Tag: Devendra Fadnavis

CommercialLatest Stories

Maharashtra Govt buys Air India Mumbai building for ₹1,601 Cr

File Photo MUMBAI: On Tuesday, the Maharashtra government officially acquired the renowned Air India building, a standout feature of Mumbai’s skyline, for Rs 1,601 crore. The agreement transfer between Air India Assets Holding Company and the state Public Works Department (PWD) was finalized in the presence of Chief Minister Devendra Fadnavis, following a cabinet meeting at ‘Mantralaya’, the state secretariat. Attendees included Deputy Chief Minister Sunetra Pawar, Tourism Minister Shambhuraj Desai, Public Works Minister Shivendrasinhraje Bhosale, Chief Secretary Rajesh Agrawal, Additional Chief Secretary (PWD) Milind Mhaiskar, Mumbai City Collector Anchal Goyal, and Air India officials. Built in 1974, the iconic…

InfrastructureLatest Stories

Uncertainty Surrounds 500+ Acre Land Deal for New Nagpur

NAGPUR: The rising land acquisition costs are becoming a significant challenge for the New Nagpur Project, which is positioned as a key urban expansion initiative by the Maharashtra government. The project originally aimed to acquire approximately 1,710 acres (around 692 hectares) of land. However, the Nagpur Metropolitan Region Development Authority (NMRDA) has indicated that around 500 to 600 acres remain uncertain for acquisition. According to senior officials at NMRDA, the initial land acquisition cost estimated at ₹3,000 crore has surged past ₹4,000 crore, with expectations of further increases. The Times of India was the first to report this rise of…

IndustryLatest Stories

MHADA Approves Consortium for 33-Acre Abhyudaya Nagar Project

The Maharashtra Housing and Area Development Authority (MHADA) has granted a letter of acceptance (LoA) to a consortium made up of M.G.N. Agro Properties, N.N.P. Buildcon, and Honest Shelters for the large-scale redevelopment of the Abhyudaya Nagar colony. This area spans 33 acres in Kalachowki, South Mumbai, and signifies a significant advancement in the city’s public housing renewal efforts. As part of the redevelopment initiative, residents currently residing in 210 sq ft tenements will receive new flats of 641 sq ft carpet area at no cost. This project will follow a Construction and Development (C&D) model managed by an appointed…

Latest StoriesResidential

Dharavi Residents to Receive 500-754 sq ft Rehab Flats

MUMBAI: Residents of chawls and buildings included in the Dharavi Redevelopment Project will receive rehabilitation flats ranging from a minimum of 500 sq ft to a maximum of 754 sq ft, free of charge. This initiative will benefit approximately 8,700 households within the Dharavi Notified Area, encompassing both chawls and housing societies. This decision follows directives issued by CM Devendra Fadnavis during a meeting last May, where he instructed the DRP to propose a minimum carpet area of 500 sq ft to the government for approval, accompanied by justifications. Consequently, the DRP submitted a proposal for a minimum carpet area…

IndustryLatest Stories

Devendra Fadnavis to Lead Maharashtra Business Summit 2026

MUMBAI: The inaugural Maharashtra Business Summit & Awards 2026, hosted by ETGovernment–The Economic Times, is set to take place on April 23–24 at the iconic Taj Lands End. This event promises to be one of the year’s most significant economic gatherings. Chief Minister Shri Devendra Fadnavis will be the Chief Guest, joined by various ministers, senior officials, global investors, industry leaders, and diplomats. This convergence of policy, capital, and global influence is rare and highly anticipated. Positioned as a pivotal platform at this vital juncture in Maharashtra’s economic landscape, the summit will gather influential decision-makers and business leaders to outline…

Latest StoriesResidential

Maharashtra CM Calls for Strong Affordable Housing System in Mumbai

File Photo MUMBAI: On Friday, Maharashtra Chief Minister Devendra Fadnavis directed the establishment of an effective system for affordable rental housing in Mumbai, along with the creation of a dedicated portal for public access. Recognizing the influx of individuals moving to Mumbai for employment and entrepreneurship, Fadnavis emphasized the pressing need for housing, asserting that the government must ensure the availability of rental properties at reasonable prices. He underscored the necessity for supply to meet demand and advocated for a coordinated approach to alleviate challenges faced by both landlords and tenants, as indicated in an official statement. Fadnavis also stressed…

Latest StoriesResidential

Maharashtra CM: Cluster Redevelopment to Aid 700K Slum Dwellers

Representative AI image MUMBAI: Approximately seven lakh slum dwellers will benefit from the slum cluster redevelopment scheme, as informed to CM Devendra Fadnavis during the 16th meeting of the Slum Rehabilitation Authority (SRA) on Friday at the Sahyadri state guesthouse. SRA chief Mahendra Kalyankar stated, “Due to the limited response to joint venture projects and stalled schemes, the government has decided to promote integrated and sustainable development under the Slum Cluster Redevelopment scheme, in alignment with the state housing policy for 2025.” He added that the process to identify slum cluster areas is underway. During the meeting, an additional Rs…

InfrastructureLatest Stories

Maharashtra to Speed Up Land Surveys Using Private Firms

Representative Image NAGPUR: The Maharashtra government has announced a comprehensive revamp of land survey procedures, employing trained and licensed private surveyors in every district. This initiative aims to address the growing backlog and expedite development approvals. Revenue Minister Chandrashekhar Bawankule revealed the decision following a meeting with Chief Minister Devendra Fadnavis. The reform is intended to ensure the “accurate, timely, quality, and transparent” handling of land measurement cases. Consequently, an official government order outlining the operational framework has been issued. Under the revised system, land surveys will adhere to pre-determined schedules, with advance notices issued by the deputy superintendent of…

InfrastructureLatest Stories

Maharashtra CM Advocates Metro Expansion in Pune’s New Areas

Representative AI image PUNE: The Phase-II expansion of the Metro system in and around Pune is set to gain momentum, as Chief Minister Devendra Fadnavis announced plans to enhance the transit infrastructure in several cities, including Mumbai and Nagpur. The proposed Khadakwasla-Swargate-Hadapsar-Kharadi line, along with new routes from Hadapsar to Loni Kalbhor and from Hadapsar to Saswad Road, aims to connect older city areas with newer developments. If implemented on schedule, these lines will significantly benefit countless commuters. Fadnavis stated that the state government is focused on expanding the Metro network and has approved the new lines in Pune and…

InfrastructureLatest Stories

Maharashtra CM unveils ₹23,487-crore metro to Gateway of India

MUMBAI: Maharashtra Chief Minister Devendra Fadnavis unveiled significant infrastructure initiatives during the Budget 2026-27 presentation on Friday. Among these projects are plans for an underground tunnel network in Mumbai and Pune, as well as a Rs 23,487-crore metro line leading to the Gateway of India. In his Budget address to the assembly, Fadnavis indicated that the government aims to construct 1,200 km of metro lines and over 6,000 km of expressways to establish a seamless connectivity system for both passenger and freight transportation by 2047. He noted that efforts are underway for a 490 km metro network in Mumbai, Pune,…