{"id":3564,"date":"2014-01-24T14:10:02","date_gmt":"2014-01-24T08:40:02","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=3564"},"modified":"2014-01-24T14:10:02","modified_gmt":"2014-01-24T08:40:02","slug":"cidco-fetched-rs-260-crore-in-sale-of-5-city-plots","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/cidco-fetched-rs-260-crore-in-sale-of-5-city-plots\/","title":{"rendered":"Cidco fetched Rs 260 crore in sale of 5 city plots"},"content":{"rendered":"<p><a href=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2014\/01\/cd.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3565\" title=\"cd\" src=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2014\/01\/cd.jpg\" alt=\"\" width=\"275\" height=\"183\" \/><\/a><a href=\"https:\/\/www.franchisezing.com\/franchise\/information\/news\/real-estate-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Real estate News India<\/a>\u00a0: Three plots in Kharghar and two in Ulwe fetched Cidco Rs 260 crore when bids were opened on Tuesday.<\/p>\n<p>Market sources said the quotes were high compared to the reserve price. They expressed surprise that builders bid astronomical rates at a time when the real estate market in Navi Mumbai is slack.<\/p>\n<p>In Kharghar, Cidco had set a reserve price of Rs 30,000 per sq m but the bids were several times higher. For instance, in sector 23, an 8,800 sq m received the highest bid of Rs 1.7 lakh per sq m (Rs 151 crore) for the residential-cum-commercial plot. The winning bid was by a local construction company, Bhagwati Group.<\/p>\n<p>Another plot in Kharghar\u2019s sector 2, received the highest bid of Rs 1.05 lakh a sq m for the 1,148 m plot. It works out to Rs 12 crore for the residential plot and was won by a local builder, Keystone Developers.<\/p>\n<p>In sector 15, a 1,555 a sq m commercial plot received the highest bid of Rs 1.22 lakh per sq m or Rs 19 crore. The highest bidder was Bharat Construction.<\/p>\n<p>In Ulwe, where the new airport is planned, a 2,830 sq m commercial plot in sector 19 fetched Rs 42.5 crore or Rs 1.50 lakh a sq m. Cidco had set a reserve price of Rs 22,000 a sq m. The winning bidder was Shagun Enterprises. Another commercial plot in sector 19, (4,930 sq m) received the highest bid of Rs 70,000 per sq m (Rs 34.5 crore). It was bagged by Varun Enterprises.<\/p>\n<p>\u201cThese rates are very high considering that these areas are yet to be developed. Builders are paying a high price despite the liquidity crunch and a slow market,\u201d said a local property expert.<\/p>\n<p>Source: indianrealtynews<\/p>\n<p>Note: If you are looking for the low cost franchise business in\u00a0<a href=\"https:\/\/www.franchisezing.com\/franchise-business-opportunities\/real-estate-franchise\/\" target=\"_blank\" rel=\"noopener noreferrer\">Real Estate industry<\/a>, then you can apply your request\u00a0<a href=\"https:\/\/www.franchisezing.com\/franchise-business-opportunities\/real-estate-franchise\/\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate News India\u00a0: Three plots in Kharghar and two in Ulwe fetched Cidco Rs 260 crore when bids were opened on Tuesday. Market sources said the quotes were high&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[787,3],"tags":[],"class_list":["post-3564","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=3564"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=3564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=3564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=3564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}