CIDCO to Auction 30 Plots Near Navi Mumbai Airport for Homes and Businesses

The City and Industrial Development Corporation (CIDCO) has announced plans to conduct an e-auction of 30 leasehold plots across Navi Mumbai. Strategically located near the upcoming Navi Mumbai International Airport (NMIA), these plots will be offered for residential, commercial, and industrial purposes, presenting an excellent opportunity for investors and homebuyers alike.

With the airport nearing completion and scheduled for inauguration soon, the decision of CIDCO to auction plots near Navi Mumbai International Airport is expected to significantly influence the real estate market and boost economic activity in the region.

CIDCO’s E-Auction Announcement

On September 24, 2025, CIDCO issued an official notice regarding the e-auction of 30 plots across its planned nodes in Navi Mumbai.

• The plots will be leased for diverse uses, ranging from bungalows and commercial spaces to service industries, storage, and warehouses.
• To help participants prepare, CIDCO will release a detailed booklet on September 29, providing the exact location, plot sizes, and terms of allotment. The booklet will be available for purchase on CIDCO’s auction portal.
• The online e-auction is scheduled for October 16, with results to be declared the next day, October 17.

This transparent and time-bound digital auction process ensures equal opportunity for individuals, businesses, and developers.

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Purpose of the Plots

According to the auction notice, the 30 plots being offered are designed to cater to a wide spectrum of real estate needs:

• Residential Bungalows: Ideal for families looking to build luxury homes close to NMIA.
• Commercial Spaces: Suitable for shops, offices, and retail developments in fast-growing urban nodes.
• Service Industries: Designed for small and mid-scale businesses that can benefit from proximity to the airport.
• Storage & Warehouses: Strategically located plots for logistics, ensuring smooth cargo handling once the airport becomes operational.

This mix of usage categories makes the auction attractive for both end-users and long-term investors aiming to capitalize on future demand.

Significance of Navi Mumbai International Airport

The upcoming Navi Mumbai International Airport is among India’s most ambitious infrastructure projects. Prime Minister Narendra Modi is expected to inaugurate its operations in the coming weeks, alongside the partial launch of the Mumbai Metro-3 corridor.

The airport is not only expected to ease the burden on Mumbai’s Chhatrapati Shivaji Maharaj International Airport but also transform Navi Mumbai into a global business hub. With enhanced connectivity, improved infrastructure, and increasing investor interest, demand for real estate in the surrounding nodes has surged.

The timing of CIDCO to auction plots near Navi Mumbai International Airport underscores the authority’s effort to align land development with upcoming infrastructure milestones.

CIDCO Nodes and Locations of Plots

Over the years, CIDCO has meticulously planned and developed 14 nodes in Navi Mumbai. These include:

• Airoli
• Vashi
• Nerul
• Belapur
• Kharghar
• Kamothe
• New Panvel
• Ulwe
• Dronagiri

These nodes are strategically located, connected to highways, metro projects, and the upcoming airport. Each node has been designed to offer a mix of residential, commercial, and industrial facilities, making them highly sought after by both homebuyers and businesses.

The upcoming e-auction plots are spread across these nodes, giving buyers multiple options depending on their investment goals.

Leasehold Policy and Freehold Conversion Update

In July 2025, CIDCO introduced a major policy reform by allowing conversion of leasehold plots into freehold.

• Eligible plot owners can now apply for conversion by submitting the required documents and paying a conversion fee based on ready reckoner rates.
• Only a percentage of the ready reckoner rate is charged, making ownership more secure and long-term for residents.

This reform has already boosted confidence among investors and end-users, and the upcoming auction is expected to attract even greater interest, as buyers know they may have the option to convert leasehold plots to freehold in the future.

Revenue Potential and Market Impact

CIDCO’s e-auction comes at a time when demand for real estate in Navi Mumbai is on the rise. With the NMIA nearing launch, investors are looking to secure land parcels that will appreciate in value over the coming years.

Similar initiatives, such as the Mumbai Port Authority’s recent decision to lease 28 plots across Mumbai and Alibaug, highlight how government agencies are unlocking land value to boost revenues.

For CIDCO, this auction is not just about raising funds but also about accelerating urban development and ensuring the Navi Mumbai region continues to attract investment.

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How to Apply for Auction

Interested applicants can participate in the e-auction by visiting the official portal: eauction.cidcoindia.com.

Application process:

1. Purchase the booklet online starting September 29 to access details about the plots.
2. Review the terms and conditions along with plot specifications.
3. Submit bids during the e-auction period on October 16.
4. Check results announced on October 17.

The entire process is digital, ensuring fairness, transparency, and convenience for all bidders.

Conclusion

The decision of CIDCO to auction plots near Navi Mumbai International Airport marks a pivotal moment for Navi Mumbai’s real estate sector. With the upcoming airport set to transform the region into a global economic hub, these plots present an unmatched opportunity for both residential and commercial development.

From luxury bungalows to commercial hubs and logistics facilities, the auction caters to diverse requirements while boosting economic growth. For homebuyers, businesses, and investors, CIDCO’s move represents a chance to be part of Navi Mumbai’s next growth chapter.