A new, planned satellite will be built inPalghar, about 115km from Mumbai. This will be the second such township after Navi Mumbai, the development of which started in the 1970s.
The township will be developed on 337 hectares given to theCity and Industrial DevelopmentCorporation (Cidco) in lieu of constructing the district headquarters, spending Rs 1,000 crore. Cidco has been given 400 hectares, of which 70 hectares is prime sea-facing land. The 337 hectares, which can accommodate 35Oval Maidans, is on the other side of the newly developed district HQ spread over 103 hectares.
The draft plan is ready and depending on the response Cidco may allow four to five master developers to build the township. If the response is not good, Cidco will build Infrastructure and auction plots.