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
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?