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The City and Industrial Development Corporation of Maharashtra (CIDCO) is an Indian city planning agency and richest government authority in India which is formed and controlled by the Government of Maharashtra. CIDCO was formed on 17 March 1970 under the Indian Companies Act of 1956; its purpose at the time of its creation was to develop a satellite town to Mumbai, Maharashtra, and now functioning as New Town Development Authority (NTDA) and Special Planning Authority (SPA) of Government of Maharashtra for development of New Towns by planning and developing entire urban infrastructure, providing municipal services, executing large scale infrastructure projects including Navi Mumbai International Airport, Navi Mumbai Metro. CIDCO also launched India's first smart city project. CIDCO has ownership of all plots in new cities, underutilised funds about Rs 40,000 crore and reserved Land Bank; which makes CIDCO richest Government Authority.
The Navi Mumbai 21st Century city project, which is one of largest planned cities in the world, is developed and owned by CIDCO. Navi Mumbai project comprise Navi Mumbai Municipal Corporation, Panvel Municipal Corporation, TTC (Trans Thane Creek) MIDC, Uran Municipal Council, Navi Mumbai International Airport, Navi Mumbai Special Economic Zone & JNPT Port which is the largest container port in India.
referencePosted on 30 Apr 2022, this text provides information on Miscellaneous in Maharashtra Government related to Maharashtra Government. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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