MMRDA to levy TOD charge on new buildings near Metro 7
RAILWAYS & METRO RAIL

MMRDA to levy TOD charge on new buildings near Metro 7

The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed a new charge on new residential and commercial buildings within 200 meters of the Metro 7 line. The charge, known as a transit-oriented development (TOD) charge, is still being finalized, but it is expected to be in the range of ₹1,000 to ₹2,000 per square meter.

The MMRDA says that the TOD charge is necessary to help fund the construction and maintenance of the Metro 7 line, as well as to support other development in the area. The authority also argues that the charge is fair, as developers benefit from the increased value of their property due to the proximity of the Metro line.

However, developers have criticized the TOD charge, arguing that it is an additional burden that will make it more difficult to build affordable housing in the area. They also argue that the MMRDA has not done enough to justify the need for the charge.

The MMRDA has said that it is willing to consider alternative proposals for funding the Metro 7 line, but it has not yet announced any specific plans. It is possible that the TOD charge could be implemented in a phased approach, with the rates increasing over time.

The proposed TOD charge is just one of a number of challenges facing the development of the Metro 7 line. The line has been delayed several times, and it is now not expected to be completed until 2025. The MMRDA is also facing opposition from residents in some areas along the route, who are concerned about the impact of the Metro line on their neighborhoods.

Despite these challenges, the MMRDA is confident that the Metro 7 line will be a success. The authority says that the line will provide a much-needed boost to the economy of the western suburbs, and it will also help to reduce traffic congestion in the area.

The proposed TOD charge is a controversial issue, but it is one that is likely to be debated for some time to come. The MMRDA will need to carefully consider the arguments of both developers and residents before making a final decision on whether or not to implement the charge.

See also:
Mumbai Metro opens FOBs on Metro Line 7
MMRDA NCC wins Mumbai Metro Line-2B’s Pending work


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed a new charge on new residential and commercial buildings within 200 meters of the Metro 7 line. The charge, known as a transit-oriented development (TOD) charge, is still being finalized, but it is expected to be in the range of ₹1,000 to ₹2,000 per square meter. The MMRDA says that the TOD charge is necessary to help fund the construction and maintenance of the Metro 7 line, as well as to support other development in the area. The authority also argues that the charge is fair, as developers benefit from the increased value of their property due to the proximity of the Metro line. However, developers have criticized the TOD charge, arguing that it is an additional burden that will make it more difficult to build affordable housing in the area. They also argue that the MMRDA has not done enough to justify the need for the charge. The MMRDA has said that it is willing to consider alternative proposals for funding the Metro 7 line, but it has not yet announced any specific plans. It is possible that the TOD charge could be implemented in a phased approach, with the rates increasing over time. The proposed TOD charge is just one of a number of challenges facing the development of the Metro 7 line. The line has been delayed several times, and it is now not expected to be completed until 2025. The MMRDA is also facing opposition from residents in some areas along the route, who are concerned about the impact of the Metro line on their neighborhoods. Despite these challenges, the MMRDA is confident that the Metro 7 line will be a success. The authority says that the line will provide a much-needed boost to the economy of the western suburbs, and it will also help to reduce traffic congestion in the area. The proposed TOD charge is a controversial issue, but it is one that is likely to be debated for some time to come. The MMRDA will need to carefully consider the arguments of both developers and residents before making a final decision on whether or not to implement the charge. See also: Mumbai Metro opens FOBs on Metro Line 7MMRDA NCC wins Mumbai Metro Line-2B’s Pending work

Next Story
Infrastructure Urban

BHP Reports Higher Copper and Iron Ore Production in December Quarter

BHP Group, the world’s largest listed miner, reported increased production for the December quarter, with iron ore output inching up and copper production surging 17%. The gains were driven by operational efficiencies and richer ore quality at its key sites.Iron ore production at the South Flank operations in Western Australia reached 73.1 million metric tonne, slightly up from 72.7 million tonnein the same quarter last year and in line with the Visible Alpha consensus estimate of 72.8 million tonne.Copper output rose sharply to 510,700 tonne, attributed to improved processing and richer ore..

Next Story
Infrastructure Urban

India to Prioritise Railway Modernisation in 2025/26 Budget

The Indian government is set to significantly increase funding for railway modernisation in the upcoming federal budget while making a modest rise in road infrastructure allocations, according to two government sources. Prime Minister Narendra Modi’s administration, which has prioritised infrastructure spending to boost economic growth post-pandemic, is now shifting focus to railways due to challenges in road project execution. Finance Minister Nirmala Sitharaman will unveil the 2025/26 budget on February 1. The railways ministry is expected to receive a budget allocation of Rs 2.9..

Next Story
Infrastructure Transport

MSC Launches Feeder Service Linking Haldia and Vizhinjam Ports

Mediterranean Shipping Company S.A. (MSC), the world’s largest container shipping line, has introduced a feeder service connecting the Haldia Dock Complex of the Syama Prasad Mookerjee Port Authority with the newly operational container transshipment terminal at Vizhinjam, Kerala, managed by Adani Ports and Special Economic Zone Ltd. Previously, containers for the Kolkata/Haldia trade route were transshipped through Colombo, a regional hub. The new "Haldia Shuttle" service, operating every ten days, marks the first feeder service linking an Indian gateway port to Vizhinjam after India estab..

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