Mumbai Metropolitan Authority to Raise ?656 crore for Infrastructure Developments in BKC
The Mumbai Metropolitan Region Development Authority (MMRDA) has announced its plans to generate ?656 crore by leasing three prime plots in the Bandra-Kurla Complex (BKC). These funds will be allocated towards significant infrastructure developments, including a clubhouse with sports facilities, a hospital, and an educational institution. By offering the plots on an 80-year lease, MMRDA aims to attract interested parties while ensuring long-term benefits for the city.
World-Class Clubhouse and Sports Facility Coming to G Block
One of the primary developments slated for the BKC is a world-class clubhouse and sports facility in G Block. This plot spans an impressive 52,138 square meters and will accommodate suites, conference rooms, an auditorium, a restaurant, and a gymnasium. The vision is to create an exceptional space for both indoor and outdoor recreational activities.
Outdoors, residents and visitors will find a host of amenities, including a swimming pool, tennis courts, and cricket nets. Additionally, a football ground, basketball court, and a 400-meter running track will be available for those seeking an active lifestyle. The plot will also include basement parking and other essential services to ensure a seamless experience for users.
The MMRDA has set a reserve price of ?168 crore for this plot, allowing for a built-up area of 10,427 square meters. By offering this plot for development, the BKC aims to enhance its reputation as a vibrant commercial hub while providing residents and visitors with world-class sporting facilities.
Advancing Healthcare Infrastructure in GTxT Block with New Hospital
Another plot in the GTxT Block is designated for the development of a state-of-the-art hospital. Spanning over 10,026 square meters, this plot has a reserve price of approximately ?323 crore. Developers will have the opportunity to create a modern healthcare facility with a permissible built-up area of 20,052 square meters.
Where medical services are concerned, accessibility and quality stand paramount. By developing a new hospital in the BKC, the MMRDA strives to address the growing healthcare needs of residents and cater to the influx of visitors to the area. This move will contribute significantly to the overall development and sustainability of the BKC.
Educational Institution to Enhance Learning Opportunities
Recognizing the importance of a well-rounded education system, the MMRDA has also reserved a plot of 5,118 square meters in the GTxT Block for an educational institution. With a reserve price of ?164.87 crore and a permissible built-up area of 10,235 square meters, this plot offers an ideal opportunity for entrepreneurs and education visionaries to make a positive educational impact in the BKC.
By fostering an environment that supports the growth of education, the BKC aims to attract top-notch educational institutions and provide students with world-class learning facilities. The proximity of such an institution to major corporate and government offices in the area will present unique academic opportunities for students and create a symbiotic relationship within the community.
An Ideal Location with Future Prospects
The BKC, developed by the MMRDA over the past two decades, has become a bustling, 19-hectare commercial hub. Hosting corporate and government offices such as the National Stock Exchange, Securities and Exchange Board of India, and the US Consulate, the BKC is undeniably a thriving center of commerce.
The addition of the upcoming infrastructure projects, namely the world-class clubhouse, hospital, and educational institution, will not only add value to the BKC but also provide immense benefits to residents, professionals, and visitors. The amenities already present in BKC, such as the Mumbai Cricket Association, Jio World Drive, and the Nita Mukesh Ambani Cultural Centre, make it an attractive destination for individuals, ensuring the success and sustainability of these upcoming projects.
Conclusion
MMRDA’s plans to lease three strategic plots in Mumbai’s BKC for infrastructure developments worth ?656 crore represent an exciting opportunity for both developers and residents alike. Adding a world-class clubhouse, modern hospital, and educational institution will contribute to the growth and vibrancy of the BKC. As these projects take shape, the city can look forward to enhanced recreational facilities, improved healthcare infrastructure, and enriched educational opportunities within the bustling commercial hub of Mumbai.
