The Maharashtra Cabinet on Tuesday (November 18) approved the "iconic cities" policy for better use of the land owned by the City and Industrial Development Corporation (CIDCO) and other state-run development agencies, officials said.

The decision will pave the way for the development of integrated townships with specific themes by these authorities, creating residential areas and international-level business zones, a release from the Chief Minister's Office said.

The policy will ensure effective use of land parcels owned by CIDCO and various authorities across the state, it said.

The cabinet also approved the redevelopment of MHADA housing projects spread over 20 acres or more in the Mumbai suburban region. This will significantly increase the availability of affordable housing in Mumb

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