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Government of Maharashtra provides additional lands for Navi Mumbai Special Economic Zones (SEZ)

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Maharashtra Secretariat sources said the www.propertykhazana.com that the additional allocation of 1,150 hectares of land brought by the SEZ (Navi Mumbai Special Economic Zone), which will be the neighboring satellite town, has been approved, by the cabinet of Maharashtra. 450 hectares has already allocated before, but they are still proposing 2,140 hectares of land to build the mega economic conclave. This project will be built in Dronagiri, Ulve and Kalamboli 40 kms far from the Navi Mumbai. For this project CIDCO the state government enterprise has appointed a nodal agency.
The SEZ will share the land by 74% to private company and 26% to the CIDCO and this is a joint venture project between the public and the private players. They also told the promoter they should build 15% of land for the residential purposes and remaining for the Industrial usage, which has to be done in six months of time. Meantime, the source added saying that the electricity requirement will be managed by the private developer.
Source: NIMMA BENGALURU

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