Tag: Maharashtra Industrial Development Corporation

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Bombay HC Dismisses MIDC’s Petition on Nashik SEZ Land

The Bombay High Court has dismissed a petition from the Maharashtra Industrial Development Corporation (MIDC) aimed at evicting Indiabulls Industrial Infrastructure from a special economic zone (SEZ) project in Sinnar, Nashik. The ruling upheld prior interim relief granted by the Nashik district judge, which had suspended MIDC’s eviction order from February 29, 2024. Indiabulls Industrial Infrastructure (IIIL) is now part of Embassy Developments. The dispute traces back to 2007 when MIDC and Indiabulls signed an agreement to develop nearly 2,500 acres into an SEZ. MIDC held an 11% equity stake, while Indiabulls retained 89%. Lease agreements were executed from 2007…

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Hinjewadi Road Clean-Up Boosts Call for Tighter Transport Rules

PUNE: Maharashtra Industrial Development Corporation (MIDC) officials are set to address the accumulation of mud and debris on roads due to vehicles traveling to and from construction sites in the Megapolis Township area, in response to multiple complaints from Hinjewadi residents. MIDC has directed construction site managers to ensure that vehicles transporting mud or materials are adequately covered and that the wheels are cleaned before leaving the site. MIDC chief engineer Nitin Wankhede informed TOI that while these regulations exist, they are frequently overlooked, leading to ongoing issues. “If everyone abides by the rules, we wouldn’t have a problem,” he…