Cidco rolls out Rs. 190-cr realty space

    Cidco Realty Space
    Rolling out burgeoning business avenues to real estate builders of the Mumbai metropolitan city, Cidco has recently raked Rs.190-cr through sale by tender to highest bidders. The realty land parcels are located in Kharghar, New Panvel and Kalamboli within the vicinity of the proposed airport in Navi Mumbai, said an official spokesperson, adding that Kharghar plots fetched Rs. 1.37 lakh per sq.mt and Rs. 1.22 lakh per sq.mt, while two plots in New Panvel were sole for Rs. 1.13 lakh per sq.mt, and Rs. 1.02 lakh per sq.mt, respectively. Commenting on the brisk sales of plots, Rajesh Prajapati, a developer from Navi Mumbai said that all plots received an encouraging response with multiple bids. The prices at which plots have been sold belie any negative fallout of demonetization on Navi Mumbai's property market, he insisted.
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