The City and Industrial Development Corporation (Cidco) has identified a 100-hectare site in Karanjade, Panvel, for India's first International Educity, strategically located near the Navi Mumbai International Airport (NMIA). This ambitious project aims to create an integrated cluster of foreign universities, research centers, and student housing, positioning Navi Mumbai as a global education destination. Cidco Vice Chairman and Managing Director Vijay Singhal emphasized that this initiative would significantly reduce the need for Indian students to study abroad, offering world-class educational facilities at a lower cost. Currently, six foreign universities, including the University of York and the University of Western Australia, have signed agreements to establish campuses in the township. The total investment for the project is estimated to be between ₹20,000 crore and ₹25,000 crore, with ₹890 crore already allocated for preparatory works. The site's connectivity to major transport links and infrastructure developments will further enhance its appeal as a strategic education hub, fostering local economic growth and job creation.