Maharashtra Clears New Policy For Iconic City Development
Real Estate

Maharashtra Clears New Policy For Iconic City Development

The Maharashtra cabinet has approved a policy for concept-based iconic city development to ensure more efficient use of land held by CIDCO and other authorities. It has also cleared a comprehensive redevelopment policy for several MHADA colonies. The decisions were taken at a meeting chaired by Chief Minister Devendra Fadnavis, an official release said.

CIDCO currently allots land parcels on a lease basis through auctions, enabling projects to be constructed in line with lease conditions and the Development Control and Promotion Regulation 2020. However, the state noted that in several areas where multiple construction and development operators hold land, integrated township-style planning is not feasible.

To address this, CIDCO drafted a policy for concept-based iconic city development, which has now received cabinet approval. The policy prioritises optimal utilisation of land parcels held by CIDCO and various authorities, allowing them to appoint City Development Operators (CDOs) through a tendering process. These operators will be empowered to develop integrated residential townships or international commercial districts, with corresponding development rights and the ability to sell residential and commercial units.

The cabinet also approved a new policy for integrated group redevelopment of MHADA colonies measuring 20 acres or more in Mumbai and its suburbs. MHADA built 56 colonies for Middle-Income Group and Low-Income Group families between 1950 and 1960, covering around 5,000 cooperative housing societies. Many of these buildings are now dilapidated or structurally weak, necessitating redevelopment.

Under the new policy, MHADA will redevelop large layouts into modern housing complexes equipped with lifts, adequate parking, parks, community halls, playgrounds, gyms, swimming pools and CCTV systems. Supporting infrastructure—such as water supply, sewage networks, electricity and internal roads—will also be upgraded with emphasis on environmental sustainability. Residents will receive larger homes than their existing tenements.

The policy permits the highest allowable rehabilitation FSI without requiring occupant consent. However, developers appointed through the tendering process must secure resolutions of support from housing societies. A high-powered committee headed by the Additional Chief Secretary will oversee implementation.

The Maharashtra cabinet has approved a policy for concept-based iconic city development to ensure more efficient use of land held by CIDCO and other authorities. It has also cleared a comprehensive redevelopment policy for several MHADA colonies. The decisions were taken at a meeting chaired by Chief Minister Devendra Fadnavis, an official release said. CIDCO currently allots land parcels on a lease basis through auctions, enabling projects to be constructed in line with lease conditions and the Development Control and Promotion Regulation 2020. However, the state noted that in several areas where multiple construction and development operators hold land, integrated township-style planning is not feasible. To address this, CIDCO drafted a policy for concept-based iconic city development, which has now received cabinet approval. The policy prioritises optimal utilisation of land parcels held by CIDCO and various authorities, allowing them to appoint City Development Operators (CDOs) through a tendering process. These operators will be empowered to develop integrated residential townships or international commercial districts, with corresponding development rights and the ability to sell residential and commercial units. The cabinet also approved a new policy for integrated group redevelopment of MHADA colonies measuring 20 acres or more in Mumbai and its suburbs. MHADA built 56 colonies for Middle-Income Group and Low-Income Group families between 1950 and 1960, covering around 5,000 cooperative housing societies. Many of these buildings are now dilapidated or structurally weak, necessitating redevelopment. Under the new policy, MHADA will redevelop large layouts into modern housing complexes equipped with lifts, adequate parking, parks, community halls, playgrounds, gyms, swimming pools and CCTV systems. Supporting infrastructure—such as water supply, sewage networks, electricity and internal roads—will also be upgraded with emphasis on environmental sustainability. Residents will receive larger homes than their existing tenements. The policy permits the highest allowable rehabilitation FSI without requiring occupant consent. However, developers appointed through the tendering process must secure resolutions of support from housing societies. A high-powered committee headed by the Additional Chief Secretary will oversee implementation.

Next Story
Infrastructure Transport

Navi Mumbai Airport To Begin Flights On 25 December

Navi Mumbai International Airport (NMIA) will begin commercial operations on 25 December, starting with 23 scheduled daily departures. For the first month, the airport will operate from 8 am to 8 pm, handling up to 10 flight movements per hour. Developed by Navi Mumbai International Airport Pvt Ltd (NMIAL), a joint venture between the Adani Group and the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), NMIA is the second major airport serving the Mumbai Metropolitan Region. It was inaugurated by Prime Minister Narendra Modi on 8 October. In its initial phase, the airpo..

Next Story
Infrastructure Transport

Kolhapur Airport Gets Revised Funding Approval

The Maharashtra government has approved a major revision in funding for the expansion of Kolhapur Airport, issuing fresh administrative and financial approval totalling Rs 2.9 billion. The allocation, formalised through a Government Resolution (GR) dated 17 November, covers the completion of land acquisition and associated works. The decision follows a proposal from the Maharashtra Airport Development Company (MADC), which oversees airport development across the state. As per the GR, the revised budget provides for acquiring 30.25 hectares of land. This includes 26.65 hectares identified thro..

Next Story
Infrastructure Transport

Sarla Aviation To Build Major eVTOL Hub In Andhra Pradesh

Sarla Aviation will set up a large-scale manufacturing hub for electric vertical take-off and landing (eVTOL) aircraft in Andhra Pradesh after signing an MoU with the state government at the CII Partnership Summit 2025 in Visakhapatnam. The Bengaluru-based firm has committed an initial investment of Rs 13 billion to develop a 500-acre integrated campus in Anantapur district. Branded the “Sky Factory”, the project is positioned as one of the world’s largest eVTOL production clusters and will support the state’s plans to expand local aerospace manufacturing and urban air-mobility infras..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement