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


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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

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