The document discusses plans by the Maharashtra Tourism Development Corporation to develop a new hill station called New Mahabaleshwar near the existing town of Mahabaleshwar. MTDC plans to invest 1,000 crore rupees to develop the new project across 6,000 hectares of land. The new development will have similar climate and terrain to existing areas like Pachgani and Mahabaleshwar, and aims to replicate the existing hill station while extending tourism development. The area has natural attractions like forests, rivers, waterfalls, and wind farms that could support tourism if basic infrastructure is provided. Land in the new development area is advertised for sale at low prices.