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.
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.
LSPP LSPP
7. March, 2023.
BDA E-Auction great guidence from Narendra. Thank you for the service.
Sandeep Yelburgi
3. March, 2023.
In the world of real estate trust, credibility and professionalism doesn't exist. Mr Balaji and team are exception to this. They make buying/selling a property so easy. I could able to sell my property with ease. The process is so transparent from day 1 of meeting the buyer to the last day of selling my property. Thanks for service and keep the good work going in a honest way. Bangalore Real estate need more people like you.
vikram solanki
22. February, 2023.
Govindraj Was Awesome To Deal With For a Smooth & Transparent Transaction.
Chaya Rao
11. February, 2023.
Excellent experience working with Mr. Balaji Badrinath who was amazing at his job. Made our real estate transaction smooth, convenient, excellent and top-notch. Balaji is an outstanding Realtor who is very professional, knowledgeable, experienced, efficient, direct, very responsive and has such a pleasing demeanor, is friendly, very prompt and never loses his composure. He helps trouble shoot timely with favorable solutions. He made my real estate transaction as a NRI easy and provided excellent guidance along the way. Bengaluru/India/this world needs more people like him to make it a better place! Thank you very much, Balaji, for all that you are and all that you do. You are truly an amazing human being and a professional! I am so glad that we found you online and you helped us close the deal on my parents’ house. Thank you!
A special mention of Ms. Mala Malathi, Operations Manager, who I had the pleasure of meeting. She was very helpful in putting our paperwork together and helping me with some of the process. Thank you, Mala!
Rekha Srinivasan
11. February, 2023.
I am very happy with the services provided by Mr. Balaji Badrinath, who helped me and my siblings on the the sale of our parents house. He was patient, polite, prompt and professional in all his responses! He was efficient in getting all the necessary paperwork and overall he helped make the sale a smooth transaction. I appreciate his professionalism!
