亚博体育官网首页

Special Township Policy allows developers to run townships in Maharashtra for 10 years
Real Estate

Special Township Policy allows developers to run townships in Maharashtra for 10 years

Under its Special Township Policy for Integrated Development, the Maharashtra Government has decided to grant permission to build private townships on at least 100 acre. The developers, however, will have to build the townships following norms of the Centre鈥檚 Smart Cities project. Developers building private townships on 100 acre or more in Maharashtra will be allowed to build and look after infrastructure 鈥� internal roads, water supply, electricity distribution and local transport 鈥� for the first 10 years, after which its governance will be handed over to a civic body.

According to reports, the developers can also decide on the charges to be recovered from the occupants of the township for the first 10 years. After 10 years, the government will form a civic body for the area and that will take over the basic administration from the developer.

The now-finalised Special Township Policy facilitates development of self-sufficient modern townships, with developers being tasked with providing and maintaining public amenities (gardens, playgrounds, town hall, school, health care facilities, police station, fire brigade); basic infrastructure; commercial activities (shopping complex and movie theatre); smart facilities (broadband connectivity and CCTV network for security); and public transport (to and from nearest railway station or bus station).

Under the policy, developers will get 1.7 to 2 floor space index (FSI) to build the township. The state government has also made it mandatory for the developers to provide 20 per cent of the built-up area for affordable housing, including 5 per cent for rental housing. Further, while the government expects the new policy to boost development of private townships in the MMR as well as in the vicinity of cities such as Pune, Nashik and Nagpur, it has already received 22 proposals for building such townships and has set up a target of clearing 10 proposals every year, as per reports.

Under its Special Township Policy for Integrated Development, the Maharashtra Government has decided to grant permission to build private townships on at least 100 acre. The developers, however, will have to build the townships following norms of the Centre鈥檚 Smart Cities project. Developers building private townships on 100 acre or more in Maharashtra will be allowed to build and look after infrastructure 鈥� internal roads, water supply, electricity distribution and local transport 鈥� for the first 10 years, after which its governance will be handed over to a civic body. According to reports, the developers can also decide on the charges to be recovered from the occupants of the township for the first 10 years. After 10 years, the government will form a civic body for the area and that will take over the basic administration from the developer. The now-finalised Special Township Policy facilitates development of self-sufficient modern townships, with developers being tasked with providing and maintaining public amenities (gardens, playgrounds, town hall, school, health care facilities, police station, fire brigade); basic infrastructure; commercial activities (shopping complex and movie theatre); smart facilities (broadband connectivity and CCTV network for security); and public transport (to and from nearest railway station or bus station). Under the policy, developers will get 1.7 to 2 floor space index (FSI) to build the township. The state government has also made it mandatory for the developers to provide 20 per cent of the built-up area for affordable housing, including 5 per cent for rental housing. Further, while the government expects the new policy to boost development of private townships in the MMR as well as in the vicinity of cities such as Pune, Nashik and Nagpur, it has already received 22 proposals for building such townships and has set up a target of clearing 10 proposals every year, as per reports.

Next Story
Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Next Story
Infrastructure Transport

Avinashi Flyover: Huge Iron Span to be Placed Over Railway Overbridge

A senior official from the Special Project Wing explained that a concrete deck of such length was not practical across active railway lines. Therefore, the department had decided to opt for a specially fabricated iron span.With the span now ready, its installation is awaiting railway clearance. The Salem Division of Southern Railway has already given its approval, while the final clearance is still pending from the Southern Railway headquarters in Chennai. For the installation process, railway operations under the ROB will need to be suspended for at least five days.The official also mentioned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement