CIDCO e-Auction 2025 for Navi Mumbai Plots
If you’re looking to buy land in Navi Mumbai, the CIDCO e-Auction 2025 is a great opportunity. CIDCO, the City and Industrial Development Corporation of Maharashtra, is holding online auctions for residential and commercial plots in popular areas like Nerul, New Panvel, Vashi, Kalamboli, and Ghansoli. This article will help you understand what the CIDCO e-Auction is, how to register, how to bid, and how to check the results easily.
Overview of CIDCO and Why e-Auction 2025 Is Important
CIDCO stands for City and Industrial Development Corporation of Maharashtra. Set up by the Maharashtra government in 1970, it was created to plan and develop new urban areas to reduce the heavy pressure on Mumbai. CIDCO is known for building Navi Mumbai and currently works on projects like the Navi Mumbai International Airport and Navi Mumbai Metro. Its aim is to create smart, modern cities where people can live and work comfortably.
Through e-Auctions, CIDCO sells land plots to individuals and companies online, making the buying process clear and fair. The 2025 e-Auction offers plots in prime Navi Mumbai locations that are growing quickly and have great potential for homes or businesses.
Who Can Participate in CIDCO e-Auction 2025?
- Indian citizens legally allowed to sign contracts
- Registered companies under the Indian Companies Act
- Partnership firms registered under the Indian Partnership Act
- Entities with valid partnership agreements
How to Apply for CIDCO e-Auction 2025
- Go to CIDCO’s official e-auction website.
- Click on the “Bidder Registration Link” on the homepage.
- Fill out the registration form with your login details, choose your bidder type (individual, firm, etc.), and provide your permanent address.
- Enter your bank details including account holder name, account number, IFSC code, and bank branch.
- Add personal info like your name, PAN number, Aadhaar details, email, and mobile number.
- Agree to the terms and submit the form.
- Verify your mobile number with the OTP sent to you.
- Upload the required documents as instructed.
- Once your application is approved, you will be registered as a bidder.
How to Bid Online for CIDCO e-Auction 2025
- Log in to your bidder account on the CIDCO e-auction platform.
- Check live auction details on your dashboard.
- Pay the processing fee of about Rs 1000 plus GST and a token earnest money deposit (EMD) of roughly Rs 29.50 crores.
- Place your bid by entering the highest price you’re willing to offer for the selected plot.
- If you don’t take part actively in bidding, your initial sealed bid will be considered final.
- The highest bidder at the end of the auction wins the plot.
Where to Check Important Dates and Results?
To stay updated on auction dates and results, follow these steps:
- Visit the CIDCO auction official website.
- Click on the “Important Dates” link on the homepage to see auction schedules.
- To view auction results, click on “Auction Result” in the left menu.
- Select the auction you want and click “View” to open and download the results PDF.
Understanding EMD (Earnest Money Deposit) Refund
You need to pay the EMD before bidding. After the auction ends, the winner’s EMD will be adjusted against the plot cost, while all other bidders will get their EMD refunded.
Important Points to Keep in Mind Before Bidding
- EMD payment must be made before the auction closes.
- Only eligible participants who have paid the fees can bid.
- Winners must complete all payments and claim their plot within 30 days.
- Plots cannot be used for purposes other than what CIDCO allows.
- Plot costs do not include GST, municipal taxes, stamp duty, registration fees, lease rent, and other charges.
- Once you submit an offer, there is a three-month cooling-off period during which you cannot withdraw without losing your EMD.
Contact Details
For general questions, call center: 022-62722250
For technical support, helpline: 022-62722250
Stay informed and prepare well to get the most out of the CIDCO e-Auction 2025 and own a plot in the fast-growing Navi Mumbai area.