Magarpatta City: Farmers Direct Investment (FDI)

Prof. Amit Gupta, Sucheta Dalal, Debashis Basu and Amita Joseph, 2012
Working Paper No : 384

Abstract :

Magarpatta City covers 430 acres3 of land that was owned by about 120 farmer families with 800 individuals. These farmers joined together to form the Magarpatta Township Development and Construction Company Limited (MTDCCL) and developed the city, thereby realizing their dream of converting their land into a value-added finished product that gave them benefits and returns in perpetuity. Satish Magar is the de-facto leader of the group because of his educational accomplishments, political connections, largest land holding and the trust that the Magar community has in his leadership and ability to take them collectively to a point where all of them collectively benefit.

Keywords : Corporate social responsibility (CSR), entrepreneurship, leadership, real estate development, city planning, management of cooperatives, and organization design and structuring.
Working Paper No : 384