City and Industrial Development Corporation

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City and Industrial Development Corporation

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Agency overview
Formed	1970
Jurisdiction	Government of Maharashtra
Headquarters	CIDCO Bhavan, CBD Belapur, Navi Mumbai, Maharashtra
Minister responsible	Eknath Shinde, Chief Minister and Minister for Urban Development
Agency executives	Chairman Shri. Vijay Singhal IAS[1], Vice-Chairman and Managing Director
Parent agency	Government of Maharashtra
Website	www.cidco.maharashtra.gov.in

The City and Industrial Development Corporation of Maharashtra (CIDCO) is an Indian city planning agency and richest government authority in India which is formed and controlled by the Government of Maharashtra. CIDCO was formed on 17 March 1970 under the Indian Companies Act of 1956; its purpose at the time of its creation was to develop a satellite town to Mumbai, Maharashtra, and now functioning as New Town Development Authority (NTDA) and Special Planning Authority (SPA) of Government of Maharashtra for development of new towns by planning and developing entire urban infrastructure, providing municipal services, executing large scale infrastructure projects including Navi Mumbai International Airport and the Navi Mumbai Metro. CIDCO also launched India's first smart city project.^[2] CIDCO has ownership of all plots in new cities, underutilised funds about Rs 40,000 crore and reserved Land Bank; which makes CIDCO the richest government authority.^[3]

The Navi Mumbai 21st Century city project, which is one of the largest planned cities in the world, is developed and owned by CIDCO. The Navi Mumbai project comprises Navi Mumbai Municipal Corporation, Panvel Municipal Corporation, TTC (Trans Thane Creek) MIDC, Uran Municipal Council, Navi Mumbai International Airport, Navi Mumbai Special Economic Zone, and the JNPT Port which is the largest container port in India.