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CIDCO seeks landowners' consent for fast-track Navi Mumbai Airport area development


CIDCO seeks landowners’ consent for fast-track Navi Mumbai Airport area development
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“CIDCO has appealed to land owners for quick consent in order to fast track the implementation of town development plans and further the NAINA project. This step will also benefit the land owners as they will be able to undertake development works on the land allotted to them and gain positive demand for those land at the earliest,” said Sanjay Mukherjee, VC & MD, CIDCO.
CIDCO has decided to undertake TDP no. 4 to 11, as per the preferences of land owners.
The Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has appealed to owners of land parcels falling within the Navi Mumbai Airport Influenced Notified Area (NAINA) to submit their consent letters soon to fast-track development plans in the area. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Navi Mumbai Airport , City And Industrial Development Corporation , வணிக செய்தி , உடைத்தல் செய்தி நிகழ்வுகள் , சமீபத்தியது செய்தி புதுப்பிப்புகள் , பொருளாதார முறை , பொருளாதார முறை செய்தி செயலி , தினசரி சந்தை புதுப்பிப்புகள் , வாழ வணிக , நவி மும்பை விமான , நகரம் மற்றும் தொழில்துறை வளர்ச்சி நிறுவனம் ,

CIDCO slashes penal interest rate on delayed payment charges by 50%


CIDCO slashes penal interest rate on delayed payment charges by 50%
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The decision is expected to provide relief to small and medium size realty developers in Navi Mumbai. Currently, developers pay 12% interest on delay in payment of instalments up to 3 months and 16% interest on delay in payment for more than 3 months. The rate of interest for delay in payments has now been slashed to 8.4%.
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This benefit will also be available to thousands of homebuyers who have bought properties and tenements directly from the CIDCO.
In the backdrop of the Covid19 pandemic and lockdown’s impact on the real estate sector, the Maharashtra government’s city planning body, City and Industrial Development Corporation (CIDCO) has offered nearly 50% reduction in the interest rates on delay in plot or property payments. ....

Raajesh Prajapati , Industrial Development Corporation , Prajapati Group , Navi Mumbai , Unified Development Control , Promotion Regulations , Penal Interest Rate , City And Industrial Development Corporation , தொழில்துறை வளர்ச்சி நிறுவனம் , ப்ராஜாப்ாடி குழு , நவி மும்பை , ஒருங்கிணைந்த வளர்ச்சி கட்டுப்பாடு , ப்ரமோஶந் ஒழுங்குமுறைகள் , நகரம் மற்றும் தொழில்துறை வளர்ச்சி நிறுவனம் ,

CIDCO freezes reserve prices of land parcels in Navi Mumbai for FY22


CIDCO freezes reserve prices of land parcels in Navi Mumbai for FY22
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Over the last few years, the property sector has been severely affected due to economic recession caused by outbreak of pandemic and prolonged lockdown. To strengthen the real estate sector and regain the pace of overall economy, the state government has also decided to not increase the Ready Reckoner Rates for 2021-22 and have maintained 2020-21 Ready Reckoner Rates for 2021-22.
Based on the reserve price, the land prices for different land uses in the node are fixed in accordance with the land pricing and disposal policy approved by the board. ....

Sanjay Mukherjee , Industrial Development Corporation , Navi Mumbai , Ready Reckoner Rates , Reckoner Rates , Prolonged Lockdown , City And Industrial Development Corporation , சஞ்சய் முகர்ஜி , தொழில்துறை வளர்ச்சி நிறுவனம் , நவி மும்பை , ரெடீ கணக்காளர் ரேட்ஸ் , நகரம் மற்றும் தொழில்துறை வளர்ச்சி நிறுவனம் ,