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.

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