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The Maharashtra Industrial Development Corporation (MIDC) is progressing towards acquiring land for new industrial estates near Nashik. Currently, in the final stages, MIDC aims to acquire 348 hectares across two strategic locations: Maparwadi in Sinnar taluka and Rajur Bahula, a short distance from Nashik city.
MIDC plans to complete the land purchase process by the end of April, allowing it to quickly begin layout preparation and tender processes, easing the development of critical infrastructure. Officials stated that local farmers responded positively, indicating that the settlement procedure will proceed smoothly.
The finalised land rates stand at Rs 94 lakh per acre for Rajur Bahula and Rs 52 lakh per acre for Maparwadi. MIDC anticipates concluding the acquisition within the next two months, initiating immediate action on layout and infrastructural development. The projected timeline for the complete development of both industrial estates is estimated at around a year.
Industry experts, including Manish Rawal, chairman of the Nashik Industries & Manufacturers Association's (AIMA) aviation committee, applauded the initiative. Rawal highlights Nashik's developing status as a manufacturing powerhouse, citing its location between Mumbai and Pune, good climatic conditions, and abundant water supplies.
While MIDC has already developed industrial estates in Talegaon-Akrale and Ajang, stakeholders like Rawal emphasise the need for further land acquisition to attract larger investments to the region. Notably, MIDC has recently allotted land to two major industries in Talegaon-Akrale, signalling an influx of investment exceeding Rs 2,500 crore.
The accelerated pace of land acquisition near Nashik demonstrates the state government's commitment to promoting industrial expansion and recruiting investment. With infrastructural development on the horizon, these efforts have the potential to accelerate economic development and job creation in the region.
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