CIDCO Navi Mumbai: Only 17 Seawoods flats for Rs 28,000 a sq ft

navimumbaiBy Accommodation Times Bureau


The City and Industrial Development Corporation of Maharashtra (Cidco) has surprised the local property market by increasing the rate of 17 vacant flats in the booming market Seawoods Estate. The current rate of this complex is Rs 14,000 -16,000 sq ft and it increased to Rs 28,875 sq ft. This building is known as NRI Complex.

The rates increased due to the surrounding area which is rapidly developing with major infrastructure projects like the international airport and trans-harbour bridge connecting  Navi Mumbai and Mumbai coming up, according to Cidco officials.

“The price quoted is similar to Ghatkopar and higher than Mulund in the eastern suburbs for a high-end buyer,” according to Builders’ Association of Navi Mumbai president Haresh Chheda. This housing scheme, developed in two phases, has apartments and duplex penthouses.

CIDCO consultant (marketing) Vivek Marathe said, “Seawoods Estate is a six-acre verdant complex. Delhi Public School is a short walk away, L&T Seawoods Mall a 10-minute drive away, and a shopping complex with restaurants in be lapur walking distance. Besides, residents can enjoy golf at Kharghar.”

Cidco developed the Seawoods Estate complex on stilt plus 18-storey buildings on a sprawling landmass along the scenic Palm Beach Road.

The apartments have been put up for online sale for the first time in a lottery scheme (https: lottery online scheme along the lines of MHADA ensures transparency.

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