39 CIDCO plots in prime locations
The City and Industrial Development Corporation (CIDCO) has come up with 39 residential and commercial plots in developed nodes Vashi, Nerul, Ghansoli, Sanpada and Belapur. The plots will be allotted through the e-tendering and e-auction processes from October 12, 2021, on the CIDCO’s eauction website.
The planning agency has made available over 500 small and big plots across Navi Mumbai in the last year. These plots are available at prime locations. Recently, a plot in Belapur had attracted a lot of buyers, which finally went for over Rs 2 lakh per sq meter.
The details of bidder registration, application submission, payment of EMD, close bid and e-auction submission and scheme booklet is available on their e-auction website.
According to CIDCO officials, the scheme will benefit the revival of the hampered real estate sector due to pandemic and prolonged lockdown. Further, magnificent residential and commercial constructions on large plots will add up to the development of the city.
Of the 39 plots on offer, 17 plots are available in Ghansoli, 12 in Nerul, six in Vashi, two in Sanpada, and the remaining two plots in Belapur. The smallest plot is 143 sq.m, and the biggest is around 8772 sq.m.
Two plots are also in the same sector 15 in Belapur, where another plot had attracted over Rs 2 lakh per sqm. Similarly, plot offer in sector 18 in Sanpada (off Palm Beach Road) is one of the prime locations. A similar plot in sector 18 had attracted over Rs 2.8 lakh per sq meter early this year.
While the base price of these plots ranges from Rs 34,500 to Rs 97,778 per sqm, and these plots can be developed with 1.1 FSI.
Navi Mumbai has gained smooth connectivity due to its suburban railways, highways, and network of internal roads.
Soon the city will be connected to the world, with the development of Navi Mumbai International Airport. Moreover, the public transportation system will become more capable with the development of the Navi Mumbai Metro.
The commercial sector of the city will soar high with the development of the proposed International Corporate Park.