4 CIDCO Nerul Tender Plots in Nerul Sold for a Record ₹7.65 Lakh per Sq. Metre

CIDCO Nerul Tender Plots in Nerul : Navi Mumbai’s real estate market has witnessed a historic moment as four CIDCO tender plots in Nerul were sold at a record-breaking price of ₹7.65 lakh per square metre. This sale marks one of the highest rates for residential-cum-commercial land in the region, reflecting the growing demand for premium properties in the satellite city.

According to officials, the auction received enthusiastic participation from developers, driven by Nerul’s strategic location, excellent connectivity to Mumbai and Thane, and proximity to the upcoming Navi Mumbai International Airport. The plots are expected to house high-end residential and mixed-use developments that will further enhance the city’s skyline.

Real estate experts believe this landmark deal will boost investor confidence and may lead to a surge in land rates across other nodes of Navi Mumbai, particularly in areas close to proposed infrastructure projects.

With rapid urbanization, connectivity upgrades, and rising commercial interest, Nerul is quickly emerging as a top destination for real estate investments in Maharashtra.

CIDCO Nerul Tender Plots in Nerul

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Written by Saurabh Tamhane

Saurabh Tamhane is the founder and editorial head of Sejal News Network. With over 5 years of experience in digital journalism and storytelling, he covers politics, technology, and startup culture with a sharp analytical eye. <strong>Expertise:</strong> Investigative Journalism, Startup News, Public Policy