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CIDCO approves six-year construction period from plot possession

CIDCO has granted the extended period due to the project's national importance and to ensure smooth development of the plots. If construction is not completed within the six-year period, land holders will need to apply for an extension.

The government of Maharashtra’s city planning authority, the City and Industrial Development Corporation (CIDCO), has approved a construction period of six years from the date of possession for construction on the plot allotted to people affected by Navi Mumbai International Airport project.

As per CIDCO’s prevailing policy, a period of four to six years is provided from the date of agreement for construction on plots allotted to CIDCO Project Affected People (PAP) under the Rehabilitation and Resettlement Scheme.

However, as a special case, CIDCO has approved a construction period of six years from the date of possession for construction on the plot allotted to Navi Mumbai International Airport project affected people.

“As per the directives of Chief Minister Eknath Shinde and considering the contribution of the PAP’s of Navi Mumbai International Airport to a project of national importance, as a special case a period of six years from the date of possession of plots has been granted to complete the construction. Due to this, the project affected people will be able to develop the plot smoothly,” said Anil Diggikar Vice Chairman & MD, CIDCO.

As per the prevailing policy, the construction period is counted from the date of agreement. However, following the new resolution, now the affected people of the airport project will be able to complete the construction within six years from the date of possession of the plot.

As the said period of six years is valid for completion of construction, the land holders will not need to apply for an extension of construction period till the prescribed period.

CIDCO, however, has also highlighted that if the construction is not completed after the expiry of the said period of six years, it will be mandatory for the land holders to extend the construction period and apply for extension of the construction period as per the rules.

SourceETREALTY
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