Builder Bhagwati Group bid Rs 1.84 lakh per sq mtr – the highest price quoted so far for a Kharghar plot. That translates to Rs 74.5 cr per acre.
The group also emerged the highest bidder for two other plots as well quoting Rs 1.71 lakh per sq mtr and Rs 1.61 lakhs per sq mtr respectively.
“One of the key projects coming up is the Navi Mumbai International Airport which has crossed all hurdles. Areas like Kharghar, Ulwe, Dronagiri and Panvel will witness not only rapid development, but escalation of prices in a demand-driven market,” said Rajesh Prajapati, managing director of Navi Mumbai-based Prajapati Group.
Last month, the government selected four bidders for the Navi Mumbai airport — GMR Airports, Mumbai International Airport (MIAL), Zurich Airport & Voluptas Developers (Hiranadani group) and MIA Infrastructure, a consortium of VINCI Airports International SA and Tata Realty.
The Union Environment Ministry, headed by Prakash Javadekar, also agreed to a state government proposal that the developer of the airport should not be forced to create alternate mangrove forest in lieu of the acreage that will be destroyed in the process of construction.
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