A 2,459-square metre (sqm) residential-cum-commercial plot at sector 4, plot no 23, Nerul, Navi Mumbai, was sold at Rs 6,72, 651 per sqm rate in a CIDCO e-auction. This is the highest bid that CIDCO has received in Navi Mumbai.
Located near the Palm Beach Road, Nerul, the base rate of plot no 23 at sector 4 with FSI of 1.5 was Rs 1, 04,301. The winning bid was around 6.5 times this amount made by Aramus Heaven LLP, who will pay around RS 165.50 crore lease premium to CIDCO plus 18 % GST. The Earnest Money Deposit (EMD) fee paid to participate in the CIDCO e-auction of this plot was Rs 2,56,51,058.00 . This Nerul plot was part of the 13 residential as well as commercial plots offered by CIDCO across Navi Mumbai nodes including Ghansoli, Koperkhairane and Nerul in March 2023.
In November 2022, CIDCO had sold a Sanpada plot for 5 times the base rate, a highest bid that Navi Mumbai received which was outdone by the Nerul plot, in March 2023.
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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