The City and Industrial Development Corporation (CIDCO) has announced the e-auction of 30 leasehold plots strategically located near the upcoming Navi Mumbai International Airport (NMIA). These plots, spread across various prime nodes of Navi Mumbai, are earmarked for residential, commercial, bungalow, service industry, storage, and warehouse purposes.
Also Read: CIDCO News Freehold Scheme Brings Big Relief to Navi Mumbai Homeowners
Why This Auction Matters
The timing of the announcement is significant, as Prime Minister Narendra Modi is set to inaugurate operations at Navi Mumbai International Airport on September 30, alongside flagging off the partial phase of Mumbai Metro-3 in South Mumbai. With the airport expected to transform Navi Mumbai into a major economic and real estate hub, demand for land parcels is likely to surge.
Auction Details at a Glance
- Number of plots: 30 leasehold plots
- Nodes covered: Kharghar, Kamothe, New Panvel, Ulwe, Dronagiri, and other CIDCO-developed nodes
- Auction mode: Online e-auction
- Auction date: October 16
- Result announcement: October 17
- Application portal: eauction.cidcoindia.com
CIDCO will publish a detailed booklet on September 29, containing the precise locations of these plots. Interested bidders can purchase the booklet from the official portal.
Also Read: CIDCO Lottery Offer 22,000 Houses in Navi Mumbai in 2025: How to Apply CIDCO Lottery Online
Navi Mumbai’s 14 Planned Nodes
Over the years, CIDCO has meticulously developed 14 nodes in Navi Mumbai, including Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, New Panvel, Ulwe, and Dronagiri. These areas were originally allotted on a 30-year leasehold basis, making them organized, infrastructure-ready hubs for both housing and business.
Leasehold to Freehold Conversion: A Game-Changer
In July 2025, CIDCO introduced a major policy shift by allowing conversion of leasehold residential plots into freehold. Eligible plot owners can now apply for conversion by submitting the necessary documents and paying a conversion fee, which is calculated as a percentage of the ready reckoner rate of the land. This move has already boosted buyer confidence in Navi Mumbai’s property market.
Also Read: Navi Mumbai Airport: Terminal 1, 2 & 3 | Domestic & International
Why Investors Are Eyeing This Opportunity
With Navi Mumbai International Airport nearing completion and Metro connectivity expanding, demand for residential and commercial spaces in the region is expected to soar. CIDCO’s auction of well-located plots offers investors, developers, and end-users a chance to secure land in a rapidly appreciating real estate corridor.
The City and Industrial Development Corporation (CIDCO) has announced the e-auction of 30 leasehold plots strategically located near the upcoming Navi Mumbai International Airport (NMIA). These plots, spread across various prime nodes of Navi Mumbai, are earmarked for residential, commercial, bungalow, service industry, storage, and warehouse purposes.
Also Read: CIDCO News Freehold Scheme Brings Big Relief to Navi Mumbai Homeowners
Why This Auction Matters
The timing of the announcement is significant, as Prime Minister Narendra Modi is set to inaugurate operations at Navi Mumbai International Airport on September 30, alongside flagging off the partial phase of Mumbai Metro-3 in South Mumbai. With the airport expected to transform Navi Mumbai into a major economic and real estate hub, demand for land parcels is likely to surge.
Auction Details at a Glance
- Number of plots: 30 leasehold plots
- Nodes covered: Kharghar, Kamothe, New Panvel, Ulwe, Dronagiri, and other CIDCO-developed nodes
- Auction mode: Online e-auction
- Auction date: October 16
- Result announcement: October 17
- Application portal: eauction.cidcoindia.com
CIDCO will publish a detailed booklet on September 29, containing the precise locations of these plots. Interested bidders can purchase the booklet from the official portal.
Also Read: CIDCO Lottery Offer 22,000 Houses in Navi Mumbai in 2025: How to Apply CIDCO Lottery Online
Navi Mumbai’s 14 Planned Nodes
Over the years, CIDCO has meticulously developed 14 nodes in Navi Mumbai, including Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, New Panvel, Ulwe, and Dronagiri. These areas were originally allotted on a 30-year leasehold basis, making them organized, infrastructure-ready hubs for both housing and business.
Leasehold to Freehold Conversion: A Game-Changer
In July 2025, CIDCO introduced a major policy shift by allowing conversion of leasehold residential plots into freehold. Eligible plot owners can now apply for conversion by submitting the necessary documents and paying a conversion fee, which is calculated as a percentage of the ready reckoner rate of the land. This move has already boosted buyer confidence in Navi Mumbai’s property market.
Also Read: Navi Mumbai Airport: Terminal 1, 2 & 3 | Domestic & International
Why Investors Are Eyeing This Opportunity
With Navi Mumbai International Airport nearing completion and Metro connectivity expanding, demand for residential and commercial spaces in the region is expected to soar. CIDCO’s auction of well-located plots offers investors, developers, and end-users a chance to secure land in a rapidly appreciating real estate corridor.
