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November 21, 2024 6:21 PM

Commercial Property

Maharashtra Government To Develop Integrated City In Raigad

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The Maharashtra Government has recently announced to develop a new Integrated City in the Raigad district of the state. This will be the third planned city in Maharashtra after Navi Mumbai and Navi Mumbai Airport Influenced Notified Area (NAINA). The notification has been issued by the government officials in a recently held meeting.

As per the notification, City and Industrial Development Corporation (CIDCO) has been appointed as a special planning authority for the development of the new city. The city will develop on the banks of Kundlik River and will be at a distance of around 100 km from Navi Mumbai. It will cover an area of 19,147 hectares.

The government notification says that the integrated city will be developed by acquiring 40 villages spread across 4 Talukas of Raigad namely- Roha, Alibaug, Murud, and Shrivardhan.

Giving more information on the same, Senior CIDCO official said, “The state govt. has already issued land acquisition notification. We are working on the master plan after that further discussion will take place.”

Moreover, according to the state government’s integrated township policy, out of the total land acquired to develop the city, 60% will be used for industrial development and rest 40% can be used for other commercial and residential development. As the township will be developed on the banks of the river, the govt. is also thinking to use it as a cargo carrier. It will bring several leading industries to set up their base in the township city.

Nisha Shiwani hails from the pink city of Jaipur and is a prolific writer. She loves to write on Real Estate/Property, Automobiles, Education, Finance and about the latest developments in the Technology space.

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