Maharashtra Government to make room for new residential units in Navi Mumbai’s SEZ policy

The state government has issued a notification unlocking over 1,800 hectares of land in Navi Mumbai for residential and industrial purposes. This land was acquired for Special Economic Zones (SEZ) in 2013, and is located in Ulve, Dronagiri and Kamothe in Navi Mumbai.

As per the state government’s notification, the government has now improved the SEZ policy. The amended policy will allow the usage of 85 percent of the land for industrial use and 15 percent for residential instead of the earlier 60 percent for industrial and 40 percent for residential purpose.

The notification mentioned “It is mandatory to develop 85 percent of the total land for industrial development. Integrated industrial development is the purpose of this SEZ policy. If someone fails to do so or violates the norms, heavy fines will be charged,”

It is the belief of a state government from the industries department that this acquirement of the locked SEZ land will have a dual benefit. “We will be able to set up houses and develop industry as well. It will generate employment in and around Mumbai and Navi Mumbai. Now, firms and corporate groups should come forward to use the amended SEZ policy benefits.”

To prepare the final terms and conditions, and duties and prices, a committee has been constituted under the Chief Secretary. The committee includes the Additional Chief Secretaries from the departments of finance, industries, urban development, law and judiciary, and the managing director of CIDCO.

The state government has also decided to make the land accessible to various firms who had made a memorandum of understanding with the government under the Make In Maharashtra and Magnetic Maharashtra initiative. Once the guidelines are framed and finalized, the approval will be given to developing the SEZ land.

Manohar Shroff, vice president, Maharashtra Chamber of Housing industry, Navi Mumbai has agreed with this decision. He said, “In Mumbai, we do not have the land while in Navi Mumbai, ample land is available. Besides, this demarcated land is close to JNPT, the upcoming Navi Mumbai airport, and the proposed Nhava Shewa-Sewri Link.”

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Surabhi Mahadevan

Words cannot describe my love for beauty, cats and water

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