Mumbai, Apr 18 (PTI) The Mumbai Metropolitan Region Development Authority (MMRDA) on Saturday signed a shareholder agreement with the Raigad-Pen Growth Centre in the presence of Maharashtra Chief Minister Devendra Fadnavis.
The agreement was formalised at the Sahyadri Guest House in south Mumbai, where senior bureaucrats and officials from various departments were present.
According to an official release, the agreement aims to facilitate the development of the Raigad-Pen Growth Centre Limited as an integrated township project.
Key features of the project include its proposed development as a smart city, expansion in Pen taluka of Raigad district, and connectivity to major port areas. The township is also envisaged to be self-reliant, with provisions for social housing, it said.
The project is expected to be developed under an integrated township policy framework, with a focus on planned urbanisation and infrastructure-led growth in the region, the release added. PTI MR NP
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