Bonanza for real estate! Mumbai may get nearly 17,000 acre of prime land for development, if Brihanmumbai Municipal Corporation (BMC) has its way.
In Mumbai's new master plan, or popularly known as Development Plan of 2034, BMC proposes to change land status of 16,764.74 acres from non-development zone (NDZ) to residential and commercial. This means developers may have land four times than the Aarey Milk colony at Goregaon and 10 times of the Mumbai Port land at Sewri.
A sizeable tract of this additional land is spread over near RajBhavan, Banganga at Malabar Hill and Priyadarshini Park at Peddar Road, where the cost is anywhere between Rs 50,000 to Rs one lakh per sq feet. The rest is sparsely located in areas of Madh Island, Marve, Malwani (Rs15,000 to Rs 20,000 per sq ft), Charkop, Dahisar, Magathane, Dindoshi (Rs20,000 to Rs28,000 per sq ft), Parksite Powai (20,000 to 30,000 per sq ft), Wadala, Mulund (15,000 to 25,000 per sq ft), Trombay, Mankhurd, Kannamvar Nagar, and Bhandup (15,000 to 20,000 per sq ft).
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About us
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.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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