CIDCO gets approval to issue RFP for Navi Mumbai International airport.


The Rs 16,000 crore project is being implemented through Public-Private Participation and CIDCO has a 26% stake in it.

MUMBAI: The state cabinet on Monday gave its approval to the City Industrial Development Corporation to issue a Request for Proposal (RFP) for the proposed Navi Mumbai International airport. For mre details visit

A RFP is a solicitation, often made through a bidding process by an agency or company seeking to procure a commodity, service, to potential suppliers to submit business proposals.

Announcing the decision in the legislative assembly while replying to a debate on Mumbai and Konkan, chief minister Devendra Fadnavis said four consortiums had been short-listed. However, one was disqualified as it did not get a security clearance. In case of two others, the clearance was granted by the Centre after they fulfilled all conditions.

“The Rs 16,000 crore project is being implemented through Public-Private Participation and CIDCO has a 26% stake in it. CIDCO already has 80% of the land in its possession. Nearly 95% of the land has been acquired through consent award,” he said.

Fadnavis said the first phase which will handle one crore passengers will be commissioned by 2019.

“The consortium will be allowed to operate flights even earlier as the airport is being built in phases and the one crore mark will not be reached in a day,” he said.

The four companies that were short-listed include GMR Group, the GVK-led MIAL (which has the first right of refusal), Hiranandani Developers along with Zurich airport and Mia Infrastructure with Tata Realty and Infrastructure. The Hiranandani Developers – Zurich airport consortium failed to obtain security clearance.

Maharashtra Govt: Increased ready reckoner rates by 7- 8%

The Government of Maharashtra has increased the ready reckoner rates for Mumbai and rest of Maharashtra by average 7 – 8 %. In Mumbai, the rates used for property valuation have been increased by 7%. The rates have been increased by 4% for Navi Mumbai while for Thane and Pune the average hike is at 6%. The Kolhapur city has seen the maximum increase in ready reckoner rates by 7.8%.

Last year, the ready reckoner rates have been increased by 15% in the city of Mumbai. Ready reckoner rates are assessments of property value by the State Government on the basis of which stamp duty and registration charges are paid. The upward revision in ready reckoner rates would result in homebuyers paying more stamp duty. Apart from this, developers also usually pass on increases in project expenditure to consumers. The ready reckoner rates for the year 2016 have seen decrease in the percentage as compared to the previous year. For more details visit

Where you can get an affordable homes near Mumbai

Where you can get an affordable homes near Mumbai

Kalash City

Mumbai is an expensive city. Buying a 1 or 2BHK unit in Mumbai is a pricey affair but the story does not hold true for Mumbai Metropolitan Region (MMR). For more details

In comparison to the rest of the metro cities of the country, being a property owner in MMR can be a tad difficult. And this is well-known to buyers such as Sundaram Subramanian.

Magicbricks Real Estate Forum receives queries daily on the right locations and properties to purchase across India. Subramanian writes, “I’m from Thane. I’m planning to buy a 1 or 2BHK flat. I have a budget of Rs 40 lakh. Kindly suggest properties in Mumbai, Thane, Navi Mumbai and Pune.”

For buyers like Subramanian, looking for smaller compact homes in MMR, it becomes difficult to find details related to properties of the entire region. As per Magicbricks data, we have culled out information which will help him purchase a home within his budget and his chosen location.

The following information covers the names of the localities, the size range of the units which will fit his budget, the average price per sq ft, the budget range and the names of some developers prominent in those localities.

Mumbai (1 & 2BHK units)

Localities: Mira Road, Naigaon (E), Virar (W), Bhayandar (E), Nalasopara (E)

Size range: 550-850 sq ft

Budget range: Rs 35-40 lakh

Average price range: Rs 4,800-6,500 per sq ft

Developers: JP Infra, Parasnath Group, Mahavir Group, DB Realty, Prithvi Group, Bhoomi & Arcade Group, Rajhans Group, Rustomjee

Thane (1 & 2BHK units)

Localities: Dombivli, Shilphata, Kalyan (W), Ambivli, Badlapur (E), Titwala, Ambernath (E)

Size range: 620-1100 sq ft

Budget range: Rs 33-40 lakh

Average price range: Rs 3,650-5,400 per sq ft

Developers: Arihant Superstructures Ltd, Lodha Group, Sai Satyam Group, The Mohan Group, Yogi Developers, Runwal Group

Navi Mumbai (1 & 2BHK units)

Localities: Ulwe, Taloja, Kalamboli, Panvel, Khopoli, Kharghar, Roadpalli, Kamothe, Karanjade

Size range: 630-1082 sq ft

Budget range: Rs 32-40 lakh

Average price range: Rs 4,800-6,500 per sq ft

Developers: Ravechi Group, Agrawals Group, RK Builders & Developers, Satyam Developers, Sharda Enterprises, Vankvani Developers, Shree Laxmi Developers

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