CIDCO Development
The City and Industrial Development Corporation (CIDCO) was formed on 17 March 1971, under the Indian Companies Act, 1956.. The area covered 150 kilometres (93 mi) of the total 720 kilometres (450 mi) of the Konkan coast. Privately owned land conisisting of 86 villages covering 15,954 hectares (39,420 acres) within the present limits of Navi Mumbai and further villages measuring an additional 2,870 hectares (7,100 acres) were acquired by the government of Maharashtra.
CIDCO carved out 14 nodes—small townships—with a view towards facilitating comprehensive development. These nodes are named Airoli, Ghansoli, Kopar Khairane, Vashi, Sanpada, Nerul, CBD Belapur, Kharghar, Kamothe, New Panvel, Kalamboli, Ulwe, Pushpak, and Dronagiri. CIDCO acquired 193.94 square kilometres (74.88 sq mi) of land, of which 141.05 square kilometres (54.46 sq mi) was private land, 22.92 square kilometres (8.85 sq mi) salt-pan land and 52.89 square kilometres (20.42 sq mi) government land. By 2000 CIDCO had developed about 117.60 square kilometres (45.41 sq mi) of land. Of this land, 54.45 square kilometres (21.02 sq mi) is saleable under various land uses. CIDCO has sold about 21.90 square kilometres (8.46 sq mi) leaving a balance land for sale about 32.58 square kilometres (12.58 sq mi) under various land uses.
CIDCO planned and constructed all the railway stations in Navi Mumbai and developed nearby areas commercially.
In 1973 the Creek Road Bridge, Vashi Bridge, was opened to the public for residents of Vashi, Belapur, and Nerul. The Sion Panvel Expressway was built to reduce the time taken to travel from Sion to Panvel. Initially there was not much response to the new city. Major changes took place only after 1990, with the commissioning of a wholesale agricultural produce market at Vashi and the construction of a commuter railway line from Mankhurd to Vashi in May 1992. These developments caused a sudden growth in economic activities and population in Navi Mumbai.
Read more about this topic: Navi Mumbai, History
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