Latest news with #Cidco
Time of India
9 hours ago
- Business
- Time of India
4 Cidco tender plots in Nerul sold for a record Rs 7.65 lakh per sq metre
Navi Mumbai: Four Cidco tender plots in Nerul were sold to a developer on Thursday for a skyrocketing price of Rs 7.65 lakh per sq m. While real estate observers said that the high-priced land deal, won by Parth Life Spaces realty group, is due to the upcoming Navi Mumbai International Airport, activists are sceptical about how working-class people will now be able to afford houses here, since the land itself went at a very steep rate. Parth Life Spaces will have to pay Cidco a total of Rs 1,500 crore for these four plots. Manohar Shroff, a partner of Shivam Builders group, commented: "The four adjoining tender plots in Nerul Sector 28, of areas between 4,500 sq m and 5,100 sq m, are located behind Jewel of Navi Mumbai Lake. However, this record-high land sale will ultimately put the burden on the consumers who will purchase realty spaces here. The new Navi Mumbai airport is also a factor for the high land rate; however, I feel that the builders must control the land prices and make corrections to ensure that the prices do not overshoot. " You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The head of MCHI-Credai (Raigad), Rajesh Prajapati, said: "I do not want to speculate as to what caused these four Cidco land plots to be sold at such a high rate. It is a sensitive issue, and any speculation may directly affect the real estate market." When TOI contacted Cidco, a spokesperson confirmed the record-high land sales but declined to comment further. Activist B N Kumar of NatConnect Foundation said: "After this record-high land bidding at Nerul, one wonders how the builder will be able to get bookings from consumers, because the prices may cross Rs 50,000 per sq ft here. Serious realty investors from India and even Dubai may be able to afford such rates, but not the common salaried people." RTI activist Anarjit Chauhan added: "Earlier, the middle-class people used to reside in Navi Mumbai and Thane. In the mid-nineties, as real estate rates increased, the working class went further to Panvel, Mira Road, and Vasai-Virar for affordable housing. So, only the super-rich will be able to live in places like Vashi, Nerul, Palm Beach Road. Who cares about the middle class anymore?"
Time of India
5 days ago
- Business
- Time of India
‘Darekar panel diluting benefits offered by '19 GR on self-redevpt'
Mumbai: The recommendations of the Pravin Darekar committee on self-redevelopment will negate the benefits offered by the state govt through its 2019 Govt Resolution (GR) said housing activist Chandrashekar Prabhu. The committee submitted its report to the govt last week in the Vidhan Bhavan. CM Devendra Fadnavis, while accepting the report, said the recommendations would be forwarded to various depts to be studied and based on the recommendations of the various depts, the govt would come out with a new policy for self-redevelopment. Comparing the benefits offered in the 2019 GR on self-redevelopment and the recommendations of the Darekar committee, Prabhu said the GR offered 10% more floor space index (FSI) while the committee has recommended an additional 10% increase in carpet area. "Residents of a building that has opted for self-redevelopment get anywhere from 50% to 400% additional area. The 10% increase in carpet area means you get no extra area at all," he said. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai He further pointed out that the committee has recommended self-redevelopment for buildings based on road width. "Buildings that abut roads that are nine metres or more in width can opt for self-redevelopment. What about authorised buildings on roads with less than 9-metre width? There should be no discrimination based on road width," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo The development of software and use of blockchain technology recommended by the committee to approve self-redevelopment projects would be self-defeating, warned Prabhu. "He said those opting for self-redevelopment are middle-class residents and govt must give the option of online or physical submission of proposals." he said, adding if the one-window system for clearance of proposals within three months is to be a reality then an IAS officer must be appointed to look into each case and smoothen out hurdles. Citing the quality of Cidco buildings, Prabhu said many buildings have become old and dilapidated with 10-15 years and are in urgent need of redevelopment. "The committee has recommended 30 years as the eligibility criteria for self-redevelopment. This should be done away with," he said. The committee's recommendation takes away the benefit of procuring TDR at 50% of the Ready Reckoner Rate as mentioned in the 2019 GR, instead it has proposed a 10% discount on premiums, said Prabhu.
Indian Express
7 days ago
- Business
- Indian Express
Changing City: Ulwe Coastal Road, key infra project in Navi Mumbai, readying for launch next year
As Navi Mumbai prepares to take its next step in connectivity, the Ulwe Coastal Road (UCR) has been identified as an infrastructure project that will redefine urban transport in the Mumbai Metropolitan Region (MMR). The 5.8-kilometre six-lane road with a 1.2-kilometre elevated stretch is being constructed by the City and Industrial Development Corporation of Maharashtra Limited (Cidco) to link Belapur to the Mumbai Trans Harbour Link (MTHL) at Shivaji Nagar and enhance connectivity further to the new Navi Mumbai International Airport (NMIA). The Ulwe Coastal Road is planned as a mega feeder road connecting Navi Mumbai to the mega infrastructure projects, according to Cidco. Starting at Amra Marg in Belapur and following the Ulwe coast to join the MTHL junction, the road will provide high-speed direct connectivity from Mumbai to Navi Mumbai, particularly for those travelling to the NMIA. The highway runs through developing areas such as Seawoods, Ulwe, Bamandongri, and Targhar, which are poised to witness aggressive growth once the Navi Mumbai airport becomes operational. The Ulwe Coastal Road is being planned with both capacity and environmental considerations. The highway will have three lanes on either side, with unhindered vehicular movement. A 1.2-kilometre elevated section will pass over sensitive mangrove areas, and a special railway overbridge will enable people to skip bottlenecks at tracks on the Nerul-Uran route. Cidco's proposal provides for smooth integration with the MTHL, giving Mumbai commuters easy access to NMIA and other nodes in Navi Mumbai. For people of Navi Mumbai, the UCR offers the much-needed connectivity to Mumbai through the MTHL, reducing travel time and decongesting roads such as Palm Beach Road and Sion-Panvel Highway. For those who would be using the upcoming Navi Mumbai airport, it provides seamless airport connectivity, crucial for economic and logistical efficiency. Urban planners anticipate the highway to boost business and residential development in Ulwe and other nodes, with better last-mile connectivity inviting investment and dissolving traffic congestion at older nodes such as Vashi and Belapur. Estimated at Rs 1,400 crore, the Ulwe Coastal Road is one of Cidco's showcase projects in sync with NMIA's phased commissioning. Tenders were issued in late 2024, and construction has begun since then. The deadline for the project is set for early 2026, coinciding with the airport's planned commissioning. The estimate involves structural components, environmental mitigation works, and road safety facilities, consistent with the challenging terrain and environmental sensitivity of the road. The significance of the road is enhanced by the two projects it will link — the Mumbai Trans Harbour Link or the Atal Setu will connect directly to UCR at Shivaji Nagar, while at the other end, the UCR offers a special route to NMIA's terminal area. This three-way connection — MTHL, UCR, NMIA — has been termed 'transformational' by officials for Thane and Panvel commuters, minimising reliance on highways in the two cities and scattering airport traffic more evenly throughout the MMR. The alignment of the road was picked to minimise ecological disruption. The elevated section going through coastal and mangrove-dominated areas in particular ensures that construction does not have direct impact on sensitive ecosystems. Cidco has also pledged compensatory afforestation and carried out environmental appraisal as part of statutory clearances. While environmental groups raise concerns about long-term effects on Ulwe's natural shoreline, authorities have stated that engineering interventions such as building on stilts and creating buffer zones will help preserve biodiversity while supporting urban development. 'The Ulwe Coastal Road is a crucial project among the various initiatives undertaken by Cidco to provide seamless connectivity to the Navi Mumbai International Airport. This six-lane road will play a vital role in connecting the Atal Setu and the Navi Mumbai International Airport. Starting from Amra Marg, the road will be linked to the interchange at Atal Setu. This road will be instrumental in the commercial success of the Navi Mumbai International Airport,' said Priya Ratambe, Public Relations Officer, Cidco.
Time of India
19-07-2025
- Business
- Time of India
Activists Demand Solution to Water Problem in Ulwe Node
Navi Mumbai: Social activists from Ulwe have approached authorities regarding the critical water situation in their node. Led by Sachin Raje Yerunkar, activists including Chandrakant Bakalkar, Gajanan Jadhav, Sai Paikade, and Shashikant Kamble met Cidco officials, pressing their demand to address the urgent water crisis. The current water supply is insufficient for Ulwe's growing population, alleged the activists. Cidco said that plans are being charted out to supply additional water to cater to this node. Larger residential towers in sectors 8, 9, and 10 receive adequate water, whilst smaller societies struggle to get their quota. Ironically, societies in sector 9 were without water for six months, with irregular and inadequate govt tanker service. The high-rise zone in the hilly region of sector 17 and Javale village, under Cidco's jurisdiction, faces severe water shortages. Sectors 15, 16, and 17 experience distribution issues due to pipeline routing, and buildings near Bamandongri station lack water supply, said Yerunkar. The absence of a Master Balancing Tank (MBR) in Ulwe results in persistent low-pressure supply, with complete interruption during dam maintenance, said Bakalkar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The brief water supply duration fails to meet minimum requirements. The activists submitted proposals for immediate implementation and requested Cidco to develop a comprehensive water supply plan considering Ulwe's rapid development. A local resident, Dr Bhushan Patil, said that Cidco failed to live up to its promises for uninterrupted water supply. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The activists also demanded that new construction permits be suspended until these issues are resolved. "How is Cidco letting permission for upcoming construction projects in the node when there's a vivid scarcity of water and no provision in place to supply drinking water to the existing population?" said Jadhav. As per sources, the population of this node crossed 2 lakh in the last few years, and more due to the commencement of suburban train services between Nerul and Uran.
Time of India
19-07-2025
- Business
- Time of India
Deputy CM Shinde tells Nashik civic chief to resolve water supply, parking & road issues
Nashik: Deputy chief minister Eknath Shinde has asked Nashik's municipal commissioner Manisha Khatri to ensure the civic body carries out works to regularise drinking water supply to Cidco and neighbouring areas by appointing new valve-men, address the city's parking issues, and repair roads excavated for gas pipeline installation. This followed a meeting between Nashik West MLA Seema Hiray and Shinde, who also serves as the urban development minister, on Friday. Hiray briefed Shinde on citizens' concerns, including drinking water shortage, poor road condition, city-wide encroachments, parking difficulties causing traffic congestion, and other issues. "The minister gave us a patient hearing. NMC commissioner Manisha Khatri virtually attended the meeting. The minister asked the commissioner to take steps, including floating a fresh tender for the appointment of valve-men to operate the valves of drinking water supply pipelines, and ensure equitable water distribution across the city. He also asked the corporation to repair the roads that were dug up while laying the gas pipeline at the earliest," said Hiray. Hiray also reported that Shinde requested the corporation to execute developmental projects at Pelikan Park. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The NMC is expected to allocate its funds for this initiative, supplemented by state govt. Shinde laid stress on the development of parking spaces in open areas to ensure traffic congestion is reduced, the MLA added. He also took note of the outstanding house and water cess owed by citizens and told the corporation to reduce these arrears by introducing attractive schemes and reducing penalties. The corporation must submit a proposal to state govt to implement these measures, Hiray said.
