The Maharashtra government has agreed to convert 2,140 hectares of the Navi Mumbai SEZ, into an ‘integrated industrial area’, paving the way for 15 per cent of the leased land to be used for residential purposes
The Maharashtra government has given an in-principle approval, to convert 2,140 hectares of the Navi Mumbai Special Economic Zone (NMSEZ) into an ‘integrated industrial area’. The decision to this effect was taken on January 30, 2018, at the state’s cabinet meeting, chaired by chief minister Devendra Fadnavis.
With this, the NMSEZ can apply for denotification of its special economic zone status. The centre had already started the denotification process of the SEZ. However, the state government had requested the centre to put the process on hold, a release from the chief minister’s office said.
The cabinet decision will help the promoters to use 15 per cent of the total leased land – around 1,842 hectares – for residential uses, while the rest will have to be utilised for industrial purposes, the release said. The Navi Mumbai SEZ had been proposed to be developed in three phases, on 2,140 hectares of land in Dronagiri, Ulwe and Kalamboli areas.