Site icon Realty Beat

MIDC in final stage of acquiring 348ha land at 2 sites in Nashik, ET RealEstate

MIDC in final stage of acquiring 348ha land at 2 sites in Nashik, ET RealEstate


Representative Image

NASHIK: Maharashtra Industrial Development Corporation (MIDC) is in the final stage of acquiring 348 hectares for the industries at two locations near Nashik.

MIDC has set the target of acquiring land by April-end so that the work of preparing the layout and tender process for creating infrastructure would be started at the earliest. While the MIDC is acquiring 204 hectares at Maparwadi in Sinnar taluka, 144 hectares will be acquired at Rajur Bahula, a few kilometres from Nashik city.

“The acquisition is now in the settlement stage and farmers are also positive about surrendering their land for the industries,” said MIDC officials.

The MIDC has also finalized the rate of Rs94 lakh per acre for Rajur Bahula and Rs52 lakh per acre for Maparwadi. The officials said the land will be acquired within the next two months and the process for layout and infrastructural works will be started immediately thereafter.

“It will take around a year to develop both the industrial estates,” said MIDC officials.

Manish Rawal, the chairman of the aviation committee of Nashik Industries & Manufacturers’ Association (AIMA), welcomed the decision to speed up the land acquisition process at both locations to create new industrial estates there.

“Nashik is emerging as the manufacturing hub for the industries as it is equidistant from Mumbai and Pune, it has good climatic conditions, abundant water, etc. MIDC has already developed two new industrial estates, one at Talegaon-Akrale and another at Ajang. But we want MIDC to acquire more land for the industries in and around Nashik so that large industries will invest here,” said Rawal.

MIDC has already allotted land to two large industries at Talegaon-Akrale in Dindori to set up manufacturing bases with a total investment of over Rs2,500 crore.

  • Published On Feb 17, 2024 at 05:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App




Source link

Exit mobile version