Gayatri Ramanathan / Mumbai January 26, 2006
But the metropolitan authority is grappling with how to lay its hands on Rs 50,000 crore.
After making a killing with its auction of land parcels (and raking in close to Rs 2,200 crore) in the last one month, Mumbai Metropolitan Regional Development Authority (MMRDA) is hungry for more. The authority, entrusted with the job of upgrading Mumbai’s infrastructure, is scouting for another Rs 50,000 crore to finance a series of ambitious blueprints.
On the anvil are plans such as phase two of Mumbai Urban Transport Project (MUTP), additional road infrastructure as part of the Mumbai Urban Infrastructure Project (MUIP), an ambitious plan to clear the city of slums in the infrastructure project areas and rehabilitate them in housing colonies with modern amenities, a marine park and a water transport project in the heart of the city at Bandra-Kurla complex, a recreational zone on the Gorai beaches, an inter-state bus terminus and a truck terminal at Wadala on a 60 hectare plot, and beautification of the entire Marine Drive stretch.
Send an E-Mail for mumbai Property Enquiry!
Related News from Mumbai
Battle for Mumbai’s makeover
Three face-offs over multi-crore projects in the last 26 months. The latest battleground for Indias richest brothers is the bid to build the second Metro rail project in Mumbai, which will have 27 stations costing nearly Rs 6,192 crore. With 250 cars added to the city every day, the Metro link will help ease traffic congestion. More : hindustantimes.com
Stylish Spaces
The fast developing landscape of Kalyan and its neighbouring suburbs has proven a boon for many industries. Far-flung areas like Khadakpada are now hot properties, thanks to the infrastructural and commercial developments like shopping malls, multiplexes, etc. The last five years have witnessed a drastic change in the retail and property market of the suburbs. The landscape has changed with several big projects coming in. However, despite the massive growth in segments like property, a huge gap exists in the demand and supply of its subsidiary industry like home décor. Our suburbs have gone through a complete makeover in the
Mumbai Muslims give chaotic city centre a $300m makeover
When you enter Badri Mahal, the nerve centre of the Dawoodi Bohra Muslims, you leave the chaos of Mumbai’s streets for an oasis of order and calm discipline. Community officials, bearded and identically dressed in white tunics and gold-embroidered caps, breeze up and down immaculate wood-panelled corridors, organising bar-coded ID cards for each of the 1 million community members, finding new coffee-growing methods for impoverished Yemeni Bohras, or seeking ways to encourage the community to emigrate to New Zealand. Each has undergone 11 years of specialised training combining administrative and religious elements. The atmosphere is like that of a government department, but
Mumbai to be more tourist-friendly
Mumbai, March. 4 (PTI): The Gate of India, the Grade-I heritage structure on the southern tip of the metropolis which is one of the most visited tourist spots here, is awaiting renovation of its surroundings. Authorities are aiming at clearing its surroundings and making them more user-friendly, less congested and visually more elegant. The stone and concrete areas of the Gateway itself will be left intact but the Shivaji Gardens just below and its precints are to be beautified, pedestrian movements made easier and motor traffic regulated with a no-parking zone. Standing at the city's entrance from the sea, this
Navi Mumbai airport project gains momentum
The proposed greenfiled airport at Navi Mumbai is quietly gathering momentum, even as the restructuring plans for the existing Mumbai airport hog international attention. Ashok Sinha, the City and Industrial Development Corporation (CIDCO) vice-chairman told the Business Standard that the techno-economic feasibility study by the International Civil Aviaition Union (ICAU) is expected to be completed soon and the land on which the airport will be built has been identified and the process of acquisition will begin soon. "In a year's time, we expect that project formulation work will be begin," Sinha said. He said that the new airport