CIDCO floats tenders worth ₹1216 crore for NAINA project

CIDCO floats tenders worth  ₹1216 crore for NAINA project

CIDCO has floated tenders worth INR 1,216 crore plus GST for the construction of roads, footpaths, and SW drains in the Navi Mumbai Airport Influence Notified Area (NAINA) to speed up the project. The project, which is being developed on an area of 371 sq. km. around the Navi Mumbai International Airport, is based on the principle of participation of landowners, who will get a 40% developed plot from their original land at 2.5 FSI, while CIDCO will develop infrastructure and facilities over the remaining 60% land.

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