CIDCO Unveils ₹16,250 Crore Budget for 2026-27 Focused on Infrastructure and Housing
CIDCO announces Rs 16,250-crore budget
The Indian Express
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The City and Industrial Development Corporation (CIDCO) has announced a budget of ₹16,250 crore for the fiscal year 2026-27, projecting a surplus of ₹100 crore. The budget emphasizes infrastructure, connectivity, and housing developments in Navi Mumbai, including significant projects like Metro lines and affordable housing initiatives.
- 01CIDCO's budget for 2026-27 is ₹16,250 crore, with expected revenue matching this amount.
- 02A surplus of ₹100 crore is projected for the upcoming fiscal year.
- 03Key infrastructure projects include Metro lines and economic districts around Navi Mumbai.
- 04CIDCO plans to provide 19,300 affordable housing units in 2026-27, building on previous efforts.
- 05The budget aims to position Navi Mumbai as a major economic and investment hub.
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The City and Industrial Development Corporation (CIDCO) has announced a budget of ₹16,250 crore for the fiscal year 2026-27, with an anticipated revenue of the same amount and an expenditure of ₹16,150 crore, resulting in a surplus of ₹100 crore. This budget highlights CIDCO's commitment to enhancing infrastructure, connectivity, and housing in Navi Mumbai. In the previous fiscal year, CIDCO reported a revenue of ₹9,774.23 crore and an expenditure of ₹9,770.26 crore, yielding a small surplus of ₹3.97 crore. Key projects include the development of Metro line 8 connecting Navi Mumbai International Airport to Chhatrapati Shivaji Maharaj International Airport (CSMIA), as well as economic districts like AeroCity, EduCity, and MedCity. Additionally, CIDCO plans to offer 19,300 affordable housing units in 2026-27, following the provision of 16,876 units in the previous year. Vice Chairman and Managing Director Vijay Singhal emphasized that this budget reinforces CIDCO's vision for Navi Mumbai as a significant economic and investment hub.
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The budget aims to improve infrastructure and housing in Navi Mumbai, potentially increasing property values and enhancing living standards for residents.
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