CIDCO Full Form And Information
City And Industrial Development Corporation Of Maharashtra Limited
Dear Mates, welcome to FullFormsDetailed. Talking about CIDCO Full Form And Information. In this post you will get the first CIDCO full form along with specific details about CIDCO. So read this post till the end.
 |
| CIDCO Full Form And Information |
History/Introduction of CIDCO
CIDCO is a state public sector undertaking listed under companies act in March, 1970. CIDCO organized a development plan for Navi Mumbai to cover 95 villages from Thane to Raigad district covering a total area of 343.70 sq km. This was accepted by the Government of Maharashtra in August, 1979.
What is the full form of CIDCO?
CIDCO full form is City And Industrial Development Corporation Of Maharashtra Limited.
What is CIDCO property?
➤ City and Industrial Development Corporation of Maharashtra Limited (CIDCO) is a city development agency in India and the most wealthy Indian government authority formed and accomplished by the authority of Maharashtra. CIDCO was recognized on 17 March, 1970 under the Companies Act 1956 in India.
➤ The main vision at the time of creation was to grow a satellite town in the capital of Maharashtra, which is Mumbai and now it is working as a Special Planning Authority (SPA) and New Town Development Authority (NTDA) of the Government of Maharashtra.
➤ Generating a new city by forecasting and evolving an entire urban infrastructure that will execute large-scale development projects and suggest municipal services. These projects contain Navi Mumbai Metro and Navi Mumbai International Airport.
➤ CIDCO the builder was combined in the year 1970 and is regulated by Shri Pramod Hindurao the Chairman and Shri Sanjay Bhatia the Vice Chairman and the Managing Director.
What is the CIDCO lottery?
The CIDCO lottery is designed at the providence of low-cost houses to the General category homebuyers and Economically Weaker Section (EWS). Out of the 5730 housing units accessible under CIDCO Lottery 2022, over 1524 tenements are accessible under the EWS Pradhan Mantri Awas Yojana (PMAY).
What does CIDCO do?
In order to accomplish these goals, CIDCO started to progress land and provide the required physical infrastructure such as bridges, roads, drinking water systems, and street lights, drainage and sewerage systems.
Role and functions of CIDCO
➛ This consultant or authority has to make the outline of industrial reform. Which can offer work employment and opportunities to the people of the area.
➛ CIDCO is in charge of offering social and physical facilities to the people living in Navi Mumbai.
➛ It was set up to make what is an important load on Mumbai's physical structure and by offering changes will hold up to the increasing need and demand in Navi Mumbai.
➛ The consultant or authority is also bound to offer a good environment for standard urban living in which there is no communal and social tension.
➛ Responsible for providing for the increasing population of the Mumbai area and inviting them to live in Navi Mumbai by generating suitable structure and housing options.
Conclusion
There are plans to progress Navi Mumbai as an urban city to relieve congestion in this Indian financial city of Mumbai which is already loaded due to migration. To progress a new public sector, CIDCO took up the concern.
Read more↴
Thank you!🙂🙏
