Expat Properties (I) Ltd. - Mahad City and MIDC Developments

Mahad is an important town situated on the banks of river Savitri in the South - East Raigad district. The Raigad fort is an important tourist spot situated 24 Kms to the north of Mahad and attracts hundreds of people every year. Besides the fort, Mahad is surrounded by the Sahyadri Mountain Range and Shivthar Ghat falls in the vicinity making it an ideal getaway location.
Mahad is one of the most developed areas in the Konkan region and is a perfect combination of modern industrial advancements and ancient valuable Indian culture. The NH17 which is soon due to become a 4 lane highway makes Mahad easily accessible.

The Maharashtra Industrial Development Corporation has acquired 1020.62 hectares of land for the development of industries in the Konkan Region. This industrial area is located at a distance of 5 kms from Mahad city and has been planned in such a manner that it makes access to essential services very convenient. The following is what MIDC has planned for the industrial area

Residential zones.
The Maharashtra State Electricity Board has commissioned two power substations of 100 KVA and 220 KVA capacities. MIDC has also earmarked 25 acres of land for the new Power Generation Station proposed to be located in Addl. Mahad Industrial. Area. This will ensure good quality electricity to the region.
A common facility centre which houses a post office and a rest house. Besides these, other facilities are planned at this centre.
A Common Effluent Disposal Scheme is under construction to make the area eco-friendly. This scheme will be operated as a joint venture between MIDC & the industries in the area. The scheme will take care of effluent collection, treatment & disposal.
MIDC has developed a separate water supply scheme by constructing a Dam with a capacity of 29 Million cubic meters on Savitri River. A 24 MLD Water Treatment Plant has been constructed to meet the requirement of the industrial area. This water treatment plant has an excess capacity of 8 MLD. Apart from MIDC’s Water supply scheme there are two more water supply schemes developed by the Irrigation Department for irrigation of the surrounding land.

Nicholas Piramal India Ltd: Piramal India Limited is one of India’s leading pharmaceutical companies whose Total Operating Income on consolidated basis was up by 16.5% to Rs 7.1 Billion for the quarter that ended 30th June 2008.

Sudarshan Chemical Industries: The Company has a huge international presence in the organic pigments market, with sales in over 40 countries worldwide. Thirty Five percent of Sudarshan’s total product range is exported and over 45% of the color pigments sales are to overseas markets. Its single largest export market is Europe with sales of $85 million in 2006-07.

Vinati Organic Ltd: The Company has recently been recognized as the World’s third biggest and fastest growing supplier of ATBS and related products. Presently, it exports ATBS to Europe, Americas and Asia and has had sales of 5,30,476000 for the period Jul-Sept 2008.

Multi Flex Lami Print Ltd: A professionally managed company is among the significant players in the field of flexible packaging in India Packaging.

Kopran Ltd: The Company has exports to Central America, Asia, Africa, and Europe. The company had net current assets of Rs 2,996, 827, 457/- as on 30-Sept-2007.

The presence of these big companies with exceptional sales figures will also mean that other companies will set up base in this area and consequently trigger the progress of the industrial area. Besides this, Mahad city has technical and other degree colleges, government and private hospitals with modern equipments and a proposed truck terminus which will come up by next year.

There are three major SEZ’s in Raigad which have been approved by the Board of Approval (BoA). Below is a brief on each of them:

Rewas port SEZ: This port SEZ is conceived as a multi cargo, all weather; deep water mega port based SEZ with world class facilities and is expected to cater to large hi-tech manufacturing organizations. The master plan development envisages creating over 70 deep draught berths to cater to a variety of cargoes. The Rewas Port based SEZ is a green field project and is located near Rewas headland at the confluence of Amba river, Karanja creek and Patalganga river on the West coast of Maharashtra, about 10 km from Jawaharlal Nehru Port Trust (JNPT). This SEZ will be the nodal point for exports from the Navi Mumbai Special Economic Zone (Spread over Dronagiri, Kalamboli and Ulwe) and the Mumbai Special Economic Zone.

ISPAT SEZ: The ISPAT SEZ in Raigad, Maharashtra is a multi-product SEZ. The Total investment on the project is likely to be around Rs 10,000 crore. The SEZ will be developed in phases, with each phase encompassing Industrial, Port, Commercial and Residential zones. It is just 17 km from the Jawaharlal Nehru Port Trust (JNPT) and is also close to ISPAT’s 3.6-million-tonne integrated steel plant in the same district. The Raigad project, once fully functional, would generate direct employment for over 100,000 people besides indirect employment opportunities for several thousands of people.

Rameshwar Vaibhav Development Pvt. Ltd.: This SEZ has been approved by the BoA. It is a multi product SEZ being set up on 2000 hectares of land in Padghavali village in the Raigad district

The proposed Sea link will be a great connectivity factor as it will connect Sewri in Mumbai to Nhava in the Navi Mumbai district. The Nhava seaport connects to the NH 17 through various roads. This networking of the Nhava Sewri link with the NH 17, will lead to more companies setting up base in the Mahad MIDC and in turn contribute to the appreciation in Mahad.

In light of the current financial scenario the world over, you can rest assured that with land investments you are on solid ground. People have strong sentiments attached to land since it is tangible, offers security and has good potential to appreciate over a period of time. The value of land is enhanced when its surrounding areas experience developments of various degrees. This improves the quality of life of people and brings value to the investment.

The developments taking place in Mahad and in the Raigad district will have an impact on the Real Estate sector in due time and will ultimately lead to appreciation being brought into the area. This brings in a good return on investment.