Latest news with #MaharashtraStateInfrastructureDevelopmentCorporation
Time of India
15-07-2025
- General
- Time of India
Collectorate Twin Towers Project Reshaped To Save 147-Year-Old Trees
Nagpur: In an encouraging move toward environmental sustainability, the Maharashtra State Infrastructure Development Corporation (MSIDC) redesigned parts of the District Collectorate twin towers project to preserve century-old heritage trees, some over 147-years-old, on the construction site. MSIDC managing director Brijesh Dixit said that 42 trees originally stood within the project's footprint, including trees aged 147, 115, and 112 years. Rather than cutting them down, engineers changed the building design and applied advanced techniques to safeguard these natural assets. A 'tree peat' method was used, allowing the roots to be protected without disturbance. Additionally, geo-textile materials were laid up to 20 feet deep around the roots to ensure their safety during excavation and construction activities. These combined efforts successfully saved six mature trees, which were initially at risk. While authorities already granted permission to fell 36 trees, MSIDC took additional steps to protect as many as possible. "These trees are not merely part of the landscape but represent the living heritage of the city. Our team worked diligently to incorporate environmental care into this massive infrastructure project," Dixit said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Forget Furosemide, Use This Household Item To Help Drain Edema Fluid WellnessGuide Learn more Undo In parallel, MSIDC planted 1,735 new trees at various locations across Nagpur as part of compensatory afforestation. Dixit added that clear guidelines have been issued to project teams to prioritise tree conservation throughout the construction period. The twin towers project is envisioned as a green building initiative, featuring extensive use of solar energy, energy-efficient design, and sustainable construction materials. Set to rise on a 30,471-square-metre plot, the 12-floor building will house two auditoriums with capacities of 500 and 300 seats, respectively, along with parking for 450 four-wheelers and 1,200 two-wheelers. As reported by TOI earlier, the project received a funding boost of Rs50 crore and Rs27 crore in two phases and is set to receive more as and when required. The total budget is Rs271 crore. The demolition of older structures, including the tehsildar building, was completed recently to clear space for the new towers. The heritage collectorate building will remain untouched and repurposed. Completion is expected by December 2027. Officials confirmed that demolition work is now fully finished, digging and foundation activities are almost complete, and construction has commenced. They also assured that sufficient funds are available to maintain steady progress and avoid delays. By successfully blending heritage tree preservation with modern infrastructure development, the MSIDC is setting an example for environmentally conscious urban projects.
Time of India
15-07-2025
- Business
- Time of India
City set to get tallest comm complex with Rs235cr Cotton Market redevpt
1 2 Nagpur: The city is set to get its tallest commercial complex yet — towering at 102.9 metres — after municipal commissioner Abhijeet Chaudhari on Monday gave nod to Maharashtra State Infrastructure Development Corporation (MSIDC) for the ambitious Rs235 crore base value redevelopment of Cotton Market. The project is part of Nagpur Municipal Corporation's (NMC) vision for sustainable and holistic urban renewal. "The project will be implemented under the design, build, operate and finance model," said an official privy to the development. Spread over 8,070sqm, the upcoming integrated commercial complex will offer a built-up area of 60,947sqm, transforming the decades-old market which is currently in a bad shape into a modern multi-use vertical hub. The project received planning approval and alignment clearance through letters issued on June 6, 2025. The new structure will feature two towers: one for offices and another for a hotel with service apartments from the 5th to 24th floor. The lower levels are designed to accommodate a variety of public and commercial uses — retail shops, restaurants, cafes, cinema halls, a health club, library, kids' play area, and a function hall. The project also includes a lower ground floor with 28 rehabilitation shops and space for Ganesh Mandal exhibitions. For mobility, provision has been made for parking 319 cars and 658 two-wheelers, with a road width of 24 metres aiding access. While open space is included in the master plan, it will not be part of Phase 1. The redevelopment will also cater to existing stakeholders. A total of 28 shops have been considered for rehabilitation, including both authorised and encroached units. A 1,520sqm on the lower ground floor will be dedicated for this purpose, at a rehabilitation cost of Rs6.57 crore. The civil construction cost is estimated at Rs291.94 crore (excluding GST), with the overall cost per sqm pegged at Rs46,537. Based on ready reckoner land rates, land cost is valued at Rs 46.63 crore. The minimum revenue expected by NMC from the project is Rs235.62 crore, payable over five years in six instalments. Including development charges and interest, the receivable rises to Rs258.60 crore. The project's internal rate of return (IRR) is calculated at 17.56%, with a weighted average cost of capital (WACC) of 13%. The development is planned over a five-year period, with a total sales and revenue realisation cycle spanning seven years. An upfront premium of Rs15.54 crore will also be paid to NMC, with revenue sharing applicable during the initial five years. The Cotton Market redevelopment is poised to redefine Nagpur's commercial skyline, marking a key milestone in the city's transition toward planned vertical infrastructure and integrated urban spaces. Along with this, the MSIDC is also developing five more commercial complexes for the NMC, and they include DIK Hospital, Netaji Market, Dahi Bazaar, Itwari Market, and Santra Market. Box Nagpur's skyline widening: Tallest tower to feature retail, offices, hotel & modern amenities with rehab for local stakeholders Tallest commercial complex: The project will rise to 102.9 metres, making it Nagpur's tallest commercial complex, with two towers — one for offices and another for a hotel with service apartments from the 5th to 24th floor Parking capacity: The design includes parking for 319 cars and 658 two-wheelers, with a 24-metre-wide access road to facilitate vehicular movement Modern amenities: The complex will host a variety of amenities including retail shops, restaurants, cafes, cinema halls, a health club, library, kids' play area, and a function hall Rehabilitation provision: A 1,520 sq mtr lower ground floor area has been earmarked for 28 rehabilitation shops, including both authorized and encroached units, with a rehabilitation cost of Rs6.57 crore Financials & development model: The project will follow the design, build, operate, and finance (DBOF) model, with a minimum NMC revenue of Rs235.62 crore, and internal rate of return (IRR) of 17.56% over a five-year construction and seven-year revenue realization cycle
Time of India
12-07-2025
- Business
- Time of India
Govt reclassifies 21ha land for Rs235cr intl farmers convention centre at Dabha
Nagpur: In a significant boost to Vidarbha's agricultural development, the state govt has reclassified over 21 hectares of land in Dabha, paving the way for the construction of a Rs235.67 crore International Farmers Convention Centre. The project, which is already under construction on land belonging to Dr Panjabrao Deshmukh Krishi Vidyapeeth (PDKV), is being executed by the Maharashtra State Infrastructure Development Corporation (MSIDC) and will be the first-of-its-kind in Vidarbha. According to a recent Urban Development Department notification, the govt has approved a proposal from the Nagpur Improvement Trust (NIT) to reclassify 21.48 hectares of the total 23.68 hectares in Mouza Dabha from earlier reservations — golf course, agriculture, burial ground, schools and park land — to public/semi-public zone. The remaining portion will continue to accommodate development plan roads of 36 and 18 metres width. Officials confirmed that the convention centre is being constructed on 59,360 square metres within the Krishi Mahavidyalaya campus in Dabha. The entire land parcel is being utilised for the project, with some areas kept aside for future expansion. "The centre is envisioned with modern architecture and will include state-of-the-art facilities for agricultural exhibitions, research, and conferences," sources involved in the project said. Amenities under construction include a pickup and drop zone, general and VIP parking, exhibition hall, food court, business lounge, operations office, and storage spaces. Sources said the work on the project began in February this year, and the targeted completion period is two years. "Once completed, the convention centre is expected to serve as a platform for international agricultural conferences, technical seminars, and farmer education programmes, especially benefiting farmers across the Vidarbha region. The facility will eventually be handed over to PDKV, which will be responsible for managing and utilising the space," said sources. The project is a dream initiative of Union minister Nitin Gadkari, who long envisioned an international-scale centre dedicated to agriculture in the region.
Time of India
30-06-2025
- Politics
- Time of India
Form Statewide Policy On Compensatory Afforestation: HC to MSIDC
Nagpur: The Nagpur bench of Bombay high court on Monday directed the Maharashtra State Infrastructure Development Corporation (MSIDC) to develop a comprehensive statewide policy for tree cutting and compensatory afforestation. This directive came after reports revealed violations of the Maharashtra Urban Areas Protection and Preservation of Trees Act during infrastructure projects. A division bench comprising justices Nitin Sambre and Sachin Deshmukh granted MSIDC four weeks to submit a detailed affidavit outlining its policy, compliance measures, and monitoring mechanisms. The order emerged from the hearing of a public interest litigation filed by Preeti Patel and three others, who alleged large-scale tree felling in breach of regulations during city development works. The petitioners were represented by advocate Mrinall Chakravarty, while Gemini Kasat appeared for Nagpur Municipal Corporation (NMC). Earlier, the court criticised MSIDC for not fulfilling its responsibilities after a tree audit revealed that 749 of 1,861 trees planted as compensatory afforestation had died. These trees were intended to replace 36 that were cut down to construct new buildings for the district collector and divisional commissioner's offices. In Monday's hearing, MSIDC's general manager Brijesh Dixit appeared in person as previously directed and submitted an affidavit. He stated that a total of 1,779 saplings were planted to replace the felled trees and that watchmen would now be deployed to monitor the plantations at both the original and newly identified sites. However, the court deemed the response unsatisfactory and instructed Dixit to provide a more detailed and clear affidavit within two weeks, explaining all aspects of the plantation, survival rate, and long-term maintenance. The NMC Tree Authority had earlier ordered MSIDC to plant 1,735 trees to compensate for the 36 trees removed. The high number of tree deaths led to strict scrutiny and Dixit being summoned to court. In October 2024, MSIDC sought permission to fell or transplant 40 trees for constructing new buildings for the collectorate and divisional commissioner's offices. After site inspections in February 2025, the Tree Authority found 15 heritage trees and 21 non-heritage trees at risk. In a March 2025 meeting, permission was granted to cut 35 of these and transplant one tree, with the strict condition that 1,735 new trees be planted in compensation. Initially, MSIDC proposed to carry out the plantation at Gorewada. However, the court directed that all trees be planted within city limits. The agency later reported planting 1,861 trees at Vayusena Nagar, Dattawadi, Dabha, Wathoda, and near Futala Lake. Inspections conducted by the Tree Authority on June 21 and 23 revealed that 749 trees had died, over 400 were under six feet in height, and many sites lacked basic care such as water supply and fencing.
Indian Express
05-06-2025
- Business
- Indian Express
Building Pune: How a proposed 25-km flyover can ease traffic congestion on Pune-Solapur highway
The Maharashtra government has decided to address traffic congestion on the Pune-Solapur highway by constructing a 25-km flyover from Hadapsar to Yavat, according to officials. The project will be implemented by the Maharashtra State Infrastructure Development Corporation (MSIDC). In a recent resolution, the government announced that the elevated route from Hadapsar to Yavat on National Highway 65, between Pune and Solapur, will be developed to address traffic issues. 'Traffic jams are witnessed on the existing highway. The route is important for Pune and Solapur district to transport agricultural products, industrial goods and for other commercial purposes,' said Pradnya Walke, a Deputy Secretary in the state government. The 25-km six-lane flyover will be constructed from Hadapsar to Yavat on the existing highway, which will also be expanded to six lanes underneath. Also, a 6.5-km stretch of the highway from Yavat to Solapur will be expanded to six lanes. 'The estimated project cost is Rs 5,262.36 crore, which will be implemented on a build-operate-transfer (BOT) basis. The state government will impose a toll on all vehicles once the project opens for public use,' said an MSIDC officer. The toll will only be collected through FastTag, GPS, or other advanced technology systems as specified by the MSIDC. He added that the state government will review the toll rates every three years. The state government will provide funds for existing highway expansion only, and the remaining work will be done through a public-private partnership. If the proposed flyover has to be diverted due to the proposed Pune Metro rail line, then the MSIDC will have to seek permission from the state government. The proposed flyover on the Pune-Solapur highway is similar to the proposed Wagholi-Shirur flyover on the Pune-Ahmednagar highway and the greenfield project between Pune and Aurangabad. The state government aims to improve the traffic situation on highways while also reducing the impact at entry points and within the city of Pune. Plans are in place to divert heavy vehicles through a proposed ring road that will connect all highways passing through the city. The construction of the flyover from Wagholi to Shirur is expected to begin soon, while the missing link on the Pune-Mumbai Expressway is nearing completion. This missing link, which bypasses Lonavala on the Pune-Mumbai Expressway, is expected to save passengers over half an hour in travel time and reduce fuel consumption for vehicles. Ajay Jadhav is an Assistant Editor with The Indian Express, Pune. He writes on Infrastructure, Politics, Civic issues, Sustainable Development and related stuff. He is a trekker and a sports enthusiast. Ajay has written research articles on the Conservancy staff that created a nationwide impact in framing policy to improve the condition of workers handling waste. Ajay has been consistently writing on politics and infrastructure. He brought to light the lack of basic infrastructure of school and hospital in the hometown of Maharashtra Chief Minister Eknath Shinde even as two private helipads were developed by the leader who mostly commutes from Mumbai to Satara in helicopter. Ajay has been reporting on sustainable development initiatives that protects the environment while ensuring infrastructure development. ... Read More
