Mumbai:- A plan to develop the areas around 27 stations on the Charkop-Bandra-Mankhurd line of the Mumbai Metro for construction of shopping and office establishments is underway. The plan will have long-term implications for the people living in these areas.
The idea behind the plan is to develop a 500-mt circle of influence from the centre of each station to develop commercial and office premises in order to reduce the commute from the station to the place of work.
The plan, which is still being discussed, has been formulated by the City Transformation Unit led by U P S Madan who has taken up the concept of developing areas around stations on public transport corridors, which is accepted world-wide.
The plan was presented at the think tank meeting Metropolitan Region Development Authority (MMRDA) held on Saturday, where the issue of raising the FSI from 2 to 4 in the circle of influence was discussed.
The MMRDA commissioner, Ratnakar Gaikwad said the plan is still at the discussion stage, but it is estimated that the project would generate over Rs 12,000 crore for the government.
The presentation at the think tank meeting stated that the plan stemmed from the need to generate funds for the capital cost of Metro corridors, to provide more commercial and official space in the city according to the planning norms.
The length of the Charkop-Bandra-Mankhurd corridor is 32 km with the total number of stations being 27 and the average distance between the stations being 1.2 km.
The idea behind the plan is to develop a 500-mt circle of influence from the centre of each station to develop commercial and office premises in order to reduce the commute from the station to the place of work.
The plan, which is still being discussed, has been formulated by the City Transformation Unit led by U P S Madan who has taken up the concept of developing areas around stations on public transport corridors, which is accepted world-wide.
The plan was presented at the think tank meeting Metropolitan Region Development Authority (MMRDA) held on Saturday, where the issue of raising the FSI from 2 to 4 in the circle of influence was discussed.
The MMRDA commissioner, Ratnakar Gaikwad said the plan is still at the discussion stage, but it is estimated that the project would generate over Rs 12,000 crore for the government.
The presentation at the think tank meeting stated that the plan stemmed from the need to generate funds for the capital cost of Metro corridors, to provide more commercial and official space in the city according to the planning norms.
The length of the Charkop-Bandra-Mankhurd corridor is 32 km with the total number of stations being 27 and the average distance between the stations being 1.2 km.
The study for the plan includes measuring the total area in each circle of influence, measuring the area under buildings, roads, water bodies, reservations and slums. It also calculates the current total built-up areas, total build able areas with 2 FSI and additional build able areas which can be made available with 4 FSI. It estimates the revenue likely to be generated from the sale of additional FSI. The study also estimates the additional requirements of water, sewage and other infrastructure that would be required with the higher FSI.
Survey Result:-
1) Government's share in the total revenue: Rs 12,790 crores.
2) Total revenue on sale of additional FSI: Rs 38,436,847 crores.
A record sum of over Rs 47,000 crore has been set aside for investment in infrastructure projects in Mumbai region under the Mumbai Metropolitan Region Development Authority. The MMRDA commissioner , Ratnakar Gaikwad said these projects will pave the way for a better city. Gaikwad listed the main projects, Mumbai Trans Harbour Link (over Rs 6,000) Mumbai Urban Transport Project (Rs 4,526 crore), line two of Mumbai Metro from Charkop-Bandra-Mankhurd (Rs 8,250 crore), Metro line one from Versova to Ghatkopar via Andheri (Rs 2,500 crore), Metro line three from Colaba to Bandra (Rs 12,000 crore) rental housing (Rs 10,000 crore), Nirmal Abhiyan toilet scheme (Rs 300 crore), Eastern Expressway (Rs 124 crore), flyovers in the city (Rs 431 crore), and the Thane bridge (Rs 400 crore).
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