul, Belapur, Kharghar, Kalamboli and New Panvel are the prominent nodes.

Navi Mumbai is now a planned cityreplete with well planned roads, internal expressways, flyovers, multistructured rail corridors, modern Railway Stations that house commercial complexes, state-of-art IT parks, excellent internet connectivity, super specialty hospitals, educational facilities, etc. with proposed International airport, special economic zone and proposed trans-harbour link facilities. A city that almost Two million people call ‘home’.

Also Read: CIDCO Puts 106 Plots On Auction In Navi Mumbai

The post 19 Navi Mumbai Plots Up For Grabs, Know All Here appeared first on Square Feat India.