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Nmsez
By property vertical
Introduction Navi Mumbai is a modern township spread over an area of around 350 sq. km., and been planned, designed and developed by CIDCO. CIDCO has developed high-quality infrastructure facilities in the Navi Mumbai area including housing complexes, industrial infrastructure, business districts, road & railway linkages, educational and recreational facilities, etc. NMSEZ is spread over an area of approximately 4,377 hectares (around 44 square kilometres), and comprises of four zones, Dronagiri, Kalamboli, Ulwe and the regional park zone (RPZ) of 1,850 ha. In addition, 300 hectares of land adjacent to the port is proposed to be contributed by JNPT. CIDCO has already acquired the land in the zones of Dronagiri, Kalamboli and Ulwe.
NMSEZ is the only new SEZ in India where the land except the regional park zone is in possession of the project sponsor. This reduces the possibility of any regulatory delays on account of land transfer and improves time to market for the SEZ. Some zones like Dronagiri and Kalamboli have been partially developed. The existing development includes basic infrastructure such as access roads, master water supply and sewerage network, and a few commercial and residential complexes. However, no development has commenced in the Ulwe zone. The RPZ is proposed as a green belt and no industrial activity is envisaged in this zone. This zone could be utilised for recreational activities and proposed infrastructure in the zone includes a club house, golf course and other recreational facilities amenities. Navi Mumbai is well connected to Mumbai both by wide roads and mass rapid rail systems. The domestic and international airport Chatrapati Shivaji International Airport
- is just 90 minute drive from Navi Mumbai. In addition to the existing infrastructure, new projects are on the table. These include a proposed new international airport,which is to be located at Navi Mumbai (estimated project cost around USD 2 billion). The airport has already been approved by the State Government and is in advanced stages with respect to Central Government approval. Other proposals include the proposed sea-link between Mumbai and Navi Mumbai which will land in the SEZ (estimated project cost around USD 1.5 billion). The development of these planned facilities is likely to be accelerated on account of demand generated due to the SEZ Project as well as fiscal incentives offered by the State Government. NMSEZ - Land and location, characteristics and existing development Zones in the SEZ area have different characteristics in terms of location (proximity to port, residential complexes/townships, etc.) and land characteristics (soil characteristics, terrain, etc.). Further, development has commenced in certain CIDCO and it proposes to develop the project phases as follows; Phase I: Minimum 1,000 ha of land located in the Dronagiri zone , Phase II: Balance land located in the Dronagiri zone and 400 ha of land located in the Ulwe zone , Phase III: 350 ha of land located in the Kalamboli zone CIDCO proposes to finalise the development phasing plan and the indicative time frame for development of all the phases in consultation with the prospective strategic investors. Acquire information on Real Estate at http://www.propertyvertical.com For information on Real Estate Property in Delhi, Gurgaon and surrounding areas Visit http://www.propertyvertical.com/delhi
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