CIDCO, the real-estate agency

Books of Account
Beyond Relocation
Renu Modi
( http://www.sagepublications.com/ )

Iniquitous acquisition

In the 1970s, the City and Industrial Development Corporation (CIDCO), as the sole development authority for the New Bombay region, initiated the process of land acquisition in 54 villages, and acquired more than 16,000 ha (hectare) of private lands in phases. And the pace of acquisition was accelerated in the late 1990s, recounts R. N. Sharma in one of the essays included in Beyond Relocation: The imperative of sustainable resettlement, edited by Renu Modi.

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