Mumbai’s Development Plan finally a reality!

02 Jan 2019 CW Staff

As crucial as it is, the Development Control and Promotional Regulation (DCPR) has been highly criticised, stated Maharashtra Chief Minister Devendra Fadnavis while addressing the press at a National Real Estate Development Council (NAREDCO) event. “However, what has given DCPR appreciation is how it has been dealt with. The level of transparency adopted for the DCPR when it was finalised has satisfied everyone,” he added. “And this was achievable only because of Ajoy Mehta (Municipal Commissioner of Mumbai).”

As reported, the DCPR for 2034 talks of utilising salt pan lands for affordable housing. Of 3,355 hectare in a no-development zone, the Municipal Corporation of Greater Mumbai (MCGM) has earmarked 2,100 hectare as well as 330 hectare of salt pan land for affordable housing. Besides, it is also expected to create theatres, museums, parks, playgrounds, theme gardens, old-age homes and shelters for the homeless. Calling the DCPR collective wisdom, the Chief Minister said, “I think it is one of the most sustainable types of DCPR, where the needs of Mumbai have been taken care of without compromising on the sustainability of the city.”

To generate more jobs, the DP has given incentives to commercial structures to have extra floorspace index (FSI); subject to road width, extra FSI will also be granted to residential buildings. “The DCPR 2034 has opened new doors of opportunities for developers with the introduction of new norms, including increase in FSI for office development, creation of smart cities, slum rehabilitation, linking of permissible FSI to road and adoption of RERA definition of carpet area,” said Rajan Bandelkar, President, NAREDCO West.

For his part, Shishir Baijal, Chairman & Managing Director, Knight Frank, said, “With the release of DCPR 2034, the last level of uncertainty has ended. The developer community can now progress with confidence. The current DCPR 2034 has several positives and is a step in the right direction. However, we believe that there will be areas to work on further.”

After being delayed for nearly four years, Mumbai’s Development Plan (DP), which will determine the city’s land use and infrastructure development for the coming 20 years, has finally come into action. Besides generating 8 million jobs and 1 million affordable houses, the plan is expected to significantly change the skyline of the city. As crucial as it is, the Development Control and Promotional Regulation (DCPR) has been highly criticised, stated Maharashtra Chief Minister Devendra Fadnavis while addressing the press at a National Real Estate Development Council (NAREDCO) event. “However, what has given DCPR appreciation is how it has been dealt with. The level of transparency adopted for the DCPR when it was finalised has satisfied everyone,” he added. “And this was achievable only because of Ajoy Mehta (Municipal Commissioner of Mumbai).” As reported, the DCPR for 2034 talks of utilising salt pan lands for affordable housing. Of 3,355 hectare in a no-development zone, the Municipal Corporation of Greater Mumbai (MCGM) has earmarked 2,100 hectare as well as 330 hectare of salt pan land for affordable housing. Besides, it is also expected to create theatres, museums, parks, playgrounds, theme gardens, old-age homes and shelters for the homeless. Calling the DCPR collective wisdom, the Chief Minister said, “I think it is one of the most sustainable types of DCPR, where the needs of Mumbai have been taken care of without compromising on the sustainability of the city.” To generate more jobs, the DP has given incentives to commercial structures to have extra floorspace index (FSI); subject to road width, extra FSI will also be granted to residential buildings. “The DCPR 2034 has opened new doors of opportunities for developers with the introduction of new norms, including increase in FSI for office development, creation of smart cities, slum rehabilitation, linking of permissible FSI to road and adoption of RERA definition of carpet area,” said Rajan Bandelkar, President, NAREDCO West. For his part, Shishir Baijal, Chairman & Managing Director, Knight Frank, said, “With the release of DCPR 2034, the last level of uncertainty has ended. The developer community can now progress with confidence. The current DCPR 2034 has several positives and is a step in the right direction. However, we believe that there will be areas to work on further.”

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Technology

13 May 2026

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Infrastructure Urban

13 May 2026

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..