CIDCO Announces Auction of 30 Leasehold Plots near Navi Mumbai Airport

The City and Industrial Development Corporation (CIDCO) has announced that it will auction 30 leasehold plots near the upcoming Navi Mumbai International Airport, offering a rare investment opportunity in one of India’s fastest-growing urban hubs. Among these, eight bungalow plots in Kharghar carry a combined base price exceeding ₹40 crore. The decision reflects CIDCO’s ongoing efforts to monetize premium land parcels while boosting real estate development around the airport corridor.

CIDCO’s Latest Auction Plan

As Navi Mumbai’s primary planning and development authority, CIDCO plays a pivotal role in shaping the region’s real estate growth.
In a public notice issued on September 24, 2025, the authority announced that it will conduct an e-auction of 30 leasehold plots across major nodes, including Kharghar, Nerul, and Panvel. The plots are earmarked for multiple uses bungalows, residential buildings, commercial developments, storage, and service industries.

The announcement has generated strong interest among developers and high-net-worth investors, as the auction offers rare freehold-like opportunities in prime, well-connected areas. The move is part of CIDCO’s strategy to encourage planned urban development and capitalize on the region’s infrastructure momentum.

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Key Details of the Auction

The CIDCO leasehold plots for auction near Navi Mumbai Airport are divided into multiple categories:

• 8 plots for bungalows
• 8 for residential projects
• 4 for mixed residential and commercial use
• 4 for pure commercial development
• The remainder for warehouses and service industries

The leasehold tenure provides long-term development rights while maintaining CIDCO’s regulatory oversight.
Applications for participation can be submitted by the general public through CIDCO’s official e-auction portal eauction.cidcoindia.com. The online auction will be held on October 16, 2025, and results are expected to be announced on October 17.

Prime Locations of the Plots

The plots are strategically distributed across Navi Mumbai’s prime nodes, including:

• Kharghar
• Airoli
• Nerul
• Dronagiri
• New Panvel
• Kopar Khairane
• Sanpada
• Kamalboli

Each location lies within 30 to 45 minutes of the upcoming Navi Mumbai International Airport, inaugurated by Prime Minister Narendra Modi on October 8, 2025. These nodes are well-connected via highways, the suburban railway network, and upcoming metro corridors factors that make them highly attractive to both residential and commercial investors.

High-Value Plots and Pricing Insights

The auction features one of CIDCO’s costliest land parcels a 41,994 sq. m. plot reserved for mixed-use (residential and commercial) development, carrying a base price of ₹3.51 lakh per sq. m.
Meanwhile, the eight bungalow plots in Kharghar are being offered at a reserve price of ₹1.25 lakh per sq. m., with plot sizes ranging between 400 and 500 sq. m.

These valuations reflect the surging land demand near the Navi Mumbai International Airport and the broader infrastructure-led appreciation across the Mumbai Metropolitan Region (MMR). Analysts note that premium nodes like Kharghar and Nerul are witnessing steady price growth as they evolve into self-sufficient micro-markets with robust social and civic infrastructure.

Airport-Led Development Boost

The CIDCO leasehold plots for auction near Navi Mumbai Airport are expected to benefit significantly from airport-led development.
With commercial operations slated to begin by December 2025, the airport is already catalyzing large-scale infrastructure upgrades from metro line extensions and expressway connectivity to hospitality and retail expansion.

Experts believe this will not only boost land values but also attract corporate offices, logistics hubs, and luxury housing projects to the vicinity. As seen in global examples, proximity to an international airport often transforms nearby regions into thriving real estate ecosystems.

Application and Auction Process

Interested participants can register and submit bids online through CIDCO’s dedicated e-auction platform.
Key dates include:

• Auction Date: October 16, 2025
• Result Announcement: October 17, 2025

The process is designed to be transparent, ensuring equal opportunity for individual buyers, builders, and institutional investors. Successful bidders will receive long-term lease rights, subject to CIDCO’s development norms and compliance requirements.

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What This Means for Investors

The upcoming auction represents a strategic opportunity for investors seeking to enter Navi Mumbai’s premium property market ahead of the airport’s commercial launch. Developers could leverage the land parcels for luxury housing, office spaces, or warehousing — each supported by improving regional connectivity.

Given the upcoming metro network and expressway integration, these plots promise long-term capital appreciation and stable lease returns. For both domestic and NRI investors, the CIDCO leasehold plots for auction near Navi Mumbai Airport signify a low-risk, high-value gateway into one of India’s most ambitious urban developments.

Conclusion

CIDCO’s move to auction 30 leasehold plots near the Navi Mumbai International Airport underscores the authority’s proactive approach to urban expansion and value creation. The auction aligns with the region’s vision of becoming a self-sustaining growth corridor powered by modern infrastructure and connectivity.

As Navi Mumbai transitions into a global business and lifestyle hub, the CIDCO leasehold plots for auction near Navi Mumbai Airport stand out as a high-potential opportunity for developers and investors looking to capitalize on the next phase of Maharashtra’s real estate evolution.