I will give you an insight of the working of SEZ enabling agency of Govt Of Maharashtra, CIDCO (City Industrial Development Corporation) .A State Govt. undertaking which is the one of the most Corrupt undertaking of the Govt.of Maharashtra.
The modus operandi of CIDCO is Acquisition of land at nominal cost from Original Inhabitants without proper compensation and siphoning the property to Builders at exorbitant rates. Instead of practicing its objective for providing housing to the middle and lower class at reasonable rates it encourages price escalation for the benefit of few builders , politicians and Bureaucrats.
Land is alloted to educational, medical, sports trusts belonging to politicians at throw away prices which are used to run exorbitant charging hospitals and educational institutions charging capitation fees.
Some of the other Shady Deals of CIDCO include
Allotment of land to housing societies at Kopar Khairne, Nerul and Kharghar most of them fictitious societies floated by Builders.
Railway Station Complex Scam The station complexes Built By CIDCO at Nerul , Vashi, CBD. The commercial areas was sold in the open market in 1996-1998 as Area = Carpet area ( 95-150 ) % loading at higher rates. In the year 2004 The same commercial premises were sold as Area = Carpet Area 30% Loading to friends / relatives and front men in the Mktg dept of CIDCO at a discounted price .i e One Bldg , Two Adjacent Shops - Same Carpet Area , But Area
