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Addressing entrepreneurs at the Viksit Vidarbha Summit, Union minister Nitin Gadkari said development worth Rs50,000 crore was planned for the area. The plan provides for alternative housing for around 800 families and affordable commercial space for existing businesses affected by the redevelopment. However, no date has been announced for the cabinet meeting. TOI had recently reported that planning for the project had been completed. You Can Also Check: Gold Rate in Nagpur | Silver Rate in Nagpur | Bank Holidays in Nagpur | Public Holidays in Nagpur | Petrol Price in Nagpur | Diesel Price in Nagpur | CNG Price in Nagpur | LPG Price in Nagpur Stay updated with the latest Nagpur news.
The project envisages a business district in Ramdaspeth on the lines of Mumbai’s Bandra-Kurla Complex (BKC). The land leased to Dr Panjabrao Deshmukh Krishi Vidyapeeth (PDKV), Akola, is proposed to be developed as a mixed-use urban centre with commercial, residential and recreational facilities. Gadkari had directed officials to expedite the process. The project is proposed to be implemented under the Design, Build, Finance, Operate and Sale (DBFOS) model. The sanctioned development plan reserves the land for a cultural centre, State Transport facilities and parking. The state govt cleared a major hurdle for the project in June by dismissing a decade-old appeal against the demolition of unauthorised structures. Download the TOI App.
Nagpur: The Kachipura redevelopment proposal is expected to come before the state cabinet after Diwali , a highly placed source said on Friday.