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	<title>MSRDC Archives - Square Feat India</title>
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	<item>
		<title>Maharashtra Reconstitutes High-Level Committee to Fast-Track Major Land Acquisition Awards</title>
		<link>https://squarefeatindia.com/maharashtra-reconstitutes-high-level-committee-to-fast-track-major-land-acquisition-awards/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Thu, 23 Jul 2026 05:47:27 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[CIDCO]]></category>
		<category><![CDATA[District Collector]]></category>
		<category><![CDATA[infrastructure projects]]></category>
		<category><![CDATA[land acquisition awards]]></category>
		<category><![CDATA[land acquisition compensation]]></category>
		<category><![CDATA[land acquisition rules]]></category>
		<category><![CDATA[Maharashtra Government]]></category>
		<category><![CDATA[Maharashtra land acquisition]]></category>
		<category><![CDATA[MMRDA]]></category>
		<category><![CDATA[MSRDC]]></category>
		<category><![CDATA[NHAI]]></category>
		<category><![CDATA[property news]]></category>
		<category><![CDATA[revenue department Maharashtra]]></category>
		<category><![CDATA[Right to Fair Compensation Act]]></category>
		<category><![CDATA[urban development]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=13200</guid>

					<description><![CDATA[<p>Maharashtra forms a new panel to speed up approval of land acquisition awards involving compensation above ₹100 crore.</p>
<p>The post <a href="https://squarefeatindia.com/maharashtra-reconstitutes-high-level-committee-to-fast-track-major-land-acquisition-awards/">Maharashtra Reconstitutes High-Level Committee to Fast-Track Major Land Acquisition Awards</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">The Maharashtra Government has reconstituted a high-level committee to expedite the scrutiny and approval of draft land acquisition awards involving compensation exceeding ₹100 crore. The move is aimed at ensuring faster decision-making while maintaining transparency and quality in the land acquisition process.</p>



<p class="wp-block-paragraph">The Revenue and Forest Department issued the Government Resolution (GR No. Sankirna-2026/Pr.Kr.20/Bhoosampadan-04) on July 21, 2026, restructuring the committee responsible for granting prior approval to high-value land acquisition awards before they are declared by district collectors.</p>



<p class="wp-block-paragraph">The decision follows the reorganisation of ministerial departments undertaken by the General Administration Department on June 24, 2026. As part of this administrative restructuring, the government has replaced the earlier committee headed by the Additional Chief Secretary (Forests and Land Acquisition) with a newly constituted committee chaired by the Additional Chief Secretary (Revenue).</p>



<p class="wp-block-paragraph">The requirement for prior government approval stems from the notification issued on January 11, 2024, under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Maharashtra) Rules, 2014. Under Rule 18(3), whenever compensation payable in a land acquisition case exceeds ₹100 crore, the District Collector must submit the draft award to the State Government through the Divisional Commissioner for prior approval before issuing the final award.</p>



<p class="wp-block-paragraph">The government said the committee has been reconstituted to enable quicker examination of draft awards and ensure quality decision-making in high-value land acquisition cases.</p>



<p class="wp-block-paragraph">According to the Government Resolution, the reconstituted committee will comprise senior officers from multiple departments to facilitate coordinated decision-making.</p>



<p class="wp-block-paragraph">The committee will be chaired by the Additional Chief Secretary (Revenue) and will include the Additional Chief Secretaries of Forests, Public Works and Agriculture as members. Other members include the Principal Secretary of the Law and Judiciary Department, the Administrative Secretary or Head of the concerned acquiring department, the Inspector General of Registration and Controller of Stamps, the Joint Director of Town Planning and Valuation Department, the concerned District Collector and the Joint Secretary (Land Acquisition), who will serve as the Member Secretary.</p>



<p class="wp-block-paragraph">The government has also clearly defined the committee’s responsibilities.</p>



<p class="wp-block-paragraph">Its primary role will be to examine every draft land acquisition award received by the State Government and verify whether it complies with the provisions of the applicable land acquisition laws and rules. Based on this examination, the committee will recommend whether the proposal should receive government approval.</p>



<p class="wp-block-paragraph">The committee has also been authorised to invite subject matter experts or competent officers as special invitees whenever technical evaluation of issues other than land valuation becomes necessary.</p>



<p class="wp-block-paragraph">In addition, the head of the acquiring authority involved in a particular land acquisition project may also be invited to committee meetings whenever required to provide project-specific inputs.</p>



<p class="wp-block-paragraph">The new mechanism is expected to improve coordination among various government departments involved in large infrastructure and public development projects where land acquisition compensation exceeds ₹100 crore.</p>



<p class="wp-block-paragraph">Projects involving agencies such as the Mumbai Metropolitan Region Development Authority (MMRDA), City and Industrial Development Corporation (CIDCO), Maharashtra State Road Development Corporation (MSRDC), National Highways Authority of India (NHAI), Maharashtra Airport Development Company (MADC), irrigation departments and other infrastructure authorities are likely to benefit from faster scrutiny of draft awards under the revised framework.</p>



<p class="wp-block-paragraph">By bringing together senior officials from the Revenue, Forest, Agriculture, Public Works, Law, Registration and Town Planning departments on a single platform, the government aims to reduce procedural delays and ensure timely approval of high-value compensation awards while maintaining legal compliance and transparency.</p>



<p class="wp-block-paragraph">The Government Resolution has been issued with the approval of the Governor of Maharashtra and takes immediate effect across the state.</p>



<p class="wp-block-paragraph">Also Read: <a href="https://squarefeatindia.com/maharashtra-cracks-down-on-delays-in-land-acquisition-court-cases/" type="post" id="12891">Maharashtra Cracks Down on Delays in Land Acquisition Court Cases</a></p>
<p>The post <a href="https://squarefeatindia.com/maharashtra-reconstitutes-high-level-committee-to-fast-track-major-land-acquisition-awards/">Maharashtra Reconstitutes High-Level Committee to Fast-Track Major Land Acquisition Awards</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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		<item>
		<title>Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition</title>
		<link>https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b922250-cr-state-guarantee-for-virar-alibaug-multi-modal-corridor-land-acquisition/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Fri, 05 Dec 2025 00:23:00 +0000</pubDate>
				<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Finance Department Maharashtra]]></category>
		<category><![CDATA[HUDCO loan]]></category>
		<category><![CDATA[infrastructure funding india]]></category>
		<category><![CDATA[Land acquisition Maharashtra]]></category>
		<category><![CDATA[Maharashtra Government]]></category>
		<category><![CDATA[Maharashtra GR 2025]]></category>
		<category><![CDATA[mega projects Maharashtra]]></category>
		<category><![CDATA[MSRDC]]></category>
		<category><![CDATA[Mumbai infrastructure]]></category>
		<category><![CDATA[state guarantee]]></category>
		<category><![CDATA[VAMMC]]></category>
		<category><![CDATA[Virar Alibaug Multi Modal Corridor]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=11102</guid>

					<description><![CDATA[<p>The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.</p>
<p>The post <a href="https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b922250-cr-state-guarantee-for-virar-alibaug-multi-modal-corridor-land-acquisition/">Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">In a major push to one of Maharashtra’s most ambitious infrastructure projects, the state government has approved a <strong>₹22,250 crore state guarantee</strong> for loans to be raised by the <strong>Maharashtra State Road Development Corporation (MSRDC)</strong> to fund <strong>land acquisition</strong> for the <strong>Virar–Alibaug Multi-Modal Corridor (VAMMC)</strong>.</p>



<p class="wp-block-paragraph">The Finance Department issued a fresh government resolution (GR) cancelling its earlier June 12, 2025 decision and replacing it with a revised approval based on updated Cabinet directives.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading"><strong>What the New Approval Means</strong></h2>



<p class="wp-block-paragraph">The state guarantee allows MSRDC to borrow <strong>₹22,250 crore from HUDCO</strong>, the financial institution funding key infrastructure projects across India. This borrowing will be exclusively used for acquiring land for the VAMMC corridor.</p>



<p class="wp-block-paragraph">The approval was granted after the Cabinet validated the draft <strong>Guarantee Agreement</strong> between MSRDC and HUDCO, ensuring the loan terms comply with the state’s financial rules.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading"><strong>Strict Conditions Imposed by the Finance Department</strong></h2>



<p class="wp-block-paragraph">The state guarantee comes with <strong>17 mandatory conditions</strong>, signalling strict monitoring of the loan’s use and repayment. Key conditions include:</p>



<h3 class="wp-block-heading"><strong>1. Loan validity and cap</strong></h3>



<ul class="wp-block-list">
<li>The loan must be raised <strong>within 12 months</strong> from the date of GR.</li>



<li>The guarantee applies <strong>strictly to ₹22,250 crore only</strong>—no additional borrowing allowed.</li>
</ul>



<h3 class="wp-block-heading"><strong>2. Repayment responsibility</strong></h3>



<ul class="wp-block-list">
<li>MSRDC will be the <strong>principal debtor</strong>.</li>



<li>The <strong>state government will not be liable</strong> for penalties, delayed payment interest, or additional charges.</li>
</ul>



<h3 class="wp-block-heading"><strong>3. Escrow Account Mandate</strong></h3>



<p class="wp-block-paragraph">An <strong>independent Escrow Account</strong> must be opened to:</p>



<ul class="wp-block-list">
<li>Receive the loan,</li>



<li>Channel project revenues,</li>



<li>Ensure transparent repayment to HUDCO.</li>
</ul>



<h3 class="wp-block-heading"><strong>4. Default Protocol</strong></h3>



<p class="wp-block-paragraph">In case MSRDC delays repayment:</p>



<ul class="wp-block-list">
<li>HUDCO must notify the government <strong>within 90 days</strong>.</li>



<li>MSRDC must first <strong>auction mortgaged properties or assets</strong> to clear dues.</li>



<li>HUDCO <strong>cannot</strong> invoke the state guarantee without exhausting all recovery efforts.</li>
</ul>



<h3 class="wp-block-heading"><strong>5. Usage Restriction</strong></h3>



<p class="wp-block-paragraph">The loan must be used <strong>exclusively for the VAMMC land acquisition purpose</strong>, with no diversion.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading"><strong>Guarantee Fee Structure</strong></h2>



<ul class="wp-block-list">
<li>MSRDC must pay a <strong>0.50% per annum guarantee fee</strong>.</li>



<li>Payments are due <strong>twice every year</strong>—on <strong>April 1</strong> and <strong>October 1</strong>.</li>



<li>Late payments attract:
<ul class="wp-block-list">
<li><strong>16% interest for the first 3 months</strong>, and</li>



<li><strong>24% thereafter</strong>.</li>
</ul>
</li>
</ul>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading"><strong>VAMMC: Maharashtra’s Transformational Transport Spine</strong></h2>



<p class="wp-block-paragraph">Once completed, the <strong>Virar–Alibaug Multi-Modal Corridor</strong> will become:</p>



<ul class="wp-block-list">
<li>A <strong>126-km long express connectivity spine</strong> linking MMR’s western, central, and southern ends.</li>



<li>A connector integrating <strong>road, rail, metro, freight, and passenger transport</strong>.</li>



<li>A project expected to <strong>reduce congestion</strong>, unlock new townships, and catalyse <strong>economic activity across 6+ growth zones</strong>.</li>
</ul>



<p class="wp-block-paragraph">Land acquisition is the project’s most extensive and expensive phase—making this ₹22,250 crore guarantee a critical catalyst.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading"><strong>Government’s Revised Resolution Replaces Earlier Policy</strong></h2>



<p class="wp-block-paragraph">The new resolution:</p>



<ul class="wp-block-list">
<li><strong>Cancels the June 12, 2025 GR</strong>,</li>



<li>Approves a <strong>revised and Cabinet-backed</strong> arrangement,</li>



<li>Grants signing powers to designated officials in the <strong>PWD</strong> and <strong>Finance Department</strong> to execute the updated loan agreements.</li>
</ul>
<p>The post <a href="https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b922250-cr-state-guarantee-for-virar-alibaug-multi-modal-corridor-land-acquisition/">Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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		<item>
		<title>Nagpur–Gondia Expressway Gets Green Signal: ₹3,162 Crore Sanctioned for Land Acquisition</title>
		<link>https://squarefeatindia.com/nagpur-gondia-expressway-gets-green-signal-%e2%82%b93162-crore-sanctioned-for-land-acquisition/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Sat, 04 Oct 2025 05:48:17 +0000</pubDate>
				<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Gondia development]]></category>
		<category><![CDATA[HUDCO funding]]></category>
		<category><![CDATA[Indian Expressways]]></category>
		<category><![CDATA[Land acquisition Maharashtra]]></category>
		<category><![CDATA[Maharashtra Cabinet Decisions]]></category>
		<category><![CDATA[Maharashtra Government Resolution]]></category>
		<category><![CDATA[Maharashtra infrastructure]]></category>
		<category><![CDATA[MSRDC]]></category>
		<category><![CDATA[Nagpur Bhandara Gondia road project]]></category>
		<category><![CDATA[Nagpur Gondia Expressway]]></category>
		<category><![CDATA[Nagpur logistics hub]]></category>
		<category><![CDATA[Samruddhi Mahamarg Extension]]></category>
		<category><![CDATA[Vidarbha connectivity]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=10004</guid>

					<description><![CDATA[<p>The Maharashtra government has approved the Nagpur–Gondia Controlled Access Expressway, sanctioning ₹3,162 crore for land acquisition. The 162.6 km project, to be implemented by MSRDC, will connect Nagpur’s logistics hub with mineral- and agriculture-rich regions of Gondia, boosting industrial growth and regional development in Vidarbha.</p>
<p>The post <a href="https://squarefeatindia.com/nagpur-gondia-expressway-gets-green-signal-%e2%82%b93162-crore-sanctioned-for-land-acquisition/">Nagpur–Gondia Expressway Gets Green Signal: ₹3,162 Crore Sanctioned for Land Acquisition</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">In a major infrastructure push for eastern Maharashtra, the state government has approved the <strong>Nagpur–Gondia Controlled Access Expressway</strong>, extending the <strong>Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg</strong>. The project aims to enhance connectivity between <strong>Nagpur</strong>, the state’s second capital and a logistics hub, and <strong>Gondia</strong>, a region rich in minerals and agricultural resources.</p>



<p class="wp-block-paragraph">The decision was taken in line with the <strong>Cabinet resolution dated August 26, 2025</strong>, and formalized through a government resolution (GR) issued on <strong>October 3, 2025</strong>.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Strategic Role of Nagpur</strong></h3>



<p class="wp-block-paragraph">Nagpur serves as a critical economic and logistical centre for Maharashtra and adjoining states like <strong>Madhya Pradesh, Chhattisgarh, and Andhra Pradesh</strong>. With a population reach of over 500 km, the city functions as a hub for <strong>IT, healthcare, education</strong>, and <strong>industrial services</strong>.</p>



<p class="wp-block-paragraph">Known as <strong>“Orange City”</strong> for its thriving citrus trade, Nagpur also boasts a robust <strong>international logistics park</strong>, which plays a key role in the storage and transportation of goods — particularly agricultural and mineral commodities. The new expressway extension aims to leverage this strength to spur development in adjoining districts.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f3d7.png" alt="🏗" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Expressway Alignment and Scope</strong></h3>



<p class="wp-block-paragraph">The approved expressway alignment includes three main components:</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Section</th><th>Length (km)</th></tr></thead><tbody><tr><td><strong>Main Expressway</strong> (Nagpur Bypass – Lodhi Tola, Gondia)</td><td>145.10</td></tr><tr><td><strong>Dataroda Link Road</strong></td><td>3.765</td></tr><tr><td><strong>Gondia Bypass</strong></td><td>13.712</td></tr></tbody></table></figure>



<p class="wp-block-paragraph"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Total Length</strong>: <strong>162.577 km</strong></p>



<p class="wp-block-paragraph">The route starts from <strong>Manapur Interchange</strong> on the Nagpur Bypass and extends through <strong>Bhandara district</strong> before reaching <strong>Gondia</strong>. The project is designed as a <strong>controlled access expressway</strong>, ensuring faster, safer travel while supporting regional logistics.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Economic and Social Impact</strong></h3>



<p class="wp-block-paragraph">The Nagpur–Gondia Expressway is expected to <strong>catalyse economic activity in tribal, mineral-rich, and underdeveloped areas</strong> of Vidarbha — notably <strong>Nagpur, Bhandara, Gondia, Gadchiroli, and Chandrapur</strong> districts.</p>



<p class="wp-block-paragraph">Key expected benefits include:</p>



<ul class="wp-block-list">
<li><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f3ed.png" alt="🏭" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Industrial growth</strong> in mineral and agriculture processing sectors</li>



<li><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f69c.png" alt="🚜" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Improved market access for <strong>farmers and rural enterprises</strong></li>



<li><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f477.png" alt="👷" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Job creation</strong> through infrastructure and subsequent industry</li>



<li><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Stronger <strong>integration of tribal and interior regions</strong> with mainstream economic networks</li>
</ul>



<p class="wp-block-paragraph">The project is also expected to improve connectivity in <strong>Naxal-affected areas</strong>, supporting security, mobility, and overall regional development.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Funding & Land Acquisition</strong></h3>



<p class="wp-block-paragraph">The project will be implemented by the <strong>Maharashtra State Road Development Corporation (MSRDC)</strong>. The government has granted <strong>administrative approval</strong> for land acquisition, with the following sanctioned amounts:</p>



<ul class="wp-block-list">
<li>₹2,006.03 crore – <strong>Principal (Land Cost)</strong></li>



<li>₹1,156.16 crore – <strong>Interest</strong></li>



<li><strong>Total</strong>: ₹3,162.18 crore</li>
</ul>



<p class="wp-block-paragraph">Land acquisition will be taken up immediately, followed by the preparation of detailed financial and technical reports. Final Cabinet approval will allow MSRDC to execute the project using the existing <strong>Public Works Department model</strong>.</p>



<p class="wp-block-paragraph">The state has also committed to <strong>cover any revenue shortfall</strong> in MSRDC’s revenue stream to ensure <strong>timely repayment of HUDCO loans</strong>, a clause included in HUDCO’s Comfort Letter.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4dc.png" alt="📜" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Official Notification</strong></h3>



<p class="wp-block-paragraph">The Government Resolution (GR) is available on <a href="https://www.maharashtra.gov.in">www.maharashtra.gov.in</a>. It marks the official administrative sanction for the project’s land acquisition phase and implementation under MSRDC’s purview.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h3 class="wp-block-heading"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>A Boost for Eastern Maharashtra</strong></h3>



<p class="wp-block-paragraph">The Nagpur–Gondia Expressway is more than a transport project — it’s a <strong>strategic investment in the Vidarbha region’s socio-economic future</strong>. By linking tribal, agricultural, and mineral-rich areas to Nagpur’s logistics and industrial ecosystem, Maharashtra aims to <strong>balance regional development</strong> and <strong>unlock new growth corridors</strong>.</p>



<p class="wp-block-paragraph">Also Read: <a href="https://squarefeatindia.com/msrdc-plots-worth-rs-15000-crore-up-for-grabs/">MSRDC Plots Worth Rs 15,000 Crore Up For Grabs</a></p>
<p>The post <a href="https://squarefeatindia.com/nagpur-gondia-expressway-gets-green-signal-%e2%82%b93162-crore-sanctioned-for-land-acquisition/">Nagpur–Gondia Expressway Gets Green Signal: ₹3,162 Crore Sanctioned for Land Acquisition</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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		<title>These are the new 19 Townships of Maharashtra</title>
		<link>https://squarefeatindia.com/these-are-the-new-19-townships-of-maharashtra/</link>
					<comments>https://squarefeatindia.com/these-are-the-new-19-townships-of-maharashtra/#respond</comments>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Sun, 11 Oct 2020 20:00:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Expressway]]></category>
		<category><![CDATA[Mahasamruddhi mahamarg]]></category>
		<category><![CDATA[MSRDC]]></category>
		<category><![CDATA[Mumbai Nagpur Expressway]]></category>
		<category><![CDATA[town]]></category>
		<category><![CDATA[township]]></category>
		<category><![CDATA[townships]]></category>
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					<description><![CDATA[<p>A total of 19 townships are being constructed in Maharashtra. Of which&#8230;</p>
<p>The post <a href="https://squarefeatindia.com/these-are-the-new-19-townships-of-maharashtra/">These are the new 19 Townships of Maharashtra</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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<p class="wp-block-paragraph">A total of 19 townships are being constructed in Maharashtra. Of which four will be in Thane district alone. </p>



<p class="wp-block-paragraph">By Varun Singh</p>



<p class="wp-block-paragraph">A total of 19 townships are being constructed by the <a href="https://msrdc.org/1307/Home">Maharashtra State Road Development Corporation </a>(MSRDC) in the state. </p>



<p class="wp-block-paragraph">Of this four townships will come up in Thane district. </p>



<p class="wp-block-paragraph">The 19 townships will come up along the Maharahtra Samruddhi Mahamarg. The 701 kilometer long expressway will connect Mumbai to Nagpur. </p>



<h2 class="wp-block-heading">The four townships in Thane are Fulgate, Kasgaon, Lenad and Mouje Chinchavali. </h2>



<p class="wp-block-paragraph">The other are in Virul, Kelzar in Wardha, Savargaonmal and Mehkar in Buldhana. </p>



<p class="wp-block-paragraph">Aurangabad will have Hadas Pimpalgaon, Ghaigaon and Babtara as new towns that shall be developed by MSRDC.</p>



<p class="wp-block-paragraph">Hingana in Nagpur, and Jamwadi in Jalna also will be developed into new towns. </p>



<p class="wp-block-paragraph">In Amravati district, Dhamangaon and Nandgaon will be developed as towns. </p>



<p class="wp-block-paragraph">Washim will have three new developments in Karanja, Manglurpir and Malegaon. </p>



<p class="wp-block-paragraph">There will be one new town developed in Ahmednagar district, it will be Savali Vihir. </p>



<p class="wp-block-paragraph">According to Radheshyam Mopalwar, Managing Director, MSRDC, these townships when fully developed will have a population of 1 lakh each. </p>



<p class="wp-block-paragraph">A senior official from MSRDC said, “The new development will have well planned road infrastructure, all social amenities like school, gardens and playgrounds.” </p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>Also these towns will have defined industrial, residential, and commercial sectors. Electric amid digital connectivity and water availability, along with proper drainage system. </p><cite>Senior Official, MSRDC</cite></blockquote>



<h2 class="wp-block-heading">MSRDC will act as the New Town Development Authority (NTDA) for the development and growth of these new towns. </h2>



<p class="wp-block-paragraph">The new towns are proposed at the intersection of the expressway and national or state highways with an average distance of 30 to 40 kilometer from each other. </p>



<p class="wp-block-paragraph">According to MSRDC officials, the acquisition of land in six such township project shall commence from Summer of 2021. </p>



<p class="wp-block-paragraph">Also Read: <a href="https://squarefeatindia.com/msrdc-plots-worth-rs-15000-crore-up-for-grabs/">MSRDC Plots Worth Rs 15,000 Crore Up For Grabs</a></p>
<p>The post <a href="https://squarefeatindia.com/these-are-the-new-19-townships-of-maharashtra/">These are the new 19 Townships of Maharashtra</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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		<title>MSRDC Plots Worth Rs 15,000 Crore Up For Grabs</title>
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		<pubDate>Thu, 08 Oct 2020 19:40:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[auction sale]]></category>
		<category><![CDATA[Bandra]]></category>
		<category><![CDATA[Maharashtra Samruddhi Mahamarg]]></category>
		<category><![CDATA[Maharashtra State Road Development Corporation]]></category>
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					<description><![CDATA[<p>MSRDC to put several plots in Mumbai, some near Mumbai-Pune Expressway on&#8230;</p>
<p>The post <a href="https://squarefeatindia.com/msrdc-plots-worth-rs-15000-crore-up-for-grabs/">MSRDC Plots Worth Rs 15,000 Crore Up For Grabs</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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<p class="wp-block-paragraph">MSRDC to put several plots in Mumbai, some near Mumbai-Pune Expressway on auction. This is expected to generate a revenue of Rs 15,000 crore for the state’s Road Development corporation.</p>



<p class="wp-block-paragraph">By Varun Singh</p>



<p class="wp-block-paragraph">Prime plots belonging to Maharashtra State Road Development Corporation (MSRDC) in Mumbai will soon be up for grabs. </p>



<p class="wp-block-paragraph">There are other plots belonging to MSRDC located on Mumbai-Pune Expressway that will also be auctioned by the corporation. </p>



<h2 class="wp-block-heading">Of the three prime MSRDC plots in Mumbai one is located at Napean Sea Road and two are at Bandra.</h2>



<p class="wp-block-paragraph">Confirming the same Radheshyam Mopalwar Vice Chairman & Managing Director, MSRDC said, “We expect Rs 15,000 crore from the auctioning of these plots.”</p>



<p class="wp-block-paragraph">An international property consultancy firm has been appointed to assist MSRDC in the auction of these plots. </p>



<p class="wp-block-paragraph">The <a href="https://www.dnaindia.com/mumbai/report-mumbai-plot-worth-rs-600-cr-up-for-grabs-in-napean-sea-road-2784332">Request For Quotation</a> of Napean Sea Road plot was floated last year in August. However, with the real estate market not being in best of its shape, the process was pushed ahead,</p>



<p class="wp-block-paragraph">Vijay Waghmare, Joint Managing Director, MSRDC said all the plots will given out on a long lease. This long lease period could be between 30 to 60 years.</p>



<p class="wp-block-paragraph">In Bandra one of the plots currently has a casting yard, which is soon expected to be vacant and other plot is nearby to it.</p>



<p class="wp-block-paragraph">The dates when the tenders for auctioning of these plots shall be decided after a board meeting of the corporation.</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“We expect Rs 15,000 crore from the auctioning of these plots.”</p><cite><strong>Radheshyam Mopalwar Vice Chairman & Managing Director, MSRDC </strong></cite></blockquote>



<p class="wp-block-paragraph">According to a realtor, Mumbai for long hasn’t seen any land parcel or a huge plot being auctioned. </p>



<p class="wp-block-paragraph">The plots would have come in the market a bit early but because of the pandemic and the downturn in the sector delayed the process.</p>



<p class="wp-block-paragraph">“MSRDC is expecting Rs 15,000 crore, but the amount they will finally generate shall depend on the market situation too. While the condition isn’t very good now, but when it comes to open plots, one can never say,” said the realtor.</p>



<p class="wp-block-paragraph">Meanwhile, on the Maharashtra Samruddhi Mahamarg (Mumbai-Nagpur Expressway) a total of 19 townships will be built. </p>



<p class="wp-block-paragraph">According to Mopalwar these townships will have close to 1 lakh population each, and land for six townships shall be acquired as soon a summer of 2021. Post which a development plan for these townships will be prepared too.</p>



<p class="wp-block-paragraph">The expressway connecting Mumbai and Nagpur is 701 kilometer long and the total project cost is Rs 55,335 crore.</p>



<p class="wp-block-paragraph">Also Read: <a href="https://squarefeatindia.com/indiabulls-takes-possession-of-villas-flats-of-wadhawan-in-mumbai/">Indiabulls takes possession of Villas, flats connected to Wadhawans in Mumbai</a></p>
<p>The post <a href="https://squarefeatindia.com/msrdc-plots-worth-rs-15000-crore-up-for-grabs/">MSRDC Plots Worth Rs 15,000 Crore Up For Grabs</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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