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You are here: Real Estate Commercial Creating Commercial Estate of 200 Units At Ambad Is The Plan of Maharashtra Industrial Development Corporation

Creating Commercial Estate of 200 Units At Ambad Is The Plan of Maharashtra Industrial Development Corporation

Creating Commercial Estate of 200 Units At Ambad Is The Plan of Maharashtra Industrial Development Corporation

Creating a flatted or 200-unit industrial estate and to issue tenders for its construction in Ambad industrial area in next month is the planning by The Maharashtra Industrial Development Corporation (MIDC). A senior official, MIDC said that the design for the flatted building is complete. They will shortly provoke tender once an approval from their head office will be granted. It will take a month to issue tenders for the project.

With a purpose to provide ready constructed space to micro entrepreneurs and small industries they are planning to construct flatted building projects at Ambad MIDC. Building plan already have been designed by them and will shortly issue a tender once the design of the building is approved by their head office. While private contractor will built the flatted building, its selling and monitoring will be entirely managed by MIDC. The flats will be sold out by the MIDC.

Land for MIDC's IT Park in Ambad industrial area already have been identified. On 14,800 sq mtrs of land, the project of flatted building will come up there and same will be the built up area. 200 spaces (galas) will be in the flatted building, galas will be in sizes ranging from 500 sq ft to over 1,000 sq ft. Around 50% of the total flats will be in the range of 500 sq ft, 35% in the sort of 1,000 sq ft and approximately 15% of the flats in the sort over 1,000 sq ft. Estimated cost of the project is around Rs. 20 crore, They are planning to invite tenders from private contractors in next month. The work of construction would start soon after the tender is sanctioned.

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