Ambani plans township in Ulwe,Dronagiri

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Mukesh Ambani

Next four months will see the launch of the biggest residential township with state of the art facilities by Reliance. The state govt has recently altered its Industrial policy by allowing land which was acquired for building SEZ’s (special economic zones) to be used for building residential buildings.40% of the land acquired for SEZ’s can be used for residential buildings. Ambani owns 4300 acres in Ulwe and Dronagiri. This is prime residential land right next to the sea. Besides residential buildings, malls and schools too will be started. They plan to develop a walk-to-work culture. With the proposed Ulwe-Sewri link getting the funds the distance between Ulwe and Sewri will be reduced to a mere 10 mins drive via an expressway. This along with the Metro link and airport in the vicinity will make Ulwe the most preferred destination. What is sure to raise questions is the fact that this land was acquired for cheap by the govt in the garb of making SEZ’s and then allotted cheap to Reliance. Many allege that it was never Reliance’s intention to make SEZ’s and that they have altered the Industrial policy of the govt by using money power. This extra 4300 acres in Ulwe is sure to cause a tremor in the Navi Mumbai real estate market. How exactly Reliance decides to price the houses here is the million dollar question as the local developers wait with baited breath.

Important Update.8 aug 2013

Ambani all set to use NaMu SEZ land for Special Education Zone. To have 400-acre campus in collaboration with Cambridge, Oxford & Harvard universities

Industrialist Mukesh Ambani has decided to develop the campus on a plot measuring over 400 acres at Ulwe, according to sources at Reliance Industries. The education hub will have a tie-up with world-renowned universities like Cambridge, Oxford and Harvard.

Ambani and his close aide, Anand Jain, jointly own this land which had been acquired for a special economic zone. This plan has now been completely scrapped. According to the state’s revised industrial policy, the land has been ‘unlocked’. This means it can now be put to any other use.

“The state government recently revised its industrial policy. As per this policy, we are working on our blueprint, which is likely to be released soon,” the source added.

Now, Mukesh Ambani’s wife, Nita, is closely monitoring the development of the education hub, said sources.

Nita, who has a keen interest in the domain of education, wants this proposed education hub to be a prominent centre among world universities, said the source who spoke strictly on the condition that newspaper not name him.

This proposal, said the source, lends strong credence to what Ambani had stated during the annual general meeting in 2011. Ambani had then expressed his desire to set up a “world-class, multi-disciplinary university” in Maharashtra.

The source, who is not authorised to speak to the media, said that the education hub will offer comprehensive, all-round education – from kindergarten to research. “The education will be innovative and students will have wide scope to conduct research on anything that interests them. The campus will have state-of-the-art facilities,” said the source, adding that confabulations are on with foreign universities.

This proposed education hub, said another source, will help nurture talent. “Presently, existing universities are not able to meet industry demand by providing required engineering talent. Once our centre comes up, the problem will be sorted out. We can provide a pool of talent to our industry and other companies,” said the other source.

It is understood that the education hub will be autonomous. “We will bring western and eastern culture and talent together. We will offer courses in science, arts and professional streams,” said the other source who works in a senior capacity at Reliance.

Earlier, Ambani had decided to construct a skyscraper on this plot but this plan was scrapped. “This land comes under the ‘flying zone’ of the proposed Navi Mumbai International Airport. Aviation rules restrict the height of buildings in the zone… So, we had to call off the plan and decided to develop the international education hub,” said the source.

A spokesperson of Reliance Industries Limited told dna that plans are still in the nascent stage. “We are still working out the modalities and understanding the nitty-gritty of the revised government policy. However, so far nothing has been fixed yet. The plan could be revised at any moment,” said the spokesperson.

By Mayur

Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors. When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy. With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google. He can be reached on 9987452642

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