Maharashtra Gains Rs 6.40 Bn from Land Conversion
ECONOMY & POLICY

Maharashtra Gains Rs 6.40 Bn from Land Conversion

Maharashtra has generated Rs 6.40 billion over the past five years through the conversion of collector land. The revenue generated underscores the state's utilisation of land conversion as a financial avenue, contributing to its fiscal resources.

The revenue from land conversion highlights Maharashtra's strategic approach to managing its land assets. The conversion process allows the state to unlock the economic potential of collector land, converting it into a valuable resource for development and generating funds for various initiatives.

The substantial revenue figure reflects the importance of land conversion as a financial instrument for the state. Maharashtra's ability to capitalise on its land assets through conversion aligns with its broader economic and developmental goals, leveraging available resources for sustained growth.

Land conversion is a key aspect of land-use planning, enabling the state to allocate land for diverse purposes, including commercial, residential, and industrial developments. The revenue generated contributes to the state's ability to fund infrastructure projects, public services, and other developmental activities.

As Maharashtra continues to explore avenues for economic growth and resource mobilisation, the successful implementation of land conversion demonstrates its commitment to optimising land assets for the benefit of the state and its residents.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Maharashtra has generated Rs 6.40 billion over the past five years through the conversion of collector land. The revenue generated underscores the state's utilisation of land conversion as a financial avenue, contributing to its fiscal resources. The revenue from land conversion highlights Maharashtra's strategic approach to managing its land assets. The conversion process allows the state to unlock the economic potential of collector land, converting it into a valuable resource for development and generating funds for various initiatives. The substantial revenue figure reflects the importance of land conversion as a financial instrument for the state. Maharashtra's ability to capitalise on its land assets through conversion aligns with its broader economic and developmental goals, leveraging available resources for sustained growth. Land conversion is a key aspect of land-use planning, enabling the state to allocate land for diverse purposes, including commercial, residential, and industrial developments. The revenue generated contributes to the state's ability to fund infrastructure projects, public services, and other developmental activities. As Maharashtra continues to explore avenues for economic growth and resource mobilisation, the successful implementation of land conversion demonstrates its commitment to optimising land assets for the benefit of the state and its residents.

Next Story
Infrastructure Transport

Design Flaw Stalls New Four-Lane Bridge Project in Jamshedpur

The construction of a four-lane bridge between Litti Chowk and NH 33 has been delayed due to design concerns. Current work is limited to bush clearing near Mango, as engineers have identified alignment issues with the bridge. They noted that a portion of the design encroaches into the Subarnarekha River, according to Executive Engineer Deepak Sahay. In response, survey teams are working on revised plans. The state government has allocated Rs 440 million for the bridge's construction, with an additional Rs 330 million earmarked for land acquisition. Tata Steel has contributed 20-30 per cent o..

Next Story
Infrastructure Transport

Govt Proposes Plan for Strategic Paddar-Zanskar Road Construction

The Government has prepared a proposal for the construction of the Paddar-Zanskar road, which will establish an additional connection between Jammu and Ladakh. This project aims to enhance tourism, bolster local economies, and facilitate the movement of troops to the China and Pakistan borders in Ladakh. Officials indicated that the Union Ministry of Road, Transport and Highways is expected to undertake the project after conducting a detailed study of its route. The road’s construction was initially announced by Union Home Minister Amit Shah during a public rally in Paddar in September las..

Next Story
Infrastructure Transport

TN Govt Allocates Rs 8.04 Bllion to Boost 746 Rural Roads

MK Stalin, Chief Minister, Tamil Nadu, unveiled a major initiative aimed at constructing and maintaining an extensive network of roads in rural areas. The State government announced that the project, with an estimated cost of Rs 8.04 billion, is designed to enhance connectivity for Tamil Nadu's rural population, thereby narrowing the divide between urban and rural regions. A government release highlighted that the project involves the construction of 746 roads covering a total distance of 1,452.97 kilometre across 37 districts in the state. It added that the initiative is being financed thro..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000