Navi Mumbai plot gone for Rs. 2.12 Lakh per sq. mtr.

By Accommodation Times Bureau

Navi Mumbai : CIDCO, planning and developing authority of Navi Mumbai, successfully auctioned a prime residential cum commercial plot in Nerul, Navi Mumbai for Rs.2,12,000/- per sq. mtr. Green Estate Group bidded for the highest price offered.
Second bid was for Rs.1,65,000/- per sq. mtr. In the slag market, this deal seems to be a proxy war between the builders and developers where sabotaging of business within the community is not ruled out.
“This is not a good move. We require reforms and let the price be settled so that buyers can come. ” Says Manohar Shroff, Secretary MCHI Navi Mumbai unit.

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