Maharashtra Gains Rs 6.40 Bn from Land Conversion

21 Feb 2024 CW Team

Maharashtra has generated Rs 6.40 billion over the past five years through the conversion of collector land. The revenue generated underscores the state's utilisation of land conversion as a financial avenue, contributing to its fiscal resources.

The revenue from land conversion highlights Maharashtra's strategic approach to managing its land assets. The conversion process allows the state to unlock the economic potential of collector land, converting it into a valuable resource for development and generating funds for various initiatives.

The substantial revenue figure reflects the importance of land conversion as a financial instrument for the state. Maharashtra's ability to capitalise on its land assets through conversion aligns with its broader economic and developmental goals, leveraging available resources for sustained growth.

Land conversion is a key aspect of land-use planning, enabling the state to allocate land for diverse purposes, including commercial, residential, and industrial developments. The revenue generated contributes to the state's ability to fund infrastructure projects, public services, and other developmental activities.

As Maharashtra continues to explore avenues for economic growth and resource mobilisation, the successful implementation of land conversion demonstrates its commitment to optimising land assets for the benefit of the state and its residents.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..