New projects coming up in Navi Mumbai

Several new tender bids for residential-cum-commercial plots are coming up at Kharghar in Navi Mumbai. Bhagwati Group has emerged to be as the No.1 bidder quoting Rs 1.84 lakh per sq m - the highest price quoted so far for a Kharghar plot.The group also emerged the highest bidder for two other plots as well quoting Rs 1.71 lakh per sq m and Rs 1.61 lakh per sq m, respectively. Another key project coming up is the Navi Mumbai International Airport, which has crossed all hurdles. Areas like Kharghar, Ulwe, Dronagiri and Panvel are likely to witness not only rapid development, but escalation of prices in a demand-driven market.