Mihan is yet to be paid for land for Mahametro:

Maharashtra Airport Development Company (MADC) developing the Mihan project has to collect over Rs252 crore from entities allotted land in the Special Economic Zone (SEZ) and non-SEZ parts of Mihan.

In the meanwhile, hopes of economic growth tied with Mihan project, 21 out of 112 investors allotted land in the area have not paid up their dues.

The highest amount is owed by MahaMetro (former Nagpur Metro Rail Corporation) which was granted 92 acres. MADC has not yet received Rs91 crore towards land cost from MahaMetro.

MahaMetro has been allotted land two years ago in the non-SEZ area for setting up a station and a township but no amount has been paid to MADC since.

A MahaMetro spokesperson confirmed that the amount was pending but the said payment was to be done through book adjustment. The state government has to pay the amount into MADC’s account. Once the book adjustment is done, the amount would be available in MADC’s overall funds.

Other organizations whose funds are due in the non-SEZ area to have been allotted land in the limit of 1 to 2 acres. There are 36 investors in the non-SEZ area out of which 5 have not paid their dues towards the land cost. The total pending dues from allottees in the non-SEZ area reach at Rs97 crore.

Patanjali Group is the biggest and the only investor in the non-SEZ part who has cleared all its dues and its unit is under construction.

There are 76 investors in the SEZ area of the Mihan project. Of these, 16 have not paid up their dues, amounting to Rs155 crore and the land has only been allotted to them on paper. They have not yet taken physical possession. The final transfer would happen only after the whole amount is paid. It is expecting that MADC may soon take a decision on eliminating the allotment of these.

On the other hand, there are 40 investors in the SEZ who have not yet started their project even after paying the whole amount for the land.

Image Credit – Reacho