CM Unveils Makeover Plan Of Mumbai Region

Mumbai : In its bid to give the much-needed boost to transform Mumbai Metropolitan Region (MMR) into a global, financial, commercial and entertainment hub, Chief Minister Devendra Fadnavis announced a multitude of steps including an indication towards raising the floor space index (FSI) in the region, permission to raise bonds to the BMC and a promise of time-bound implementation of infrastructure projects in the region.

The Chief Minister was addressing ‘Mumbai Next: MMR Transformation’ conclave organised jointly with Mumbai First here on Friday. At the end of the day-long conclave he made several announcements. He declared that the BrihanMumbai Municipal Corporation will be allowed to raise bonds. He said that the implementation of Rs 8,500-crore coastal road project will be completed in two years and the implementation of first phase of Navi Mumbai international airport by 2019. He also announced that the work on trans-harbour link will begin this year. His announcements also included a ‘logistics city’ near Bhiwandi, a new city near Kalyan and more advanced infra facilities at the BKC. He also spoke of creation of an information technology based platform for giving all project clearances.

The government is also contemplating increasing FSI in the metropolis, he indicated.

“There are outlays but no outcomes as 32 to 40 per cent remain unspent. The government will allow municipal corporations to raise bonds but they need to spend the money in time,” he noted, while announcing the permission to the BMC to raise bonds.

He set an ambitious target for BMC for the completion of the 35.6-km coastal road connecting south and north Mumbai within two years. He hoped that work will begin in next three months after all statutory approvals are received.

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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.