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CIDCO PLOTS BEAT SLUMP, FETCH A RECORD PRICE

cidcoDespite the slowdown in the realty market, the City and Industrial Development Corporation of Maharashtra Ltd (Cidco) has sold three residential plots at rates ranging between Rs 64,771 per sq m and Rs 71,444 per sq m at Kharghar through the tender bid process. Sources said the whopping rates of Rs 64,771 per sq m and Rs 71,444 per sq m rates are the highest in Navi Mumbai for residential plots in recent times. Navi Mumbai-based developer, Nalin Shah of the Shah Group, won the three plots near Kharghar railway station by making the highest bid of Rs 71,444 per sq m for one of the three plots. The other two plots fetched Rs 67,333 per sq m and Rs 64,771 per sq m. Bureau report NMTV News.

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