Land prices in Navi Mumbai up by 20-25%

Q: As per the CIDCO, the base price of land plots in Navi Mumbai have gone up by 20-25%

Dhiraj,

1st July 2015

Real estate News in Navi Mumbai

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Replies (3)

Hi Jerome,
Base land price of fe localities of Navi Mumbai:- Vashi-Rs. 12760/sq-m, Ulwe-Rs. 4950/sq-m, Nerul-Rs. 10960/sq-m, Kamothe-Rs. 5400/sq-m, Khaghar-Rs. 7680/sq-m, Ghansoli-Rs. 6500/sq-m, Belapur-Rs. 7680/sq-m, New Panvel-Rs. 7100/sq-m, Sanpada-Rs. 10650/sq-m, Koparkhairane-Rs. 8735/sq-m and Airoli-Rs. 7500/sq-m. are few among the list.

Shreya Agarwal, Mumbai

1st July 2015

Comment

Thanks Suresh,
Can the exact land price of all the city nodes has been tabulated with this formula? Which locality in Navi Mumbai showed the highest base land price?

Ananya,

1st July 2015

Comment

WC Annanya,
Yes, you can tabulate with these measures. Vashi of Navi Mumbai has the highest base land price of Rs. 12760/sq-mtr while the Ulwe node has the minimum land pricing of Rs 4950/sq-mtr.

Suresh,

1st July 2015

Hmm,
It means that our Navi Mumbai city is much in demand. But on the other hand, it means that the real estate rates of flats and commercial/office space will now also further go up. Am i right Suresh? Which all localities of Navi Mumbai is picking up in terms of realty sales of Housing units?

Ananya,

1st July 2015

True Ananya,
Currently, the realty sales of housing units is picking up in developing nodes like Panvel, Ulwe and Kamothe. 'On the other hand, in the already developed nodes like Vashi, Nerul and Kharghar, the high end flats are being sold to fewer buyers.

Suresh,

1st July 2015

Thanks once again Suresh,
Can you give me the base land price of few prominent localities of Navi Mumbai?

Jerome Fernandez, Mumbai

1st July 2015

Hi Dhiraj,
Can you tell me which are the measure taken by CIDCO while considering the revise land rates in Navi Mumbai or any other place?

Ananya,

1st July 2015

Comment

Hi Ananya,
The measures to revise the land rates taken by the corporation of Navi Mumbai associated with the city's growth, development and real estate value.

Suresh,

1st July 2015