The City and Industrial Development Corporation (CIDCO) has introduced a substantial increase in property transfer fees across Navi Mumbai, with the new rates coming into effect from April 1, 2025. Depending on the property type and size, fees will rise between five per cent and 10 per cent, while flats in registered housing societies and commercial shops will see a steep 50 per cent hike.
The updated charges will apply to key real estate hubs, including Airoli, Ghansoli, Koparkhairane, Vashi, Sanpada, Juinagar, Nerul, CBD Belapur, Kalamboli, Kharghar, Panvel, and Ulwe. The increase is aimed at aligning property transfer costs with the region’s market conditions and ongoing infrastructure development.
CIDCO officials confirmed that the decision was approved in the latest board meeting, making these revised rates applicable for the entire 2025-2026 financial year.
With the increased fees set to take effect, property transactions in Navi Mumbai are expected to be affected. Buyers and sellers must factor in these new costs, especially in high-demand areas where transfer fees have surged significantly.
While some experts believe the hike could slow down market activity, CIDCO maintains that the revision is necessary to keep pace with rising property values and the cost of urban development. The move is expected to generate additional revenue for infrastructure projects in Navi Mumbai.
For property owners who submitted transfer applications before April 1, 2025, the previous fee structure will remain unchanged. However, those planning real estate transactions in the coming months should prepare for the revised rates.
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