The City and Industrial Development Corporation has invited proposals from developers to lease and develop a large land parcel near Kelwe Road for a planned residential township intended to support nearby industrial activity.
According to an Expression of Interest (EOI) issued by the corporation, the proposed project involves the development of 51.24 hectares of land in Palghar district. The size of the parcel is larger than Vatican City, which covers around 44 hectares.
Officials said the land will be offered to developers on a 60-year long-term lease on an “as is where is” basis. The plan envisions a residential township equipped with internal roads, utility services and social infrastructure so that it can function as a self-contained community.
The project is expected to support industrial expansion in the region by providing housing for workers and employees of nearby industrial units. Authorities believe the initiative could contribute to the broader regional development strategy that Devendra Fadnavis has referred to as “Mumbai 4.0”.
At present, the land falls within an agricultural zone under the Thane–Palghar–Raigad regional development plan. However, planners have identified it as suitable for township development due to its proximity to emerging industrial clusters.
The EOI document states that priority may be given to industrial groups willing to invest in manufacturing activity in the region and build housing for their workforce close to their workplaces. The township is primarily meant to support industrial employment rather than serve as a conventional real estate project for open market plot sales. Limited retail and recreational facilities may be included to meet residents’ daily needs.
Developers applying for the project must meet financial and technical eligibility criteria, including an average annual turnover of at least Rs 2,000 crore over the past three years and a minimum net worth of Rs 1,000 crore. Applicants must also demonstrate experience in executing large industrial township projects worth at least Rs 800 crore. Preference may also be given to companies that already own industrial land near the proposed site.
Source: Hindustan Times
