CIDCO has announced a 50% increase in transfer fees, a move aimed at aligning charges with market trends and supporting ongoing infrastructure development. This decision is expected to have a significant impact on Navi Mumbai's real estate market.
Navi MumbaiReal EstateCidcoTransfer FeesInfrastructureReal Estate NewsApr 01, 2025
The new transfer fee in Navi Mumbai is 50% higher than the previous fee, effective from October 1, 2023.
CIDCO has increased the transfer fee to align charges with current market trends and support ongoing infrastructure development in Navi Mumbai.
The increased transfer fee may lead to higher property prices as sellers may raise their asking prices to offset the additional costs, potentially affecting affordability and demand.
Key projects that will benefit from the increased revenue include the expansion of road networks, development of public parks and recreational areas, and enhancement of water and sewage systems.
The long-term outlook for Navi Mumbai's real estate market remains positive, driven by strategic location, well-planned urban development, and strong economic fundamentals, despite the short-term challenges posed by the fee hike.
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