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Navi Mumbai to soon be a hub for affordable housing

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Sunday, 31 August 2014 - 5:50am IST | Agency: DNA Sudhir Suryawanshi Share on Facebook Share on Twitter Share on Google+ Share on Reddit If you are planning to buy a house soon, Navi Mumbai will soon be a good place to look. In the next nine months, 4,750 acres of land is going to be available for residential construction due to a change in policy. Where did this land come from? The City and Industrial Development Corporation (Cidco) recently issued a notification freeing 350 hectares (875 acres) of 1,500 hectares of land for residential construction. Earlier, this land was a regional planning zone, where most plots and its surrounding areas were reserved for the government to build gardens,...

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