Cidco to Create mixed-use township in Palghar – News2IN
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Cidco to Create mixed-use township in Palghar

Cidco to Create mixed-use township in Palghar
Written by news2in

MUMBAI: A brand new, intended satellite township is going to be constructed at Palghar, approximately 115km in Mumbai. This is going to be the 2nd such township following Navi Mumbai, the growth of which began from the 1970s.

The township is going to be created on 337 hectares awarded into the City and Industrial Development Corporation (Cidco) in lieu of building the district headquarters, spending Rs 1,000 crore. Cidco was awarded 400 hectares, where 70 hectares is prime sea-facing property. The 337 hectares, that could adapt 35 Oval Maidans, is on the opposite side of this recently constructed district HQ disperse over 103 hectares.

“We have never been able to forecast the market with all the Covid pandemic. We have, thus, invited expression of interest since we would like to understand what the marketplace needs, comprehend the perspectives of stakeholders, make it educational institutions, IT companies, big industrial homes, specialists, scholars. Covid has altered how we will live and we would like to understand what’s going to be the perfect merchandise combination for Palghar,” said Sanjay Mukherjee, MD, Cidco.

Mukherjee said the Mumbai Metropolitan Region Development Authority (MMRDA), that is the planning authority for its area, needs Palghar for a home township. Together with the terminal channel for the Bullet train in BKC, the MMRDA suggests to change its own trunk to Palghar to ensure its workers can live and operate and when needed traveling by the Bullet train to BKC.

The draft program is prepared and based upon the reply Cidco could enable four to five master programmers to create the township. In case the reply is bad, Cidco will construct auction and infrastructure plots.

Mukherjee desires Palghar to become a walk-to-work location. Palghar town at present includes its industrial place also. The Trans MIDC Industries Association (TMIA), that reflects businesses from the Thane-Navi Mumbai belt,” stated the educated industrial region has to be deducted in the near future civic body, the newest Palghar town municipality.

“Municipal bodies don’t have any part to play in industrial locations. MIDC is a statutory business, which will be duty-bound to give amenities and infrastructure within this field. The Maharashtra government has failed to honor the constitutional mandate which advised industrial regions should be exclusive. Navi Mumbai and also Panvel industrial regions are contained in municipal constraints, leading to double taxation, leading to flight of businesses to other nations,” said Raja Bujle, chairman, authorized, for TMIA.

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