The Maharashtra state Cabinet directed the Municipal Corporation of Greater Mumbai (MCGM) on April 21 to go back to their drawing boards and re-work the development plan for the city. The revised plan needs to be submitted in the next four months.
MCGM had brought out a draft city development plan—‘Development Plan 2034’ as it was called, which was put up for feed back from the public earlier this year, on February 16. However, the plan turned out to be unpopular amongst developers, civil rights activist groups and public at large, attracting large scale opposition.
Addressing a press conference after a Cabinet meeting, Maharashtra chief minister Devendra Fadnavis said the government has directed the civic body to rework on the DP and rectify the mistakes. “The DP in its present form was not acceptable due to the mistakes that were seen in it,” he said.
Commenting on the development, Niranjan Hiranandani, chairman and managing director, Hiranandani Constructions said that the recall and subsequent overhaul of the development plan will ensure a more systematic approach towards making Mumbai a world class financial hub. “If the plan is being made for the next 20 years, it requires far more attention to details and ground realities than just the arithmetics of the plan.” he said.
Gulam Zia, executive director (advisory), Knight Frank India says that the major issue with the proposed DP was that the higher floor space index (FSI) would increase congestion and choke the roads even further. He also added that regulations proposed with regards to collection of FSI premium, omissions and misrepresentations will be areas that should be revised when the new development plan will be submitted.
“Instead of collecting premium for additional FSI, the developers could be made to hand over houses or to create civic amenities, for example.
The houses thus built can be used primarily for rental housing, to solve the housing for migratory population to ensure slum-free city,” Zia said.
However, while there is jubiliation that a new plan will be placed for Mumbai, there are also concerns over what will happen in between now and the time when the new plan is made and approved. Anshuman Magazine, CMD, CBRE South Asia Pvt. Ltd fears that due to uncertainty, developers will be unable to launch new projects. “I hope that the new plan is implemented at the earliest to avoid further adverse impact on Mumbai’s real estate and its infrastructure,” Magazine said.