City and Industrial Development Corporation (Cidco) has invited private players to participate in various projects it has undertaken to develop Navi Mumbai.
The Maharashtra government's special planning authority for the satellite township of Mumbai has embarked on Rs 20,000 crore worth of infrastructure projects around the proposed Navi Mumbai International Airport.
Cidco Vice Chairman and Managing Director Sanjay Bhatia has written letters to all stakeholders listing out the various initiatives it has taken on infrastructure and invited them to be a part of its large scale economic activity.
Some of the major infrastructure projects proposed by Cidco include the Rs 14,500-crore international airport, Rs 2,100 crore metro rail project, Rs 1,412 crore Nerul-Belapur- Uran railway project, Rs 1,450 crore Balganga Dam to ensure drinking water to the city, and several other works like coastal road and bridges.
The first phase of the long-pending airport is expected to commence operations from December 2018, Bhatia said in the letter.
The letter further said the government is reactivating the Mumbai Trans Harbour Link (MTHL), while JNPT is doubling its handling capacity to handle large ships and Cidco itself is developing a 600 sqmt township for the airport.
Realty players like Prajapati Developers and Moraj Developers have welcomed the initiatives of Cidco and assured to support the growth story of the city.
"Infrastructure development is key to any urban development and I am sure the various projects initiated by CIDCO will go a long way in Navi Mumbai's rapid progress. We are committed to contribute to shaping up the city as a truly world class city," Prajapati Developers Managing Director Rajesh Prajapati said.
Cidco has chalked out a plan to construct 6,000 affordable houses for the economically weaker sections, low income and middle income groups. Besides, it is also improving sports infrastructure by developing large open spaces into cricket and football grounds.
The corporation has also initiated steps to resettle the project affected people with increased compensation and land allotment of developed plots.
"This is bound to ensure smooth land acquisition and a trouble-free development," Moraj Developers Managing Director Mohan Gurnani said.
In the letter to the developers, Bhatia further said Cidco is stepping up its vigilance to ensure hassle-free transactions with its clientele, has hired third party project management and monitoring for all projects costing more than Rs 5 lakh and taken up a Rs 36 crore nature park project.
The project spread across 2,000 hectare will have walking trails, regeneration of forests, water conservation projects, viewing galleries, adventure camps and camping facilities, refurbishing of existing waterfalls and boulders' park.
