MIDC gets state government nod to continue land acquisition
Real Estate

MIDC gets state government nod to continue land acquisition

The Maharashtra Industrial Development Corporation (MIDC) has received permission from the state government to continue with the process of land acquisition for various projects, even though most works approved by the previous Maha Vikas Aghadi government have been stayed by Chief Minister Eknath Shinde.

MIDC officials said deputy chief minister Devendra Fadnavis recently reviewed the progress of land acquisition. “The MIDC is continuing with the process of land acquisition and there are no hurdles to it,” they said, adding that 77,000 acres of land will be acquired for previously announced projects.

The maximum land acquisition of up to 26,000 acres will be in the Konkan region, followed by 18,500 acres each in the Pune-Ahmednagar and Vidarbha regions, and 14,000 acres in the Marathwada region.

The process of land acquisition is at various stages. For the Mangaon IT City in Delhi-Mumbai industrial corridor, 85% of land has been procured and talks are on with the Centre for its share of funds. Around 14,000 acres will be required for Mangaon IT City. The process of acquisition of 4,500 acres for a pharma city in Raigad district is in progress.

See also:
Real estate investments touch $3.4 billion in H1 2022
Pratibha to be rebuilt, original tenants offered space


The Maharashtra Industrial Development Corporation (MIDC) has received permission from the state government to continue with the process of land acquisition for various projects, even though most works approved by the previous Maha Vikas Aghadi government have been stayed by Chief Minister Eknath Shinde. MIDC officials said deputy chief minister Devendra Fadnavis recently reviewed the progress of land acquisition. “The MIDC is continuing with the process of land acquisition and there are no hurdles to it,” they said, adding that 77,000 acres of land will be acquired for previously announced projects. The maximum land acquisition of up to 26,000 acres will be in the Konkan region, followed by 18,500 acres each in the Pune-Ahmednagar and Vidarbha regions, and 14,000 acres in the Marathwada region. The process of land acquisition is at various stages. For the Mangaon IT City in Delhi-Mumbai industrial corridor, 85% of land has been procured and talks are on with the Centre for its share of funds. Around 14,000 acres will be required for Mangaon IT City. The process of acquisition of 4,500 acres for a pharma city in Raigad district is in progress.See also: Real estate investments touch $3.4 billion in H1 2022Pratibha to be rebuilt, original tenants offered space

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?