Advertisement
14 Apr 2025
The Navi Mumbai Municipal Corporation (NMMC) has initiated a survey of unauthorised constructions across its jurisdiction, following a directive from the Bombay High Court. The survey will cover structures built without legal permissions, and notices will be served to violators after verification. Affected parties will have the opportunity for a hearing before the civic body issues final decisions. This move is aimed at curbing illegal developments, improving urban planning, and enforcing regulatory compliance. The survey is expected to bring more clarity to property records and municipal planning.
10 Apr 2025
Welspun One Logistics Parks has secured financial closure for its INR 2,300 crore mega logistics park at Jawaharlal Nehru Port Authority's Special Economic Zone (JNPA SEZ) in Navi Mumbai. The project, spanning 110 acres, aims to develop 3.2 million square feet of Grade-A warehousing space. This initiative is set to enhance India's infrastructure landscape, leveraging JNPA's strategic location to facilitate efficient logistics and bolster economic growth.
10 Apr 2025
The City and Industrial Development Corporation (CIDCO), acting as the Special Planning Authority (SPA) for Navi Mumbai, has withdrawn the allotment of 16 plots valued at around INR 2,000 crore. The decision targets developers and buyers who failed to initiate construction despite repeated deadline extensions and official warnings. These land parcels, meant for residential and commercial use, are located in prime nodes like Airoli, Nerul, Belapur, Kharghar, and Dronagiri. With Navi Mumbai's real estate prospects on the rise, CIDCO has indicated that further cancellations may follow, particularly for leased plots lying idle. Developer interest remains strong, as reflected by Godrej Properties Ltd's recent INR 717 crore lease deal for land in Kharghar.Read more
08 Apr 2025
The City and Industrial Development Corporation (CIDCO) has presented its highest-ever annual budget of INR 14,130 crore for the financial year 2025-26, aiming to fast-track major infrastructure and urban development initiatives in Navi Mumbai. Key allocations include INR 6,868 crore for general development, INR 3,251 crore for housing, INR 1,120 crore for water supply, and INR 625 crore for metro projects. Additional funds have been earmarked for the Navi Mumbai International Airport, railway upgrades, Navi Mumbai Airport Influence Notified Area (NAINA), and road connectivity schemes.
08 Apr 2025
Nearly 40% of the six-lane Ulwe Coastal Road-spanning 6.7 km from Amra Marg to the Atal Setu (MTHL) junction at Shivajinagar-has been completed, with CIDCO pushing ahead on this key infrastructure project. The INR 1,591 crore road project, which includes an elevated airport link of 0.903 km, is integral to ensuring seamless connectivity to the upcoming Navi Mumbai International Airport. CIDCO aims to complete the work by September 2026, with significant financial allocations made in the current and upcoming fiscal years.
08 Apr 2025
In a pioneering move, the forest department has successfully restored a four-hectare buried mangrove stretch near Vashi railway station, marking the first such initiative in the Mumbai Metropolitan Region (MMR). The effort involved removing debris dumped at Survey Number 17 in Vashi village. Environmentalists, including NatConnect Foundation and Sagar Shakti, welcomed the move and proposed developing a mangrove walk zone to raise public awareness. They urged Navi Mumbai Municipal Corporation (NMMC) to consider establishing its planned Mangrove Park at this restored site, which offers easier execution and minimal ecological disruption.
07 Apr 2025
The Navi Mumbai Municipal Corporation (NMMC) has successfully achieved its revenue collection target, owing to the cooperation of its well-informed citizens. The revenue was generated from various sources, including property tax, water tax, construction permit approvals, and license fees. The Property Tax Department collected INR 826.12 crore, with INR 20.97 crore collected under the Abhay scheme, which offered a 50% discount on penalty charges. The Water Supply Department gathered INR 105.93 crore, while the Urban Planning Department secured INR 381.90 crore from construction permits, primarily from redevelopment projects. Additional revenue was collected through the Licensing Department and local body tax. Future plans include integrating the Bharat Bill Payment System for enhanced convenience.Read more
04 Apr 2025
The City and Industrial Development Corporation (CIDCO) has raised property transfer fees across Navi Mumbai by 5 to 10%, with registered housing societies and commercial shops facing a 50% hike. The revised charges took effect from 2nd April. The increase aligns with market trends and infrastructure development, impacting transactions in key areas such as Vashi, Nerul, Panvel, and Kharghar. Residential property transfer fees now range from INR 27,000 to INR 2,31,000 per square metre, while commercial properties exceeding 200 square metres will attract fees as high as INR 5,84,600 per square metre. CIDCO defended the move as necessary for urban growth despite potential market slowdowns.
04 Apr 2025
Merino Shelters, a MAN Industries subsidiary, has partnered with Paradise Group to develop its 6-acre land in Nerul, Navi Mumbai, over six years. The deal includes an upfront payment of INR 70 crore and 30% of the RERA carpet area, valued at INR 650-INR 700 crore. The total monetisation is estimated at INR 770 crore. The land, near DY Patil Stadium and the upcoming Navi Mumbai International Airport, offers strong growth potential. MAN Industries aims to monetise non-core assets, while Paradise Group sees high development prospects.
01 Apr 2025
Navi Mumbai is rapidly emerging as a prime commercial real estate hub, driven by its strategic location, robust infrastructure, and affordability. The city benefits from excellent connectivity via the Mumbai-Pune Expressway, the Mumbai Trans Harbour Link, and the upcoming Navi Mumbai International Airport. Infrastructure projects like metro expansions and road network improvements further enhance its appeal. Affordable office spaces, coupled with lower operational costs, attract multinational corporations, startups, and Global Capability Centres. The proposed International Corporate Park in Kharghar is expected to be a game-changer. With a projected 13% annual growth rate in commercial real estate, Navi Mumbai presents a lucrative investment opportunity.Read more
Advertisement
01 Apr 2025
The state government has announced that the height of stilt parking will no longer count towards the permissible building height under the 12.5% scheme in Navi Mumbai. This decision aims to facilitate redevelopment projects that were previously hindered by height restrictions. Deputy Chief Minister Shri Eknath Shinde stated that the Unified Development Control and Promotion Regulations (UDCPR) will be updated immediately to reflect this change. The 12.5% scheme, initiated by CIDCO in 1994, allocates developed land to project-affected persons (PAPs) whose land was acquired for Navi Mumbai's development. By excluding stilt parking from height calculations, the government seeks to accelerate redevelopment and benefit numerous residents in the region.
31 Mar 2025
The Property Tax Department of the Navi Mumbai Municipal Corporation (NMMC) has decided to auction seized properties with outstanding tax dues. Notices have been issued to 454 property owners across eight wards, urging them to clear their arrears immediately to avoid auction proceedings from April 2025. Under the Maharashtra Municipal Corporation Act, properties with unpaid taxes face seizure and subsequent auction. To facilitate the process, authorised government valuers are being appointed. Additionally, NMMC has introduced the 'Abhay Yojana', offering a 50% waiver on late payment charges until the end of March 2025, with tax payment centres remaining open on weekends.Read more
26 Mar 2025
CIDCO has allocated 7,850 flats under its mass housing scheme across five nodes Taloja, Kharghar, Kalamboli, Ghansoli, and Dronagiri in Navi Mumbai. The draw, aimed at economically weaker sections (EWS) and lower-income groups (LIG), was conducted for nearly 1.24 lakh applicants. The scheme offered 5,300 flats under the EWS category and 2,500 under the LIG category, priced between INR 18 lakh to INR 31 lakh. CIDCO also offered a 5% rebate on the base cost for immediate payment. Successful applicants must pay 25% within a month and the remaining balance as per a 7-year schedule. CIDCO has tied up with several banks and NBFCs to facilitate loans for the buyers.
26 Mar 2025
The Navi Mumbai Water Transport Project aims to provide a faster and eco-friendly commuting alternative between Mumbai and Navi Mumbai, reducing road congestion. Key developments include the Nerul Passenger Water Terminal (NPWT) and passenger jetties along Mumbai's western and eastern coasts, connecting major locations via water taxis. The INR 1,300 crore Eastern Water Transport Project, backed by CIDCO and the Maharashtra government, will enhance connectivity with South Mumbai, Elephanta Island, and the upcoming Navi Mumbai International Airport. Despite bureaucratic hurdles, the project is set to improve transit efficiency, boost regional infrastructure, and support sustainable urban mobility.Read more
25 Mar 2025
The Navi Mumbai Municipal Corporation (NMMC) has introduced the Abhay scheme, aimed at recovering outstanding water bill payments from its customers. The initiative provides a 50% discount on late fees and penalty amounts for all categories of water bill payers, including gram panchayats connected to the primary water channel between Morbe Dam and Kalamboli. The scheme is set to be implemented from 21 March 2025 to 31 March 2025, encouraging citizens to clear their dues within this timeframe. The NMMC has urged residents to take advantage of this opportunity to settle pending payments.Read more
24 Mar 2025
The Navi Mumbai Municipal Corporation's Property Tax Department announced its decision to auction seized properties with pending property tax dues. The civic body has begun the process of appointing authorised government valuers to assess these properties. Citizens whose properties are under seizure action have been urged by Municipal Commissioner Dr Kailash Shinde to clear their outstanding tax liabilities immediately to avoid the auction of their assets. A public advertisement has been issued, and responses from 10 government-registered valuers have been received. The Corporation also encouraged citizens to benefit from the ongoing 'Abhay' scheme offering a penalty waiver for lump sum payments.Read more
21 Mar 2025
Navi Mumbai Municipal Corporation (NMMC) has launched a special amnesty scheme for property tax defaulters from March 1 to 31, 2024, to boost tax collection. Taxpayers paying between March 1 and 20 will receive a 75% waiver on penalties, while those paying between March 21 and 31 will get a 50% waiver. The scheme is voluntary and applies only if the full outstanding tax amount is paid at once. Payments can be made online or at NMMC offices. As of now, NMMC has collected INR 530 crore against a target of INR 801 crore. No concessions apply after March 31.Read more
21 Mar 2025
The City and Industrial Development Corporation (CIDCO) is spearheading one of India's largest public housing projects in Navi Mumbai under the Pradhan Mantri Awas Yojana (PMAY). Spread across 600 acres at 20 locations from Vashi to Taloja, the initiative aims to deliver 67,235 affordable housing units catering to economically weaker sections (EWS) and low-income groups (LIG). Prices for EWS flats start at INR 25 lakh, while LIG flats can reach over INR 97 lakh. Earlier this year, 5,000 units were sold, with keys handed over to several families. The project is expected to be completed in phases by the end of 2027.Read more
17 Mar 2025
The Navi Mumbai Municipal Corporation (NMMC) has intensified its efforts to ensure the roads and footpaths within its jurisdiction remain accessible to citizens. Municipal Commissioner Dr. Kailash Shinde has been regularly reviewing the city's management, highlighting the nuisance caused by abandoned vehicles and unauthorized vendors. These issues have been disrupting both traffic flow and the city's cleanliness. In response, the Encroachment Department has been instructed to issue notices to vehicle owners and take strict action under Sections 230 and 231 of the Maharashtra Municipal Corporation Act, 1949. Additionally, a campaign will soon be launched to remove unauthorized hawkers and vendors from sidewalks to restore public spaces to their intended use.Read more
17 Mar 2025
The Navi Mumbai Municipal Corporation (NMMC) has launched a newly updated online property tax collection system, aimed at simplifying the payment process for residents. Municipal Commissioner Dr Kailash Shinde introduced this modernised system earlier this week, integrating advanced technologies such as net banking, UPI, QR codes, and digital wallets. As a result, online tax payments have reportedly increased by nearly 15%. Additionally, the Bharat Bill Payment System (BBPS) is set to be implemented within the next 2 weeks, offering residents 24x7 access to make secure payments through major banks and digital platforms. Furthermore, the Municipal Corporation has introduced the Abhay Yojana, granting a 50% concession on late payment penalties for arrears, encouraging citizens to settle outstanding dues by the end of March.Read more
Advertisement
