The much awaited NAINA (Navi Mumbai Airport Influence Notified Area) project has finally been cleared by the state urban development department (UDD), signalling commencement of its first phase of development in 23 villages of Panvel taluka, covering 37 sq km. Developers and property agents in Navi Mumbai and Mumbai welcomed the move as it will open up a huge quantum of land for development. Cidco, the planning agency , will spend nearly Rs.12,600 crore over 10 years on infrastructural development within NAINA.
Navi Mumbai builders had objected to steep development charges proposed for buildings in NAINA.“The development charges have been reduced, as land ready-reckoner rates will be referred to for building projects, which are on the lower side,'' said Cidco spokesperson Mohan Ninave.
Ninave added that an attractive FSI of 1.7 to 2 will be offered to developers. He said 40% area will be reserved for basic city infrastructural development, including roads, recreational spaces, community centres and public amenities.

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