Maharashtra government appoints MMRDA as development authority
ROADS & HIGHWAYS

Maharashtra government appoints MMRDA as development authority

In one of its final Government Resolutions (GR), issued on Oct 15—the day the code of conduct was enforced—the state govt appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the "New Town Development Authority" (NTDA) for the proposed ‘Third Mumbai.' This area encompasses the Navi Mumbai end of the Mumbai Trans Harbour Link (MTHL).

As per the GR, MMRDA is now responsible for preparing and publishing detailed Planning Proposals and Development Control & Promotion Regulations for the designated ‘Notified Area.' The authority has also been granted the power to acquire land within this notified area and has been instructed to make necessary budgetary provisions for the land acquisition process.

The Third Mumbai primarily includes areas falling within the influence zone of the recently inaugurated MTHL. Given the significant potential of this project to boost economic development, the state govt aims to capitalise on the expected benefits that will arise from the MTHL.

On Dec 12, MMRDA was formally appointed as the NTDA for a 334 sq km area within the MTHL influence zone. With the latest GR, MMRDA can now take concrete steps to set the wheels in motion for developing this new city.

The Third Mumbai spans 324 sq km and consists of 124 villages. Of these, 80 villages fall under the Navi Mumbai Airport Influence Notified Area (NAINA), 33 under the Khopta New Town Notified Area, 2 under the Mumbai Metropolitan Regional Plan, and 9 under the Raigad Regional Plan.

MMRDA envisions the development of this area as a sustainable, livable, greenfield business hub. The new city will feature smart city amenities, mixed-use spaces, and integrated residential areas, all aimed at fostering job creation and economic growth in the Mumbai Metropolitan Region (MMR).

Though MMRDA faces financial constraints, it plans to follow the Cidco model for funding, where developed land is offered as compensation instead of direct monetary settlements. Significant investments are planned by MMRDA to enhance existing infrastructure and create new developments in the region.

In one of its final Government Resolutions (GR), issued on Oct 15—the day the code of conduct was enforced—the state govt appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the New Town Development Authority (NTDA) for the proposed ‘Third Mumbai.' This area encompasses the Navi Mumbai end of the Mumbai Trans Harbour Link (MTHL). As per the GR, MMRDA is now responsible for preparing and publishing detailed Planning Proposals and Development Control & Promotion Regulations for the designated ‘Notified Area.' The authority has also been granted the power to acquire land within this notified area and has been instructed to make necessary budgetary provisions for the land acquisition process. The Third Mumbai primarily includes areas falling within the influence zone of the recently inaugurated MTHL. Given the significant potential of this project to boost economic development, the state govt aims to capitalise on the expected benefits that will arise from the MTHL. On Dec 12, MMRDA was formally appointed as the NTDA for a 334 sq km area within the MTHL influence zone. With the latest GR, MMRDA can now take concrete steps to set the wheels in motion for developing this new city. The Third Mumbai spans 324 sq km and consists of 124 villages. Of these, 80 villages fall under the Navi Mumbai Airport Influence Notified Area (NAINA), 33 under the Khopta New Town Notified Area, 2 under the Mumbai Metropolitan Regional Plan, and 9 under the Raigad Regional Plan. MMRDA envisions the development of this area as a sustainable, livable, greenfield business hub. The new city will feature smart city amenities, mixed-use spaces, and integrated residential areas, all aimed at fostering job creation and economic growth in the Mumbai Metropolitan Region (MMR). Though MMRDA faces financial constraints, it plans to follow the Cidco model for funding, where developed land is offered as compensation instead of direct monetary settlements. Significant investments are planned by MMRDA to enhance existing infrastructure and create new developments in the region.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000