+
Navi Mumbai: Plot sold for record Rs 554,000 per sq m
Real Estate

Navi Mumbai: Plot sold for record Rs 554,000 per sq m

One of the 28 plots put up for sale by the City and Industrial Development Corporation (Cidco) fetched a record-breaking Rs 554,000 per sq m, igniting the Navi Mumbai real estate market.

This was nearly five times Cidco's reserve base price of Rs 114,000 per square metre. According to Nauzer K Bharucha, the price for the roughly 1.3-acre plot (5,526 sq m) located at Sector 20, Palm Beach Road, Sanpada is Rs 3.06 billion.

Dinesh Pasoria of DPVG Ventures was the successful bidder. 

Nine stations along this new 14.95 km elevated extension.

Also Read

Centre invites bids for MP Chambers in Central Vista 

Odisha readies Rs 84-bn railway proposals for Union Budget 


One of the 28 plots put up for sale by the City and Industrial Development Corporation (Cidco) fetched a record-breaking Rs 554,000 per sq m, igniting the Navi Mumbai real estate market. This was nearly five times Cidco's reserve base price of Rs 114,000 per square metre. According to Nauzer K Bharucha, the price for the roughly 1.3-acre plot (5,526 sq m) located at Sector 20, Palm Beach Road, Sanpada is Rs 3.06 billion. Dinesh Pasoria of DPVG Ventures was the successful bidder. Nine stations along this new 14.95 km elevated extension.Also Read Centre invites bids for MP Chambers in Central Vista Odisha readies Rs 84-bn railway proposals for Union Budget 

Next Story
Infrastructure Transport

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Next Story
Infrastructure Urban

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Next Story
Infrastructure Urban

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App