The Trans Thane Creek (TTC) Industrial Area, established in 1965, is a prominent industrial hub in Navi Mumbai, Maharashtra, spanning approximately 2,333 hectares and housing around 4,997 plots. Strategically located along the Thane Creek, it serves as a vital center for various industries, including engineering, chemicals, pharmaceuticals, petroleum, electronics, and information technology.
Development and Infrastructure
Developed by the Maharashtra Industrial Development Corporation (MIDC), the TTC Industrial Area offers both leasehold and freehold industrial land. Leasehold properties are granted on a 95-year lease, with an annual nominal rental fee, and can be sublet or transferred with MIDC’s prior approval. The area boasts well-planned industrial plots, warehouses, and sheds, complemented by reliable power and water supplies, as well as robust transportation infrastructure, facilitating smooth industrial operations.
Industrial Diversity
The TTC Industrial Area accommodates a diverse range of industries:
- Engineering: Hosts numerous manufacturing units producing machinery, equipment, and components.
- Chemical and Pharmaceutical: Home to several chemical processing and pharmaceutical companies, contributing significantly to these sectors.
- Petroleum: Includes facilities engaged in petroleum refining and related activities.
- Electronics and IT: Attracts electronics manufacturers and IT companies, benefiting from Navi Mumbai’s status as an emerging IT hub.
Environmental Considerations
While the industrial activities in the area drive economic growth, they also pose environmental challenges, such as noise and air pollution. Residents and businesses must be mindful of these issues and adhere to environmental regulations to mitigate negative impacts.
Real Estate and Housing
The industrial area’s growth has influenced the real estate market in surrounding localities like Airoli, Rabale, and Dighe. As of recent data, the average price for a 2 BHK apartment in the TTC Industrial Area is approximately ₹75 lakhs, with an average rate of ₹9,894.46 per sq.ft. This reflects the area’s development and the demand for residential properties near industrial zones.
Connectivity and Accessibility
The TTC Industrial Area benefits from excellent connectivity:
- Road: Well-connected to major highways, facilitating easy transportation of goods and personnel.
- Rail: Proximity to railway stations enhances commuter convenience.
- Air: Accessible to major airports, supporting business travel and logistics.
Employment Opportunities
The industrial area’s diverse industries provide substantial employment opportunities, contributing to the local economy and supporting the livelihoods of thousands of workers.
FAQs
1. What is the TTC Industrial Area?
The Trans Thane Creek (TTC) Industrial Area is a significant industrial hub in Navi Mumbai, Maharashtra, established in 1965 and encompassing various industries such as engineering, chemicals, pharmaceuticals, petroleum, electronics, and information technology.
2. How large is the TTC Industrial Area?
It spans approximately 2,333 hectares and comprises around 4,997 industrial plots.
3. Who developed the TTC Industrial Area?
The Maharashtra Industrial Development Corporation (MIDC) developed the area to promote industrial growth in the region.
4. What types of industries are present in the TTC Industrial Area?
The area hosts a diverse range of industries, including engineering, chemical, pharmaceutical, petroleum, electronics, and information technology sectors.
5. What are the property ownership options in the TTC Industrial Area?
The area offers both leasehold and freehold industrial land. Leasehold properties are granted on a 95-year lease by MIDC, with provisions for subletting and transfer.
6. How does the TTC Industrial Area impact the local real estate market?
The industrial area’s growth has led to increased demand for residential properties in nearby localities, influencing property prices and development.
7. What environmental considerations are associated with the TTC Industrial Area?
Industrial activities may contribute to noise and air pollution, necessitating adherence to environmental regulations to mitigate negative impacts.
8. How is the connectivity in the TTC Industrial Area?
The area boasts excellent connectivity through road, rail, and air networks, facilitating efficient transportation and logistics.
9. What employment opportunities does the TTC Industrial Area provide?
The diverse industries within the area offer substantial employment opportunities, contributing significantly to the local economy.
10. Are there any residential projects within the TTC Industrial Area?
While primarily industrial, the area’s growth has led to residential developments in nearby localities to accommodate the workforce.
In conclusion, the TTC Industrial Area plays a pivotal role in Navi Mumbai’s industrial landscape, offering a conducive environment for various industries and contributing to economic growth and employment in the region.
