The development body will not have to pay property tax for the project to BMC
The state government on Saturday granted special development project status to the skywalk projects in the city. With the status in place,the Mumbai Metropolitan Regional Development Authority (MMRDA),which is building the yellow-coloured skywalks at 50 places in suburban Mumbai,will not have to pay property tax to the Brihanmumbai Municipal Corporation (BMC). Under its ambitious plan,the MMRDA is planning to construct 50 skywalks near railway stations at the cost of Rs 600 crore in the city.
In a meeting held on Saturday morning,Chief Minister Ashok Chavan announced the special status for the skywalk project after consulting with the chief secretary headed committee. The MMRDA is expecting to make a good revenue from advertising permissions and has already got a good deal for the Bandra skywalk.
Of the total 61 skywalks,the MMRDA is constructing 49 skywalks,while 13 skywalks are being constructed by the Maharashtra State Road Development Corporation (MSRDC). Prior to this,the state government has granted similar status to the Wadala Truck Terminal and bus depot.