Nagpur — The New Nagpur Project is set to take a decisive step forward with a proposal to return 59 acres of developed land to farmers and offer a ₹3,000 crore compensation package for acquisition. Under the plan, which will soon be sent to the state government for approval, affected farmers could receive a 1,500 sq.ft developed plot for every acre acquired for the project.
Officials estimate that around 1,710 acres of land will be required for the upcoming township. Following the proposed formula, this would generate 1,710 residential plots — together accounting for 25.65 lakh sq.ft (approximately 59 acres) of developed land to be handed back to landowners. In effect, nearly 3.4% of the total acquired area would return to farmers within the project layout, making it one of Maharashtra’s most inclusive rehabilitation models.
Simultaneously, the state has set a base compensation rate between ₹1.57 crore and ₹1.80 crore per acre, varying by land quality and location. Irrigated plots or those containing wells, houses, or orchards will be valued higher. Based on the announced range, the total payout for 1,710 acres is expected to fall between ₹2,684 crore and ₹3,078 crore, likely exceeding ₹3,500 crore after detailed evaluation.
Planned across 692.06 hectares in Hingna, the New Nagpur Project, developed by the Nagpur Metropolitan Region Development Authority (NMRDA) and NBCC (India) Ltd, is envisioned as a high-tech International Business and Finance Centre with a projected ₹6,500 crore investment and five lakh job potential.
Additional Commissioner (NMRDA) Sachin Dhole said the project aims to maintain “a fair balance between development priorities and farmers’ rights,” adding that transparent processes and continuous coordination with landowners are central to its implementation.
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