HomeNewsIndiaMMRDA proposes to set up 350 sq km 'town' across Mumbai harbour

MMRDA proposes to set up 350 sq km 'town' across Mumbai harbour

The authority is aiming to make the region as the fastest growing growing centre in the country in the next decade on the back of Navi Mumbai International Airport (NMIA) and the Mumbai Transharbour Link (MTHL), its commissioner Sanjay Mukherjee said.

September 15, 2023 / 20:25 IST
MMRDA proposes to set up 350 sq km 'town' across Mumbai harbour

The Mumbai Metropolitan Regional Development Authority has proposed to develop a 350 sq km settlement across the city harbour, a top official said on September 15. The authority is aiming to make the region as the fastest growing growing centre in the country in the next decade on the back of Navi Mumbai International Airport (NMIA) and the Mumbai Transharbour Link (MTHL), its commissioner Sanjay Mukherjee said.

"From MMRDA, we have proposed a new town where the MTHL lands. MTHL is supposed to be a game changer," Mukherjee said in an address to realty developers at an event organised by the industry lobby Naredco here. He said the "town" will have an area of 350 sq km. It can be noted that the size of Mumbai is over 600 sq km, while that of Navi Mumbai is 344 sq km and the Naina city being planned by Cidco next door is 370 sq km.

Mukherjee said the proposed town is different from Naina and declined to share further details. He said the body is planning to make it among the few settlements in the country where infrastructure like transport connectivity is developed before the buildings come up.

He said MTHL and NMIA will each boost the national GDP by 1 percentage point, which will turn the Navi Mumbai region into a hotspot for economic activity. The 160-hectare Bandra Kurla Complex business district, also developed by the MMRDA a few decades ago, contributes 2.8 per cent of the national GDP, he said.

Mukherjee said 2025 will be a "watermark" year in the megapolis' infrastructure journey, and pointed out that a slew of projects being undertaken now will get fructified then. Work on the NMIA is also slated to finish by 2024-end, he added.

PTI
first published: Sep 15, 2023 08:25 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347