Municipal Commissioner and state-appointed administrator Iqbal Singh Chahal, in his budget speech, said that the civic body would invite bids to carry out cluster redevelopment of the municipal tenanted properties. (File Photo)
The Brihanmumbai Municipal Corporation (BMC) has started the process to appoint a consultant for preparing a roadmap for cluster redevelopment as well as monetisation of the city’s tenanted, leased and encroached properties amongst others.
Amid the civic body tackling issues with regards to improving its fiscal health, the civic body had earlier said that the monetisation of its leased and tenanted properties would generate an annual revenue to the tune of Rs 10,000 crore.
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While the BMC, in its fiscal budget for the year 2024 – 25 trained its eyes on completing existing infrastructure projects across the city, the civic body has been experiencing a strain on its existing funds.
Seeking to explore new sources as well as augment its revenue from the existing resources, the BMC, in February, had announced that they would implement a roadmap seeking to generate revenue from its leasehold as well as tenanted properties.
Municipal Commissioner and state-appointed administrator Iqbal Singh Chahal, in his budget speech, said that the civic body would invite bids to carry out cluster redevelopment of the municipal tenanted properties.
A month on, the BMC has now set the ball rolling on this ambitious plan by inviting ‘Express of Interest’ from consultants who will be tasked with studying as well as implementing a plan for redevelopment, utilisation as well as monetisation of properties enlisted under the estate department.
The civic estate department has nearly 4,177 leased properties and 3,500 tenanted properties amongst other buildings and plots.
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Speaking to The Indian Express, a BMC official said, “As the civic body has increasing liabilities, we are looking to appoint a consultant who will study and then advise the BMC on how to earn more revenue. Amongst other plans, we are looking at cluster redevelopment of the plots and properties under the estate department, monetisation of tenanted properties.
“We will be appointing world renowned consultants who will devise the best policy for the BMC to increase its earning. They will also study how other countries have generated revenue from their estate properties,” the official added
Once the appointed consultants submit their feasibility reports, the civic body will then create a task force to implement the charted roadmap over the next ten years.
Nayonika Bose is a Trainee Correspondent with The Indian Express’ Mumbai bureau. While in the early stages of her career, her focused reporting on local governance and community welfare already demonstrates clear Expertise and Trustworthiness in covering essential civic issues impacting Mumbai's residents.
Expertise & Authority (E-E-A-T)
Specialized Focus: Nayonika's reporting is dedicated to civic and community issues, providing readers with highly relevant, ground-level information about the functionality and administration of India's largest metropolitan area.
Core Coverage Areas: Her articles highlight a strong focus on the fundamental quality of life and public safety in Mumbai, including:
Civic Infrastructure: Reports on critical failures and initiatives related to public works, such as the recurring problem of unauthorized building collapses in Navi Mumbai, the construction of new infrastructure projects (like the Dahisar-Bhayandar Link Road and the Mahalaxmi cable-stayed bridge), and the maintenance of essential city services (e.g., manhole cover theft).
Urban Governance & Crisis Management: Provides detailed coverage of the Brihanmumbai Municipal Corporation's (BMC) response to major crises, particularly during the monsoon (e.g., heavy rainfall, water cuts, and public health concerns like dengue and malaria) and large-scale public safety incidents (e.g., the hoarding collapse fallout).
Community Welfare & Rights: Reports on key social issues, including the financial aid scheme for persons with disabilities, the struggles of Mumbai's hawkers protesting eviction drives, and the dangers faced by workers due to the continuation of manual scavenging in water tanks.
Cultural & Heritage Reporting: Covers significant community stories, including the restoration of British-era fountains and the history of institutions like the 126-year-old Chinchpokli cemetery, showing a breadth of interest beyond pure administration.
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