Navi Mumbai metro corridor to get additional FSI
RAILWAYS & METRO RAIL

Navi Mumbai metro corridor to get additional FSI

The City Industrial Development Corporation (CIDCO) recently passed a resolution to amend the general development control regulations for its Navi Mumbai project areas to grant additional floor space index (FSI) for the metro rail corridor.

This means more FSI in areas up to 500 m from the metro corridor. This is in line with the Centre and the state's transit-oriented development (TOD) policies.

The cost of the Navi Mumbai metro rail is primarily to be met by CIDCO land monetisation. The move to increase FSI will enable better value capture and enhance the project's viability.

The Maharashtra government has already approved such a policy for the Pune and Nagpur metros.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The Mumbai Transformation Support Unit (MTSU), a think tank of the state government, had first suggested this many years ago for areas around Mumbai metro. They had also suggested an additional cess in property tax for buildings around the metro.

These amendments will be effective after the final approval of the state cabinet.

Sanjay Mukherjee, Managing Director, CIDCO, said that FSI is generally granted as road width, but areas up to 500 m will be given additional FSI.

The corporation is the planning authority for Navi Mumbai and certain areas of Raigad district. CIDCO has planned four metro corridors. The first one between Pendhar and Belapur is almost ready, but operations are yet to begin as civil works of stations have not been completed. Work on the other three corridors—Dighe-Turbhe-Belapur, Mankhurd-Navi Mumbai airport, Ghansoli-Mahape—is yet to start.

Image: Cost of the Navi Mumbai metro rail is primarily to be met by CIDCO land monetisation.


The City Industrial Development Corporation (CIDCO) recently passed a resolution to amend the general development control regulations for its Navi Mumbai project areas to grant additional floor space index (FSI) for the metro rail corridor. This means more FSI in areas up to 500 m from the metro corridor. This is in line with the Centre and the state's transit-oriented development (TOD) policies. The cost of the Navi Mumbai metro rail is primarily to be met by CIDCO land monetisation. The move to increase FSI will enable better value capture and enhance the project's viability. The Maharashtra government has already approved such a policy for the Pune and Nagpur metros.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The Mumbai Transformation Support Unit (MTSU), a think tank of the state government, had first suggested this many years ago for areas around Mumbai metro. They had also suggested an additional cess in property tax for buildings around the metro. These amendments will be effective after the final approval of the state cabinet. Sanjay Mukherjee, Managing Director, CIDCO, said that FSI is generally granted as road width, but areas up to 500 m will be given additional FSI. The corporation is the planning authority for Navi Mumbai and certain areas of Raigad district. CIDCO has planned four metro corridors. The first one between Pendhar and Belapur is almost ready, but operations are yet to begin as civil works of stations have not been completed. Work on the other three corridors—Dighe-Turbhe-Belapur, Mankhurd-Navi Mumbai airport, Ghansoli-Mahape—is yet to start.Image: Cost of the Navi Mumbai metro rail is primarily to be met by CIDCO land monetisation.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?