On Thursday, Chief Minister Devendra Fadanvis launched the first integrated township project in NAINA (Navi Mumbai Airport Influence Notified Area) at Panvel. The project that comprises of a total 10,000 homes being and will be built by The Wadhwa Group will also have 1,000 homes that will be given to the state government.

The mega project named 'Wadhwa Wise City' will qualify for Pradhan Mantri Awas Yojana (Urban) Scheme, and will offer 5500 affordable homes in the first phase. The developer claims that he has already sold 900 units during the pre-launch.

The project will have studio, 1 and 2 bhk apartments that will be constructed in various phases. Out of the total land holding of 450 acres, The Wadhwa Group is planning to develop 138 acres. The project has got all the approvals for the first phase – location clearance under ITP, letter of intent (LOI) under ITP, Environmental Clearance for the Township, as well as, CC for building phase 1. The mandatory MahaRERA registration for relevant buildings has also been obtained.

The government has made it mandatory that certain layouts will have to keep a portion of the housing stock under the integrated township plan for inclusive housing. The developer claims that the 1000 homes going to the government will be from this category. The homes will be then sold by the government for the affordable segment.