Tag: Maharashtra cabinet

InfrastructureLatest Stories

Maharashtra Cabinet Approves ₹6,000 Crore Loan for Purandar Airport

Representative AI image PUNE: On Tuesday, the state government approved a proposal to raise ₹6,000 crore for land acquisition related to the Purandar airport project. Principal Secretary of Industries, P. Anbalagan, informed TOI that the state cabinet has, in principle, approved the funding for the airport. A special purpose vehicle (SPV), already in place, involves CIDCO holding a 51% stake, with MIDC and PMRDA each holding 15%, and MADC holding 19%. The SPV was established earlier to facilitate the greenfield airport project. Anbalagan stated, “It has been decided to raise approximately ₹6,000 crore for acquiring land for the greenfield airport.…

InfrastructureLatest Stories

Maharashtra Cabinet OKs Iconic City and MHADA Redevelopment Plans

MUMBAI: On Tuesday, the Maharashtra cabinet sanctioned a policy for concept-driven iconic city development, aimed at maximizing land utilization held by CIDCO and various authorities. It also approved the redevelopment of certain MHADA colonies. The meeting was headed by Chief Minister Devendra Fadnavis, according to an official release. The City and Industrial Development Corporation (CIDCO) leases land parcels for diverse purposes via auctions, permitting project construction under the lease and Development Control and Promotion Regulation (DCPR) 2020 guidelines. However, for land parcels controlled by multiple construction and development operators (CDOs), integrated township-style development is currently unfeasible, the CM’s office stated.…

IndustryLatest Stories

Maharashtra Cabinet OKs Slum Redevelopment Scheme for Mumbai

MUMBAI: On Tuesday, the Maharashtra Cabinet approved a scheme aimed at redeveloping slums in Mumbai into integrated housing projects that will improve living conditions and urban infrastructure. The Slum Rehabilitation Authority (SRA), a state agency, will implement this redevelopment initiative, which is designed to accelerate large-scale slum redevelopment and enhance urban infrastructure in the financial capital. According to a statement from Chief Minister Devendra Fadnavis’s office after the Cabinet meeting, the scheme will transform slum clusters into integrated housing developments, thereby providing improved living conditions and creating opportunities for private investment and construction activity. This initiative is expected to generate…

InfrastructureLatest Stories

Maharashtra Cabinet Approves ₹2,000 Crore Loan for Urban Projects

MUMBAI: The state cabinet approved borrowing Rs 2,000 crore from the Housing and Urban Development Corporation Ltd (Hudco) on Tuesday to fund various municipal projects under the Urban Infrastructure Development Loan Scheme. An official stated, “This decision will facilitate raising Rs 822 crore for the Chhatrapati Sambhajinagar Municipal Corporation’s water supply project, Rs 268.84 crore for four sewage projects in the Nagpur Metropolitan Region, and Rs 116.28 crore for Mira Bhayandar Municipal Corporation’s water supply project.” “Several projects funded by the centrally sponsored Amrut 2.0 Mission, Swachh Bharat Mission 2.0, and the Maharashtra Golden Anniversary Urban Upliftment Mission are in…