Godrej Properties (GPL) has emerged as the highest bidder in the City and Industrial Development Corporation of Maharashtra (CIDCO) auctioning process for two adjacent plots in Navi Mumbai.
The two plots acquired by GPL from CIDCO is located in Sanpada, Navi Mumbai.
The overall bidding value is ₹166 crore for the two adjacent plots which are approximately one km away from Palm Beach, Sanpada.
The project covering over 1.5 acre, will offer over four lakh sq ft development potential comprising primarily of premium residential apartments of varied configurations along with a small amount of high street retail at the base of the development.
