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MMRDA offers landowners 50-50 profit-sharing deal in MMR to ease acquisition

According to MMRDA’s Development Plan (DP 2016-36), it has proposed the development of four growth centres, located in Nallasopara, Kharbao (Bhiwandi rural), Nilje near Kalyan-Dombivali and Shedung, near the Navi Mumbai Airport Influence Notified Area (NAINA).

Written by Neeraj Tiwari | Mumbai | Published: November 5, 2019 2:09:38 am
Push for Mumbai Metro, memorials in Rs 16,909.10-cr Budget for MMRDA After getting the green signal, the MMRDA had prepared a regional plan in which four growth centres were planned. Growth centres are like business districts with all kinds of commercial and residential buildings and transport system.

TO OVERCOME land acquisition hurdles in the Mumbai Metropolitan Region (MMR), the Mumbai Metropolitan Region Development Authority (MMRDA) has asked private landowners to become its partners in a 50-50 profit-sharing agreement.

According to MMRDA’s Development Plan (DP 2016-36), it has proposed the development of four growth centres, located in Nallasopara, Kharbao (Bhiwandi rural), Nilje near Kalyan-Dombivali and Shedung, near the Navi Mumbai Airport Influence Notified Area (NAINA).

A senior MMRDA official said to execute land acquisition on the above-mentioned areas, the authority had issued a tender in July for land acquisition. But due to a condition in the tender, the MMRDA did not receive any responses.

The condition required private landowners to bear the development cost and also 50 per cent of the building construction charges. After getting no response from landowners, the MMRDA changed plans and conditions of setting up growth centres.

Now, according to the new plan and conditions, the landowner only has to part with the land. In return, the MMRDA will make a partnership agreement with private players following which a growth centre will be set up. However, revenue generated from growth centres will be shared on 50-50 basis.

In July, the state cabinet gave the nod to the MMRDA to be the special planning authority of Pen and Boisar. This had enhanced the jurisdiction of the MMRDA by more than 2,000 sq km.

After getting the green signal, the MMRDA had prepared a regional plan in which four growth centres were planned. Growth centres are like business districts with all kinds of commercial and residential buildings and transport system.

Joint project director Dilip Kavathkar said, “The MMR has the potential to become the new BKC (Bandra Kurla Complex) because most of the land parcels are occupied in the city. But in the MMR, with the help of Metro rail network, it gives hope to get new business districts. Partnership with private landowners will make the land acquisition easy and owners don’t have to sell their plots.”

However, sources from the MMRDA said, “Prime Minister Narendra Modi’s pet project Mumbai-Ahemdabad bullet train is passing through BKC to Thane and then it will go along Bhiwandi and Virar, Boisar areas. This will open up new development in these areas.”

For setting up a growth centre, the minimum land required is 100 hectares. Apart from growth centres, the MMRDA had proposed a new Metro line between Kanjur Marg-Badlapur and Mumbai airport to Navi Mumbai airport.

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