The timing of the auction is perfect, coming on the back of last month’s announcement, where Cidco tripled the cap on the height of buildings
The City and Industrial Development Corporation of Maharashtra (Cidco), the planning authority for Navi Mumbai, a satellite city near Mumbai, has decided to e-auction 14 plots of over 23,000 square metres at a base price of over Rs 146 crore, according to a document released by it.
https://www.moneycontrol.com/news/business/real-estate/cidco-to-auction-14-plots-in-navi-mumbai-at-a-base-price-of-over-rs-146-crore-9059231.html
Source: Money Control