Home / Mumbai / Mumbai News / Article / Thane: Rs 106 cr paid, but no sight of land for industrial hub in Ambernath village

Thane: Rs 106 cr paid, but no sight of land for industrial hub in Ambernath village

<p>MIDC accepted earnest money payments for allotments from investors in 2013 without clearing land acquisition hurdles in Pale village in Ambernath. Villagers say they are still land owners</p>

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Eighty small and medium industrialists have been landed a body blow by the Maharashtra Industrial Development Corporation (MIDC). Nearly two years since they paid a collective earnest money of Rs 106 crore — at R4,000/sqm of land — to the MIDC to set up units in Ambernath’s Pale village, the project is yet to take off.

Farmers of the village claim that they haven’t ceded ownership of their land
Farmers of the village claim that they haven’t ceded ownership of their land

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