One dead, two injured in a high-speed accident on Palm Beach Road in Navi Mumbai. Driver lost control, causing vehicle to crash over divider. Driver booked for negligence.
A plot of land in the prime location of Palm Beach road in Navi Mumbai has been auctioned for a record bid of ₹6.46 lakh per sqm. This rate is close to that of prime land in Mumbai and highlights the unprecedented demand for land in the area. Despite the high bid, there were no bids for 18 other plots in the auction, which industry sources blame on the high base price set by CIDCO and current market conditions. CIDCO earned a total of ₹1,170.80 crore from the sale of the plots.