The Maharashtra Airport Development Company (MADC) has collected more than Rs 2525 crore from the allotted land in the Special Economic Zone (SEZ) and non-SEZ parts of Mihan while developing the Mihan project.
Meanwhile, anticipating economic
growth tied to the Mihan project, 21 of the 112 investors allocated to the area
have not paid their dues.
The highest amount is owed by Maha metro (Nagpur Metro Rail Corporation),
which was awarded 92 acres. MADC has
not yet received Rs 9 crore from Maha metro for the cost of the land.
Maha metro was allotted land in
the non-SEZ area two years ago to set up stations and townships but no amount
has been given to MADC.
A spokesperson for Maha metro
confirmed that this amount was pending but the said payment was to be made
through book adjustment. The state government will have to pay the amount in
the MADC account. Once the book is adjusted, the amount will be available in
the MADC's overall corpus.
Other organizations whose funds
are due to non-SEZ area have been allotted land in the range of 1 to 2 acres.
There are 36 investors in the non-SEZ sector, out of which 5 have not paid
their dues for land costs. The total outstanding dues from the allottees in the
non-SEZ sector is Rs.97 crore.
The Patanjali Group is the largest and only investor in the non-SEZ
segment which has cleared all its dues and its unit is under construction.
The Mihan project has 76 investors in the SEZ region. Of these, 16 have
not paid their dues, amounting to Rs. 1515 crore and the land has been allotted
to them only on paper. They have not yet taken physical possession. The final
transfer will take place only after payment of the entire amount. It is
expected that MADC may take a decision on ending their allotment soon.
On the other hand, SEZ has 40
investors who have not yet started their project even after paying the full
amount for the land.
