Plot Was Sold For An All Time High In Navi Mumbai Rs. 554,000 per square meter
The main reason Navi Mumbai was built was to accommodate the city of dreams’ expanding population. The areas and localities of Navi Mumbai are either well-developed or developing quickly, which makes the city a great investment location for investing in Land and Plots that could potentially yield excellent appreciation. A planned satellite city of Mumbai, Navi Mumbai is located on the western coast of Maharashtra, India. It is currently the world’s largest planned city. The explosive growth plans the govt has for Navi Mumbai will undoubtedly be advantageous to land investors. The demand for Navi Mumbai’s real estate market is skyrocketing due to planned projects and people gradually moving to these areas. Although Navi Mumbai costs are currently lower than Mumbai costs, they may increase over the coming years.
Last week, The Navi Mumbai real estate market was ignited when one of the 28 plots offered for sale by the City and Industrial Development Corporation (Cidco) sold for a record-breaking Rs 554,000 per square metre. The reserve base price set by Cidco at Rs. 114,000 per square meter was more than five times this amount.
The winning bidder was Dinesh Pasoria of DPVG Ventures. The best seafront lots on Palm Beach Road are all gone except for this one. It fetched a record price because of this.
Conclusion
Put Navi Mumbai among the top cities on your list if you’re investing in land and plots in 2023 and looking for higher returns. In fact, investing in land and plots in Navi Mumbai can yield handsome returns in the coming years.
I was very happy with the service provided. Gangadhar was very prompt and responsive at all the time till the completion of transaction.
Umesh Shanbhogue
21. June, 2023.
It has been an incredible and wonderful experience having Mr. Gangadhar Gowda's support and advice during the purchase of our flat. He is a good advisor and counselor! We are grateful to him for making the process much easier than it could be.
Pushparani Bn
17. June, 2023.
Coldwell Banker Team helped me to get a BDA plot in E auction.
Thank you each and all for the team......
Krishna Prasad (Krishna)
16. June, 2023.
This is an amazing team, who guided me at every step of my purchase. Sathish, Gangadhar are professionals and they know how to help their customers get to their dreams. Thanks a lot.
Raju P
3. June, 2023.
Balaji sir was nice working with you
Thank you...
Venkat Eswaran
25. May, 2023.
We bought an apartment in Bangalore recently and Gangadhar made the entire process easy and seamless. Our experience with Gangadhar was outstanding and he took care of all the requirements for the property transfer end to end in a compressed timeframe. Gangadhar was patient, provided good advice and listened to all our requirements. He went above and beyond to help with a variety of other matters as well. I would highly recommend Gangadhar and his team.
Ashwini Balakrishnan
18. April, 2023.
Mr. Balaji is our family acquaintance and is known to us for several years, he is also involved in philanthropic work, It is our good fortune that we entrusted the sale of our ancestral property to Mr. Balaji and his company. Mr. Balaji and his team of trusted lieutenants ensured the process right from selecting the buyer till completion of sale was completed without any hiccups and took care of all the paper work. Balaji and his team were willing to go the extra mile to ensure the sale was complete as per agreement. We would like to commend Balaji and team and hope we will have the opportunity to engage him again in the future. Wishing Balaji and team all success personally and professionally.
Shubha Raghu
18. April, 2023.
We were introduced to Mr. Balaji by our sister sometime back for helping us sell our property. More than a broker he has been a good friend and guided us well through out the entire process. He has always been more than ready to help us. Our heartfelt thanks to him for a smooth journey in selling our property. I will definitely and strongly recommend his name to all my relatives and friends. Wishing him and his company success in all his future endeavours.
