Four Nerul Cidco Plots Sold at ₹7.65 Lakh per Sq Metre
Representative image created by AI NAVI MUMBAI: Four Cidco tender plots in Nerul were sold to a developer on Thursday for an astonishing price of Rs 7.65 lakh per sq m. Real estate analysts suggest that the high price reflects the impending Navi Mumbai International Airport. However, activists express concern over the affordability of housing for working-class individuals, given the steep land prices. Parth Life Spaces, the winning bidder, will owe Cidco a total of Rs 1,500 crore for these four plots. Manohar Shroff, a partner at Shivam Builders, remarked: “The four adjacent plots in Nerul Sector 28, ranging from…