A Netherlands-based semi-government organization has invested ₹600 crore in the Maharashtra Police Mega City (MPMC) project, reviving the stalled housing initiative. This significant investment, facilitated by Rural Enhancers’ Amber Ayade and backed by Deputy Chief Minister Devendra Fadnavis, will complete the project.

The investment was facilitated by Rural Enhancers, led by Amber Ayade, who coordinated with the state government to secure funding. Deputy Chief Minister Devendra Fadnavis played a crucial role in attracting foreign investment.

The MPMC project, launched in 2010, aimed to provide housing for police personnel in Pune’s Lohegaon area. However, it was stalled since 2016 due to financial constraints.

With this investment, the project will now be completed, providing relief to police personnel who had paid ₹270 crore for their homes.

Key features of the Mega city Project?

– ₹600 crore foreign investment through Netherlands-based semi-government organization
– Investment facilitated by Rural Enhancers and Amber Ayade
– Deputy Chief Minister Devendra Fadnavis played a crucial role
– Project to provide housing for 5,500 police personnel
– Stalled since 2016 due to financial constraints
– Investment ensures project completion without financial risks

“This foreign investment will ensure timely completion of the project without any financial risks. I’m glad that our police personnel will soon have their own homes.” Stated Devendra Fadnavis on his social media handle.

The investment agreement was signed between Atal Consulting and MPMC officials, marking a significant milestone in the project’s revival.