Navi Mumbai: CIDCO Barred From Auction Of CRZ Plots Near NRI Complex freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Two applications, filed by the Navi Mumbai Environment Preservation Society (NMEPS) and a group of six city residents, sought that Cidco be stopped from going ahead with the auction. The base price had been fixed at Rs 1.4 lakh per sq m.
At a time when a plot along the Palm Beach Road in the Sanoada node fetched over Rs5.54 lakh per sq m (almost four times of base price, the City and Industrial Development Corporation (CIDCO) failed to get the right price for a 25,138.86 sq m plot in sectors 54-56-58 in Seawoods.