Excerpt from Mid-Day, reported by Saurabh Katkurwar on 2011-09-13 : Read Full Article
For house hunters in Navi Mumbai here is a piece of good tiding. The City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO) has decided to build about 12,000 flats for all-income groups in Navi Mumbai in the next three to five years.
The Board of Directors has approved the construction of the flats in Vashi, Ghansoli, Kharghar, Panchnad and Taloja nodes.
At least 1,118 flats will be built for High Income Group (HIG) and Middle Income Group (MIG) in Kharghar node in the first phase of the mega project.
“We have got principle approval for construction of 1,118 flats for HIG and MIG,” said Keshav Warkhedkar, chief engineer of CIDCO. “With Floor Space Index (FSI) of 1.5, 712 flats with carpet area of 611 square feet will be built for MIGs in 14 buildings, while 406 flats with carpet area of 1,070 square feet will be constructed for HIGs in eight buildings. All the buildings will come up in six hectares of land in Sector 36 of Kharghar node.”