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Nagpur civic body sells 80,000 sq ft plot for Rs 111.75 crore

Dated on: Monday 8th May 2023

A site on the London/Orange City Street Project sold for Rs 14,000 per square foot, setting a new record for the highest sale price in Nagpur Municipal Corporation's (NMC) history. The corporation has received a profit of Rs 156 crore from the project as a result of this sale. By selling an 80,000 square foot plot for Rs 111.75 crore, or over Rs 14,000 per square foot, the municipal commissioner Radhakrishnan B, executive engineer Naresh Borkar, and his team made history.

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