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In Navi Mumbai, a site sold for a record-breaking Rs. 5.54 lakh per square metre

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On Monday, one of the 28 plots put up for sale by the City and Industrial Development Corporation (Cidco) Navi Mumbai got a staggering Rs 5.54 lakh per square metre, setting a new record for the city’s real estate market. This was over five times the reserve base price that Cidco had established at Rs. 1.14 lakh per square metre. According to Nauzer K. Bharucha, the price for the about 1.3-acre (5,526 sq m) site situated at Sector 20, Palm Beach Road, Sanpada, comes to Rs 306 crore. Dinesh Pasoria of DPVG Ventures is the builder who won the bid. According to his partner Yogesh Thakker, this is the last of the sought-after sea-facing sites on Palm Beach Road.

Because of this, it fetched a record price. Cidco will get Rs 1,365 billion from the sale of 28 plots On Monday, 28 plots were sold through an online auction in Navi Mumbai, bringing Cidco over Rs 1,365 crore. One of them sold for Rs. 5.54 lakh per square metre in Sector 20, Palm Beach Road, Sanpada. Dinesh Pasoria of DPVG Ventures is the function Object() { [native code] } who received the contract. Yogesh Thakker, his business partner, told TOI that they had not yet decided whether to use the site for residential or commercial reasons. Sanjay Mukherjee, Cidco’s VC and MD, declared that it was a record. It’s a testament to Cidco’s transparent bidding-cum-e-auction procedure and the market’s trust in the company’s development initiatives, he continued.

CREDAI-MCHI (Raigad) founder and president Raajesh Prajapati said, “Following the resolution of the majority of construction-related obstacles in the Navi Mumbai region, as well as the construction of a new airport and the Mumbai Trans Harbour Link, there has been a significant increase in demand for properties in this area. Customers are continuing to understand the significance of maximising their investments in Navi Mumbai as the region provides a variety of prospects.” Added he, “We think that demand will increase and that additional buyers and investors who were debating whether to buy or not would feel more confident as a result of the record-breaking bid. We foresee a lot more investments in Navi Mumbai since more projects are anticipated to acquire occupancy certifications.”

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Morbe Dam Water Storage Reaches 75.66%, Easing Supply Concerns

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Steady monsoon downpours boost primary water reservoir for Navi Mumbai residents.

The Storage

In a major relief for Navi Mumbai residents, water levels at the Morbe Dam the primary drinking water source for the region have reached 75.66% of its total capacity, following consistent monsoon showers across its catchment area in Khalapur.

Navi Mumbai Municipal Corporation (NMMC) officials confirmed that the rising water levels significantly reduce concerns over potential water cuts or supply disruptions in the coming months. The steady inflow has ensured a secure drinking water buffer for over 15 lakh residents across the city.

While the current stock is sufficient to meet daily demand well into early next year, civic engineers noted that sustained heavy downpours are still required for the reservoir to hit 100% capacity and overflow. NMMC continues to monitor catchment rainfall closely to optimize seasonal storage reserves.

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Navi Mumbai Crime Branch Busts Industrial Theft Syndicate, Four Arrested

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Police crack multiple factory break-in cases across industrial belts, recover stolen machinery and heavy equipment.

The Theft

In a major breakthrough, the Navi Mumbai Police Crime Branch has dismantled an organized criminal syndicate involved in a series of industrial thefts across the city’s manufacturing belts, including the TTC MIDC area. Four key members of the gang have been arrested following targeted raids driven by technical intelligence and tip-offs.

The gang specifically targeted locked or minimally guarded industrial units and godowns during off-hours. After breaking into these premises, the suspects stole high-value raw materials, industrial cables, metal components, and machinery parts to sell illegally in the scrap market.

During the operation, police recovered stolen industrial goods and heavy equipment alongside vehicles utilized by the syndicate to transport the looted property. Crime Branch officials confirmed that these arrests have successfully solved several pending theft and burglary cases registered across local police stations, providing much-needed relief to local factory owners and manufacturers.

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Illegal Structures Under NMMC Scanner in Major Enforcement Drive

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Civic body launches demolition drive and serves notices to curb unauthorized developments across Navi Mumbai.

The Structures

In a strong bid to enforce urban planning norms and safeguard public land, the Navi Mumbai Municipal Corporation (NMMC) has intensified its crackdown on illegal structures across several ward offices. The civic administration has launched targeted demolition drives and issued show-cause notices to halt unapproved construction activities across the city.

Following directives from the Bombay High Court regarding unauthorized developments, NMMC officials have taken strict action against hundreds of illegal structures. Show-cause notices have also been served to civic personnel under whose jurisdiction these unsanctioned developments reportedly flourished.

Armed with heavy machinery, anti-encroachment squads are pulling down illegal reinforced concrete (RCC) structures, unauthorized hutments, and encroached spaces built without required planning permissions or in violation of the Maharashtra Regional and Town Planning (MRTP) Act.

NMMC administrators have instructed ward officers to maintain strict monitoring, conduct regular site inspections, and initiate immediate punitive action against fresh encroachments to preserve the planned character of Navi Mumbai.

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