New Nagpur International Business and Financial Hub (IBFC) Project
One of 10,000+ projects Taiyo tracks in Maharashtra.
Source: The Indian Express
The Maharashtra government signed two key MoUs to fast-track the development of 'New Nagpur' as an international business and financial hub. The project covers 1,710 acres, with development starting on 1,000 acres and the rest reserved for future expansion. It will be implemented in three phases over 15 years, featuring plug-and-play infrastructure including integrated underground utility tunnels,
- Status
- Prospective
- Sector
- Road, Power Transmission, Power Generation (CCGT), Government, Commercial
- Location
- Nagpur, Maharashtra, India
- Updated
- 22 Jul 2026
- Source
- The Indian Express
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Maharashtra government signed two key MoUs to fast-track the development of 'New Nagpur' as an international business and financial hub. The project covers 1,710 acres, with development starting on 1,000 acres and the rest reserved for future expansion. It will be implemented in three phases over 15 years, featuring plug-and-play infrastructure including integrated underground utility tunnels, a district cooling system, an automated waste collection plant, and facilities for startups, MSMEs, and IT firms. NBCC has been appointed as the project management and consulting agency. Funding of Rs 11,300 crore has been secured, with Rs 6,500 crore for land acquisition and infrastructure development in New Nagpur and Rs 4,800 crore for acquiring land for the Nagpur Outer Ring Road. HUDCO will also conduct training and capacity-building programmes as part of the partnership. |
Original sector | Urban Development |
Budget |
Location
Country | India |
State | Maharashtra |
City | Nagpur |
Source
Source | The Indian Express |
URL |
More Details
Record type | Project |
Sector | Road, Power Transmission, Power Generation (CCGT), Government, Commercial |
Article published date | 2025-09-16 |
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