MIDC
The Maharashtra Industrial Development Corporation (MIDC) has again failed to get any bids for the Information Technology (IT) Park. This happened despite reduction in bidding rate and after deciding to extend the deadline by 10 days. The IT Park has been lying idle for over a decade. The economic slowdown had pushed the expansion plans of the [...] Continue Reading »
The Indian arm of the Swedish mining & construction company Sandvik Smith AB, Sandvik Asia, has has appointed Parag Satpute as the new country manager for India. Ajay Sambrani, who quit the firm, is replaced by him. He is an MBA from Warwick Business School, UK with a bachelor’s degree in Mechanical Engineering from Pune [...] Continue Reading »
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
After the Maharashtra Industrial Development Corporation (MIDC) recently sanctioned the implementation of 1.5 floor space index (FSI) for its industrial estates, around 500 small and medium enterprises in Satpur and Ambad are planning to use the hiked FSI for the expansion of their existing facilities. According to the new industrial policy, the state government raised [...] Continue Reading »
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, [...] Continue Reading »
Nashik: The Nashik Municipal Corporation (NMC) is all set to increase the price offered for the Anandvalli land deal with Maharashtra Industrial Development Corporation (MIDC) from Rs 1 crore to Rs 1.12 crore. This is expected to end the deadlock of the deal. The housing project in Anandvalli has been delayed for over an year, [...] Continue Reading »
With the new industrial policy in place, there is no much hope for increasing housing stocks in Pune. Even officials of Maharshtra Industrial Development Corporation (MIDC) have admitted that majority of the SEZs will not have enough land left with to implement the schemes. Even, the realtors have pointed out lack of basic civic infrastructure [...] Continue Reading »
Nagpur- The Delhi Metro Rail Corporation (DMRC ) suggested two metro routes for the Nagpur metro rail project. In this regard, a presentation was given by DMRC officials to Nagpur Improvement Trust (NIT) on January 22, 2013. The suggestion took the progress of Nagpur metro to a new phase. As per the presentation, DMRC suggested [...] Continue Reading »
The civic body is considering to give the rebate in property tax to the industries in Satpur and Ambad industrial areas of Maharashtra Industrial Development Corporation (MIDC). Haribhau Phadol, NMC’s deputy municipal commissioner (Octroi), said that they have already given five percent discount to the industries in property tax for using solar energy but now [...] Continue Reading »
Mumbai- The High Court has observed that about 20 liters of industrial waste is being set free daily without any treatment. The HC aimed the Maharashtra Pollution Control Board and Maharashtra Industrial Development Corporation in order to crackdown the polluting of industrial units. On November 20, 2012 a new division with Chief Justice Mohit Shah [...] Continue Reading »
