CIDCO opens bids for Phase 1 of 925-acre Navi Mumbai logistics park

CIDCO has invited bids to lease 174 acres across 12 plots at the Pushpak Node Integrated Logistics Park, the first phase of a 925-acre development. Blackstone's Horizon, ESR, DP World, TVS Logistics and Hiranandani attended the pre-bid, signaling e-commerce-led warehousing demand around MMR.

— Source publishedSun, 17 May, 2026, 23:33 IST·First seen Sun, 17 May, 2026, 23:40 IST·Source ET Small Business

What happened

CIDCO invited bids for phase 1 of a 925-acre Integrated Logistics Park at Pushpak Node, Navi Mumbai, leasing 174 acres across 12 plots. Major warehousing

Key facts

  • 925 acres
  • 174 acres
  • 12 plots
  • 60-year lease
  • Rs 24,711 per sq metre
  • Rs 10 crore per acre

Why this matters

CIDCO's 925-acre masterplan creates a multi-year land pipeline where early Phase 1 winners gain scale optionality and tenant pre-leasing leverage, making this a strategic foothold play rather than a one-off plot acquisition.