%20(1)%20(1).png)
CIDCO Selects Nippon Koei as L1 Bidder for Navi Mumbai Aerocity Master Plan: A ₹5.15 Crore Blueprint for Mumbai’s Future Hub
- Ajjay Bhagyakar
- Oct 4
- 3 min read
Author: Ajjay Bhagyakar Published By: Griha Realty Source: X.com, News Reports
Nippon Koei Wins Master Plan Mandate for CIDCO’s 670-Acre Navi Mumbai Aerocity, Paving Way for Mega Mixed-Use Development
( Navi Mumbai Aerocity Master Plan ) The blueprint for one of Maharashtra’s most ambitious real estate and infrastructure projects—the Navi Mumbai Aerocity—is set to be drafted by a global expert. The City and Industrial Development Corporation (CIDCO) has reportedly designated Japanese infrastructure consultancy Nippon Koei India Private Limited as the L1 (Lowest) bidder for preparing the comprehensive Master Plan, Development Strategy, and Transaction Advisory Services for the 670-acre mega-development adjacent to the Navi Mumbai International Airport (NMIA).
This significant development, initially reported on the social media platform X, signals CIDCO’s acceleration of the Aerocity project ahead of the new airport’s anticipated operational launch.
The Bidding Details: A Competitive Edge
Nippon Koei emerged as the lowest bidder, quoting a fee of ₹5.15 Crore. The competition was substantial, with global real estate services giant Cushman & Wakefield reportedly securing the L2 position with a bid of ₹6.9 Crore.
The consultant's mandate is comprehensive and crucial, covering:
Master Plan Preparation: Creating a world-class, futuristic urban design for the 670-acre township.
Development Strategy: Outlining the phased execution and investment plan.
Transaction Advisory Services: Guiding CIDCO on effective market linkages and investor engagement for commercial development and land monetization.
Vision for the 670-Acre Aerocity
The Navi Mumbai Aerocity is not merely a residential complex; it is envisioned as a self-sustaining economic and lifestyle hub designed to complement the international airport. The project is strategically located in Ulwe and aims to ease pressure on Mumbai’s core business districts by offering a planned urban ecosystem.
Key features of the planned development include:
Mixed-Use Zoning: CIDCO plans a balanced allocation, with approximately 123 acres each dedicated to residential, commercial, and retail developments.
Economic Drivers: The Master Plan will integrate zones for financial services, corporate offices, export-oriented enterprises, and aero-centric warehousing, positioning it as a key logistics and business hub.
Social Infrastructure: It will incorporate supporting infrastructure such as world-class hotels, hospitals, educational institutions, and entertainment facilities, ensuring a high-quality urban lifestyle.
Real Estate Implications for Griha Realty Clients
For investors and homebuyers, the selection of a globally renowned consultant like Nippon Koei marks a commitment to meticulously planned and high-quality infrastructure.
The project’s strength lies in its unparalleled connectivity:
Airport Connectivity: Direct adjacency to the Navi Mumbai International Airport (NMIA).
MTHL (Atal Setu): Seamless access to South Mumbai via the Mumbai Trans Harbour Link, drastically cutting travel time.
Mass Transit: Integration with the Navi Mumbai Metro lines and suburban rail network.
Real estate experts project that property values in the Aerocity region are poised for significant appreciation, mirroring global trends seen around major airport hubs. The planned nature of the city, which includes dedicated zoning and robust infrastructure from day one, makes it particularly attractive to high-net-worth individuals, aviation professionals, and corporate entities seeking long-term, stable investment opportunities in the Mumbai Metropolitan Region (MMR).
This initiative by CIDCO is a critical step in establishing Navi Mumbai as a global city, offering a rare opportunity for planned development that could redefine urban living in the region.
You can learn more about the fast-tracked plans for the project here: Navi Mumbai To Get 667-Acre Aerocity: Planning Body Initiates Process After State Fast-Tracks Plans.
Comments