From these three lands, the MMRDA was aiming to generate a revenue of Rs 3,000 crore, which was supposed to be used in big infrastructure projects, like Metro corridors. The MMRDA has reserved a rate of Rs 3.44 lakh per sq m on built-up area.
A senior MMRDA official said the corridor, work for which had begun in March 2018, was on track and is likely to be completed before the 2023 deadline. “The agency will be collecting toll until 2045,” the official added.
Currently, work on infrastructure projects, including more than 10 Metro lines, worth Rs 1.52 lakh crore is under way. MMRDA Additional Commissioner Sanjay Khandare discusses these plans with The Indian Express