Last month, CIDCO sold a 3,069 sq meters residential cum commercial plot at sector 19 A in Nerul at Rs 3.85 lakh per sq. meter during an e-auction which is the highest in the city to date.
Since Navi Mumbai is a planned city, there is minimal scope for further development. Even in DP, the civic body admitted that the city is developed up to 95% with only 5% vacant land available for future growth.