Five plots of the City and Industrial Development Corporation (Cidco) in Nerul and CBDBelapur fetched record prices on Thursday , ending in total earnings of Rs 235 crore.
A residential-cum-commercial plot in Nerul's Sector 44 went for Rs 2.82 lakh per sq metre. Sawan Developers will pay Rs 45.19 crore for the 1,601 sq m plot.
A commercial plot in CBD-Belapur's Sector 15 went for Rs 1.85 lakh per sq metre. The bidder was a firm of the Aditya Birla Group. The total price of the 4,000 sq metre plot came to Rs 74 crore.
Just a year ago, commercial land rates in Belapur were in the range of Rs 1.051.25 lakh per sq metre.
Cidco spokesperson Mohan Ninawe said, “Tenders were opened today , for which there were 83 bids.The high rates show Navi Mumbai is much wanted in the realty sector. The international airport project and the upcoming NAINA (Navi Mumbai Airport Influence Notified Area) smart city are adding value.“
Three residential-cumcommercial plots in Nerul went for Rs 2.11 lakh per sq m, Rs 2.26 lakh per sq m, and Rs 2.31 lakh per sq m. Manohar Shroff, secretary of the Navi Mumbai chapter of Maharashtra Chamber of Housing Industry (MCHI), said, “In the already-developed nodes of Navi Mumbai, land is scarce. That's why the five plots created records.“
But mid-level realty players feel the hype associated with such land sales affects business in far-flung areas.“In the outskirts of Panvel, Ulwe and Dronagiri, sales of individual residential units is not fast. This reality is in sharp contrast to what happened on Thursday . For us, business is sluggish,“ said real estate broker Nitin Kandhari.
No comments:
Post a Comment