MMRDA has signed an MOU with Mumbai University. MMRDA will be constructing 1.2-km long elevated road with 2+2 lanes from Bharat Diamond Bourse Junction in BKC to Vakola Junction near WEH.
Mumbai University will hand over a land admeasuring 18,834 sq. meters to MMRDA.
Besides abovementioned road, MMRDA will construct 400-m long and 30-m wide road in the vicinity of Mumbai University for additional connectivity from BKC to
SCLR. The University will hand over land admeasuring 34,715 sq. meters.
The TDR will be sold and used for the overall development of Mumbai University which will include construction of Hostels,Staff Quarters, Guests House, Science Block etc. in an area admeasuring 3 lakh sq.meters approximately.