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


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 Energy

Apollo Green Energy targets Rs 100 billion in renewables

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, is set to grow its renewable energy portfolio to Rs 100 billion by 2025, with plans for an initial public offering (IPO) to fuel this expansion. AGEL currently holds an order book of Rs 35 billion and manages Rs 25 billion in solar projects across several states. Operating in eight states, AGEL’s portfolio includes 400 MW of solar power installations and a Rs 7 billion Flue Gas Desulfurization (FGD) project aimed at reducing emissions in power generation. These projects support India’s ambitious target of reac..

Next Story
Infrastructure Transport

Kolkata Metro’s Orange Line Phase II deadline moved to March 2025

The completion date for the Orange Line's Phase II extension, stretching from Ruby to Sector V, has been shifted to March 2025. Rail Vikas Nigam Ltd. (RVNL), the agency overseeing the project, initially aimed for a December 2024 deadline but cited a delay in bridging an 800-meter viaduct gap at Chingrighata as the reason for the revised schedule. Work to bridge an additional 125-meter gap at Metropolitan is ongoing. Despite land challenges at locations such as Tagore Park, Chingrighata, and Nicco Park, the corridor received safety approval from the Commission of Railway Safety (CRS) for opera..

Next Story
Infrastructure Energy

Solar efficiency, cost cuts vital for energy transition: Pralhad Joshi

Union Minister for New and Renewable Energy, Pralhad Joshi, emphasised the global focus on advancing solar technology to achieve significant cost reductions and efficiency gains during a conference on clean energy transition. As President of the International Solar Alliance (ISA), he remarked, “The world is united in the energy transition, harnessing global efforts.” Joshi highlighted the need for more efficient solar technology, stating, “Traditional solar panels typically convert only 15-20% of sunlight to electricity, but innovations like bifacial panels and solar paint are increasin..

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