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
Real Estate

Stans Arize Sells Rs 1 Billion Homes in One Week

The Mandate House has recorded sales of 111 residential units worth over Rs 1 billion within one week of the launch of Stans Arize, a residential development by Stans Buildtech in Jogeshwari (East), Mumbai.The Mandate House, appointed as the exclusive sales partner for the project, managed the end-to-end sales and marketing strategy for the launch.Located at Janata Colony, Gandhi Nagar, Stans Arize is a 23-storey residential tower comprising one and two-bedroom apartments. The project includes amenities such as a swimming pool, fitness centre, jogging track, yoga and meditation area, moss gard..

Next Story
Infrastructure Transport

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Next Story
Infrastructure Urban

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement