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CIDCO MAPS OUT GLOBAL

funcity-1Theme park, golf course, science park, SEZ, an international airport and now a fun city at an estimated cost of Rs 5,000 crore. CIDCO is doing all it can to lure investors and buyers to Navi Mumbai but will the fun city project just be another ambitious CIDCO dream on paper. CIDCO the planning and development authority for Navi Mumbai, has planned an ambitious project to create an international standard fun city in one of its suburbs. CIDCO officials inform that the Kharghar plateau selected for the auction will have 60% of the total 250 acres reserved for a theme park, while 40% would be earmarked for real estate. The proposed project, at a hill plateau in Kharghar, will have a theme-cum-entertainment city as big and complete as Disneyland in the US or Sentosa Park in Singapore. The corporation has invited global bids with a reserve price of Rs 2,000 crore for the project. CIDCO is trying all it can to envisage Navi Mumbai as a global city. However looking at the pasts records of CIDCO’s major projects like the Central park at Kharghar which is nothing but a barren land till now, many people have many doubts about its fun city project. The bidding for the project is expected to be over by December 4.

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