Home News New business district along Mumbai-Pune expressway planned

New business district along Mumbai-Pune expressway planned

A new business district along Mumbai-Pune expressway is planned by the Maharashtra state government. The proposed new central business district along the Mumbai-Pune Expressway will have financial and technological centres, animation, visual effects and gaming centres, and a comic park.

It may be recalled here that Maharashtra State Road Development Corporation (MSRDC) was appointed as a Special Planning Authority of 71 villages along the expressway in 2016. Now MSRDC plans to use the revenue from the business district for the development of these 71 villages. The revenue will be earned through development charges, sale of MSRDC land and plots under its town-planning scheme and a premium on land and floor space index (FSI). However, planning experts have cautioned the state government that due to this plan agricultural land on this stretch will be diverted for non-agricultural purposes and thus, the livelihood of the villagers will be taken away. But the MSRDC is of the opinion that only 35% of the land on the stretch is used for agriculture and its plan wouldn’t have any impact on the villagers’ livelihood.

The Development Plan prepared by MSRDC covers villages in the Panvel and Khalapur taluka — a total area of 186.72 sq km, and is effective between 2016 and 2041. The project will also include setting up of a business district by constructing around 17,000 affordable houses under the Prime Minister Awas Yojana for the economically weaker sections. MSRDC plans to implement the DP in four phases.   MSRDC estimates generating a revenue of Rs 14,027.77 crore through the development of these 71 villages.

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