Ambani plans township in Ulwe,Dronagiri

Legal Head at Sky Properties
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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…

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