On Tuesday, the City and Industrial Development Corporation (CIDCO) revealed its budget for the fiscal year 2026-27, amounting to Rs 16,250 crore. This budget outlines the organization’s goal to generate revenues of Rs 16,250 crore while anticipating expenditures of Rs 16,150 crore, which would leave a surplus of Rs 100 crore.
The primary focus of this budget is on enhancing infrastructure, improving connectivity, and providing housing solutions.
In the previous fiscal year, 2025-26, CIDCO reported revenues of Rs 9,774.23 crore, with expenditures of Rs 9,770.26 crore, resulting in a modest surplus of Rs 3.97 crore.
Significant infrastructure initiatives underway include the development of Metro Line 8, linking Navi Mumbai International Airport with Chhatrapati Shivaji Maharaj International Airport (CSMIA), along with Line 1A (Belapur to NMIA) and Line 2 (Pendhar to NMIA Terminal-4). Additionally, an elevated corridor is being constructed between Thane and NMIA through a public-private partnership model. CIDCO is also working on multiple economic districts around the NMIA, collectively referred to as Mumbai 3.0, which includes a business and hospitality hub named AeroCity, EduCity featuring ten international universities, and MedCity designed as a healthcare and research center. Other developments include a corporate park in Kharghar and an integrated logistics park, complemented by various water supply initiatives.
Regarding housing, CIDCO has made 16,876 affordable housing units available in 2025-26 and plans to introduce an additional 19,300 affordable homes in 2026-27.
Vijay Singhal, the vice chairman and managing director, stated, “CIDCO’s Budget for FY 2026–27 underscores our dedication to advancing infrastructure, connectivity, and quality housing. With the construction of the Navi Mumbai International Airport, the development of AeroCity, and plans for EduCity and MediCity, combined with improved connectivity through Metro Line 8 and Line 2, as well as the upcoming International Corporate Park and various strategic development initiatives, Navi Mumbai is set to become a prominent economic and investment center.”
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