MMRDA Plans Alternative Biz Hubs

As two main business districts of the city have reached a saturation point, the Mumbai Metropolitan Regional Development Authority (MMRDA) is planning to acquire 1.84 crore sq mt of land to set up alternative business hubs to build new rental housing projects and other facilities. The acquisition of 11 plots across the Mumbai Metropolitan Region (extended up to Virar, Khopoli, Karjat and Alibaug in neighbouring districts) was aimed at spreading eco-growth to the so far neglected neighbouring areas of the city, Joint Project Director of MMRDA, Mr Dilip Kawathkar, said. "A proposal in this regard has been moved before the State government and we expect it to be cleared in a phased manner. Rs 610 crore has already been earmarked for land acquisition and growth centres," he added.
12 Jan 2009 The Hindu Business Line