The City and Industrial Development Corporation of Maharashtra Limited (CIDCO) was specially set up by the Govt. of Maharashtra as its fully owned company to plan and develop the new metro centre i.e., Navi Mumbai across the Mumbai harbour over a sprawling area of about 344 sq. kms.

Highlights of the 21st Century city:
Navi Mumbai

* All the startegic, locational advantage of Mumbai, and much more

* Reasonably priced commercial and residential real estate; with scope for healthy appreciation on investments

* Totally planned, well balanced and landscaped city

* Designed for life and commerce in 21st century India

* Most modern, world class infrastructure to match current and future needs, with basic infrastructure worth Rs. 40,000 m (US$ 930 m) already in place.

* Additional infrastructure projects, worth Rs. 50,000 m (US $ 1372 m) - including a domestic airport, an international exhibition centre, a central water transport terminal and an international convention centre - under implementation in the current phase.

* A quick-access Central Business District (CBD) located in the heart of the city; spread over an area of 575 hectares, 20 times larger than Mumbai's CBD.

* Comprehensive network of roads, bridges, flyovers, rail corridors and high-speed waterway system; to ensure smooth traffic flows even during congestion-prone peakhours.

* Its own seaport, the most modern, fully mechanised port in India; with a totally planned township dedicated to provide comprehensive support infrastructure.

* State-of-art telecommunications network; including a dedicated earth station to support a futuristic International Infotech Park.

* Direct access to other parts of the country through proposed domestic airport and mainline rail terminal; both located adjacent to the CBD; close proximity to the new international airport proposed for the entire Mumbai Metropolitan Region.