The highest bid that a CIDCO plot has received in Navi Mumbai.

A 5,526-square metre (sqm) residential-cum-commercial plot at Sanpada, Navi Mumbai, was sold at Rs 5.54 lakh per sqm rate in a CIDCO e-auction. This is the highest bid that CIDCO has received in Navi Mumbai, says a report by FPJ.

Located near Palm Beach Road, Sanpada, the plot has a base rate of Rs 1,14,089 per sqm— the winning bid was around 5x times this amount. While six bidders showed interest in this plot, DPVG Ventures emerged as the winner.

In Navi Mumbai, buildings can be constructed up to an elevation of 160.10 million above sea level (around 48 stories) after receiving approval from the Airports Authority of India.

While the plot can be developed with an FSI of 1.5, the developer can use an FSI of up to 5 vertically with the implementation of the Unified Development Control and Promotion Regulations.

Nov 27, 2022 06:32:04 102

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The highest bid that a CIDCO plot has received in Navi Mumbai.

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