THANE: The first-ever cluster redevelopment project to be executed in Maharashtra's Thane will set a template for the state to replicate in the future, urban development department minister Eknath Shinde said on Tuesday.

Shinde was addressing the media following the groundbreaking ceremony of a transit camp to be constructed for the first phase of the project to be executed at the densely populated Kisan Nagar which is dotted with several illegal and derelict structures.

“The pilot project will be executed by Cidco that will be helpful for all future projects and will give clarity on the business model for developers who are presently shying away from the same. This is the first project to be executed in the state on a massive scale where nearly 1,500 hectares of land will be developed,” Shinde said.

Civic officials said the transit camp is being developed at an amenity plot in Vartak Nagar spread over 1,645 sq metre and will have 243 tenements of 300 sq feet each for temporary accommodation of residents. Once the building is ready, residents will be relocated and their existing structures razed to construct the highrise as per the plans.

“The construction will cost Rs 35 crore and will be expedited to ensure timely relocation and subsequent completion of the first phase of the brownfield project,” said officials.

Shinde, in his address, said the cluster redevelopment was proposed for the city after a spate of building collapses in the previous decade. As many as 45 urban renewal plans have been proposed for the city of which six have got approval and will be taken up soon for execution once the Kisan Nagar project is executed, said officials.

Source: timesofindia.indiatimes.com

Back to All Thane Real Estate News

To Get More Information About Properties in Thane City Or Call us On 9930011453 or Email us On info@propertythane.com

Share This: