CIDCO plans another housing scheme

CidcoAfter the runaway success of its mass housing scheme in Kharghar, town planning agency CIDCO is readying another such scheme, to be opened in March.

Chief Minister Ashok Chavan distributed keys to the Kharghar houses, and performed the bhoomi puja for the new scheme planned at Sector 19A in Ulwe, near CBD Belapur. Flats in this scheme are expected to cost Rs 6-10 lakh. CIDCO’s housing schemes have traditionally been popular with the middle and lower middle classes as they offer housing affordable enough for them.

Dr D.L.N. Murthy, CIDCO General Manager (IT & Special Projects) said: “This scheme will have 1,344 flats housed in ground + 7-storey buildings with a lift. Of those, 800 flats will measure 323.35 sq ft each, and 544 flats will measure 451.66 sq ft.”
Work on the project has been awarded to BG Shirke, CTPL. “We plan to offer the flats to the public from March. Possession is likely to be given by 2011-end,” Murthy added.

Popularity: 14% [?]

New horizons

KhargharKharghar, one of the well-developed nodes of Navi Mumbai, is located on the Mumbai-Pune highway (NH 4) at a less-than-one hour drive from the heart of Mumbai city.

The area started developing in 1995 and now it boasts of a number of ready and under-construction projects, both in the commercial and residential segments.

With so many new projects coming up there, Kharghar claims to be the third most developed node of Navi Mumbai after Vashi and Nerul. The site of Kharghar adjoins the Central Business District of Navi Mumbai and is bound by two major high­ways and the picturesque Kharghar Hills.

Kharghar is primarily a residential township, encircled by lush green mountains from all sides, making it almost like a hill station in the rains. While the area was considered difficult to access a few years ago, its recent increase in well-planned infrastructure is making it a favourite among Mumbaikars.

Popularity: 2% [?]

Hospital plot in Kharghar goes for over Rs 30 k/sqm

Hospitality plot in KhargharAcknowledging that a plot in Kharghar had indeed been sold for over Rs 1 lakh a sqm, Cidco spokesperson Buddhabhushan Gaikwad attributed the high-end realty sales to the booming economy.

Undoubtedly, Tuesday’s bids have shocked even the builders’ lobby considering that there seem to be few takers for high-rise apartments being sold in the area at rates comparable to Bandra and upmarket Kandivali in the western suburbs. “These 7,000 sqm plots are most likely to be developed into malls as they are much more profitable today than building residential or office complexes,” said a Navi Mumbai-based builder.

Not just this, a health user plot (meant for hospitals) in Kharghar was sold for a high Rs 30,300/sqm, an unheard of price in this category. Another health user plot, in Kalamboli, went for Rs 11,000/psm. In what was another first for the upcoming New Panvel zone, a commercial-cum-residential plot went for a high Rs 54,000/sqm. 
Source: The Times of India

Popularity: 3% [?]

Navi Mumbai international airport project drives up land Prices

Kharghar, Navi MumbaiThe proposed international airport project in Navi Mumbai is driving up land prices in areas such as New Panvel, Kalamboli and Kharghar. The City and Industrial Development Corporation of Maharashtra (CIDCO) has recently sold plots in the area for significantly higher amounts than recent market prices.

The Navi Mumbai International Airport would be one of the world’s few ‘’greenfield'’ international state-of-art airports offering world-class facilities for passengers, cargo, aircrafts and airlines. The airport will support the rapidly growing air travel needs of the Mumbai Metropolitan Region. It is expected to absorb annually 4.5 million passengers in its first operational year, doubling to 8.2 million by 2010 to 13.7 million by 2020 and 30 million by 2030 according to developer CIDCO.

Popularity: 12% [?]


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