Maharashtra’s biggest industrial land parcel measuring over 5,286 acres – at a strategic location close to the Navi Mumbai Airport (NMIA), JNPT and the Mumbai Trans Harbour Link (MTHL) project – has been sold to Reliance Industries Ltd (RIL) at a valuation of Rs 2,200 crore
In a significant move, Reliance Industries, led by Mukesh Ambani, has acquired one of Maharashtra’s largest industrial land parcels. Spanning over 5,286 acres, the land is located in a prime position near the Navi Mumbai Airport (MMIA), Jawaharlal Nehru Port Trust (JNPT), and the Mumbai Trans Harbour Link, offering a strategic advantage for future growth.
This acquisition, valued at Rs 2,200 crore, underscores the potential of the region, which is part of the Navi Mumbai Airport Influence Notified Area (NAINA). With its proximity to key transportation and logistics infrastructure, the area is positioned for increased development in the coming years, particularly in sectors such as industry, commerce, and logistics.
Reliance Industries (valued at ₹16.80 lakh crore), continues to drive expansion across diverse sectors. The strategic acquisition of this land marks a continuation of Reliance’s long-term commitment to driving growth in areas of economic importance, particularly in the emerging landscape of Navi Mumbai.
The land, previously held by Urban Infrastructure Holdings Pvt. Ltd. (UIHPL) with significant Reliance Group involvement, saw its subsidiary Dronagiri Infrastructure Pvt. Ltd. (DIPL) sell a 74% stake in Navi Mumbai IIA Pvt. Ltd. (formerly Navi Mumbai SEZ) to Reliance for ₹1,628.03 crore, valuing the entire project at ₹2,200 crore. This underscores the region’s rising prominence in the industrial landscape.
As Navi Mumbai evolves with key infrastructure projects like NAINA, the region is set to see significant advancements in connectivity and commercial growth. The strategic location of this land positions it as a vital part of the area’s future, well-connected to major transport routes and economic hubs. This acquisition reflects the broader transformation of Navi Mumbai, which is rapidly emerging as a focal point for industrial, logistical, and residential development, with increasing attention on its long-term growth potential.
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Article source: DNA
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