The land parcels received bids at record prices. That’s thanks to implementation of the Unified Development Control and Promotion Regulations (DCR) for all of Maharashtra, excluding Mumbai
The City and Industrial Development Corporation (CIDCO) in Navi Mumbai will bag Rs 1,355 crore from the e-auction of 22 plots in the Navi Mumbai area, according to results of an e-auction published on the website of CIDCO. The e-auction also received a record bid of Rs 5.54 lakh per sq m for a 5,526-sq-m plot ― the highest in the satellite city of Mumbai.
https://www.moneycontrol.com/news/business/real-estate/navi-mumbai-cidco-to-mop-up-rs-1355-crore-from-e-auction-of-22-plots-9582571.html
Source: Money Control
