City and Industrial Development Corporation (CIDCO) has prepared a plan to develop a smart city in Navi Mumbai and has envisaged an investment of Rs 34,777.40 crore which will be completely funded by the authority.
Maharashtra Chief minister Devendra Fadnavis will make the announcement for smart city 'Navi Mumbai South' on December 4 during a two-day exhibition to be organised by CIDCO here.
"Navi Mumbai is now working meticulously to make the developing nodes of South Navi Mumbai a smart and eco-friendly habitat. Indeed, the development plan of the South Navi Mumbai is poised to make it a future destination for smart and sustainable living", CIDCO Vice Chairman and Managing Director Sanjay Bhatia told reporters here.
He said the smart city project will be self-financed and CIDCO will not take funds from the government. He further added the development project reports (DPR) of the proposed projects are also ready and most of the smart city projects are expected to be completed by 2019.

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