Mumbai's growth and housing policies discussed

20 Sep 2023 CW Team

“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.

Infrastructure Urban

17 Sep 2025

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Infrastructure Urban

17 Sep 2025

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Infrastructure Energy

17 Sep 2025

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..