Low Budget Flats In Navi Mumbai

If you are looking forward to buying Low Budget Flats in Navi Mumbai, then, first of all, you should be well aware of the important facts which are discussed in this section.

· In the year 2015, there had been a great boost in the real estate properties in Navi Mumbai. Also, the CIDCO or City and Industrial Development Corporation of Maharashtra has made an auction in that region for about a hundred plots.

· Since its inception in the year 1972, the CIDCO has contributed to developing Navi Mumbai into what it is today.

· One should also know that the CIDCO is considered to be the de-facto owner for almost every Navi Mumbai property. When the first auction was made by CIDCO, it was specifically conducted for about size plots which involves Rs. 294 crore for the company.

· Out of those six plots, five plots were mainly located in the Nerul region. They were mainly sold for both residential as well as commercial usage. Also, the sixth real estate plot of Navi Mumbai was specifically sold at the CBD Belapur region.

· In this regard, the CIDCO had received eighty-two bids. The highest among them is Rs. 2.82 lakh for a plot in Sector 44A in Nerul.

· Some of the time, developers have complained that the CIDCO does not specifically auction too many plots. In this regard, intense competition has also been by the developers for acquiring properties in the Navi Mumbai region. This again leads to higher values of the bids.

· It is also seen that about 20 plots were generally auctioned via two schemes. The CIDCO reasons that it auction fewer plots as there is much administrative work that is needed to ensure that the lands are completely free from any sorts of encumbrances.

· So, the plots are rationed on the basis of tenders only after proper checks and also the completion of overall processes.

Final Words

So, if you seeking to buy affordable Flats in Navi Mumbai, then choosing the right real estate company like Prishty Group is very important in order to get the best deals.