BKC downsized!

BKC downsized!

Amid moves to improve overall investment climate in the country, two planned business districts in commercial capital Mumbai have been downsized, and a third one is expected to follow suit. Chief Minister Devendra Fadnavis has approved a proposal for denotifying 53 hectares of land from the Bandra Kurla Complex (BKC), Mumbai´s business district, days after agreeing to hive off 37 hectare from another planned suburban commercial complex, the Oshiwara District Centre (ODC), according to official sources.

A proposal to denotify the entire Backbay Reclamation Area, the city´s oldest business district - extending from Nariman Point and Cuffe Parade to Girgaum Chowpatty - as a special planning zone was under consideration, the sources said. These areas will cease to be special planning zones following the denotification.

Related Stories

Indian Cement Review
www.indiancementreview.com