16 Navi Mumbai land parcels are listed for sale by CIDCO

The City and Industrial Development Corporation (CIDCO), a city planning and infrastructure development agency under the government of Maharashtra, has listed 16 lots in prestigious Navi Mumbai areas.

According to real estate consultants and developers working in the satellite city of Mumbai, the projected auction of lands totaling 12 hectares is expected to bring in close to Rs 1,000 crore.

The grounds will be used for both business and residential purposes. According to CIDCO's tender document, these plots are located in a desirable part of the city, close to the APMC market in Vashi and the NRI complex in Nerul.

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