Mumbai's growth and housing policies discussed
Real Estate

Mumbai's growth and housing policies discussed

The NAREDCO Maharashtra’s flagship ‘Real Estate Forum 2023’ held in Mumbai today had distinguished speakers who gave their valuable insights on the growth curve for Mumbai. Speaking on making Mumbai slum-free Valsa Nair Singh IAS, Additional Chief Secretary, Housing Department, Govt. of Maharashtra, said that cluster-based development would be favourable to improve housing stock in the city.

“The ambitious Dharavi slum redevelopment project, the largest renewal initiative in Asia, will serve as a model for several other clusters that are planned across Mumbai. We will soon announce a new cluster development policy after taking all stakeholders into confidence,” she said.

Speaking on the new housing policy, she said that innovation in smarter homes and technology would be a part of the policy. In addition, homes for senior citizens, and students housing will be given priority. These two sectors should be incentivised in the new housing policy, once the draft goes into the public domain.

She went on to add, “An ideal housing policy is one that promotes affordable housing, walk to work concept and offers a better work-life balance. A skilled labour force and skilling of all agents in the real estate sector is crucial for its proper growth and development.”

“Mumbai and the MMR are growing exponentially with a number of infrastructure projects like MTHL, Navi Mumbai International Airport, the Coastal Road and the Worli Sea connector all set to be completed within the next three to four years that will merge Mumbai with the mainland, reducing travel time across the harbour to just 30 minutes,” said Dr Sanjay Mukherjee IAS, Metropolitan Commissioner, MMRDA.

Speaking on sustainable development, Shri Pravin Darade IAS, Principal Secretary, Department of Environment and Climate Change, Govt. of Maharashtra, said that development and environment should go hand in hand and that the general perception that development destroys the environment is a misnomer. Infrastructure development in fact reduces carbon footprint. There are a growing number of projects that are sustainable and green projects that are LEED and GRIHA certified. 


The NAREDCO Maharashtra’s flagship ‘Real Estate Forum 2023’ held in Mumbai today had distinguished speakers who gave their valuable insights on the growth curve for Mumbai. Speaking on making Mumbai slum-free Valsa Nair Singh IAS, Additional Chief Secretary, Housing Department, Govt. of Maharashtra, said that cluster-based development would be favourable to improve housing stock in the city.“The ambitious Dharavi slum redevelopment project, the largest renewal initiative in Asia, will serve as a model for several other clusters that are planned across Mumbai. We will soon announce a new cluster development policy after taking all stakeholders into confidence,” she said.Speaking on the new housing policy, she said that innovation in smarter homes and technology would be a part of the policy. In addition, homes for senior citizens, and students housing will be given priority. These two sectors should be incentivised in the new housing policy, once the draft goes into the public domain.She went on to add, “An ideal housing policy is one that promotes affordable housing, walk to work concept and offers a better work-life balance. A skilled labour force and skilling of all agents in the real estate sector is crucial for its proper growth and development.”“Mumbai and the MMR are growing exponentially with a number of infrastructure projects like MTHL, Navi Mumbai International Airport, the Coastal Road and the Worli Sea connector all set to be completed within the next three to four years that will merge Mumbai with the mainland, reducing travel time across the harbour to just 30 minutes,” said Dr Sanjay Mukherjee IAS, Metropolitan Commissioner, MMRDA.Speaking on sustainable development, Shri Pravin Darade IAS, Principal Secretary, Department of Environment and Climate Change, Govt. of Maharashtra, said that development and environment should go hand in hand and that the general perception that development destroys the environment is a misnomer. Infrastructure development in fact reduces carbon footprint. There are a growing number of projects that are sustainable and green projects that are LEED and GRIHA certified. 

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?