Navi Mumbai emerged as a new destination for homebuyers

By Nawaz Sayyed

As the property market of Mumbai is facing downturn from last several months due to the rising prices of properties and increasing home loan rates. So realtors are moving to Navi Mumbai. “In the recent past people were used to say that Thane and Navi Mumbai is far from the city and yet not developed but now home buyers are setting their eyes on Navi Mumbai projects” sources said.
CIDCO and Navi Mumbai Municipal Corporation (NMMC) have played the major role to develop Navi Mumbai. CIDCO adopted polycentric pattern of planning and development of Navi Mumbai. It prepared a master plan in October 1975 and was approved by the government in August 1971. It is being modified from time to time as per the needs. The pattern ensured balanced land and even distribution of residential areas, job centres, wholesale markets, non-polluting industry and population density.
The 14 self-contained nodal townships are strung along the mass rapid transport corridors, designed to minimise travel time and distance between nodes and neighbouring cities. The major wholesale markets and industrial belts are evenly distributed in outer areas. Intervening nodes are for predominantly residential settlements. Each node is self-contained with educational health, social, religious, cultural, sports and recreational facilities.

There are several major projects on which CIDCO is working as follows;
Navi Mumbai International Airport (NMIA)
Enhancement in aviation facilities in Mumbai is absolutely essential for keeping the leadership of Maharashtra in attracting Foreign Direct Investment thereby creating a place of pride for itself and add to the prosperity of its people. Therefore a second airport in the Mumbai Region has become imperative, as the existing airport at Mumbai, is fast reaching saturation level. To meet the growing demand of air travel CIDCO is soon going to develop a new airport.
The location of the proposed airport at Navi Mumbai has been considered on several parameters. Prominent among these is the fact that Navi Mumbai is expected to absorb the future growth in population, business and commercial activity of the region. The availability of physical and social infrastructure coupled with environmental friendly site with minimum resettlement and rehabilitation makes the Navi Mumbai airport project technically and financially viable.
The airport would be one of world’s few ”greenfield” international state-of-art airport offering world class facilities to passengers cargo, aircrafts and airlines.
The site of airport is located in an area of 1140 hectares accommodating two parallel runways for independent parallel operation with provision of full length taxi ways on either side of the runways. The airfield has been designed to accommodate the new large aircrafts compatible to aerodrome code 4-F, conforming to specifications of International Civil Aviation Organisation (ICAO).
The growth in resident population in Navi Mumbai, rapid development of its Central Business District, coupled with economic activities such as Special Economic Zone, Jawaharlal Nehru Port Trust, Thane-Belapur and Taloja industrial areas and the huge catchment area ranging from Pune to South Mumbai would assure a steady growth rate in traffic at the new airport, thus assuring steady revenues to the investors. In addition the project opens-up the state’s vast hinterland rich in agriculture, floriculture, hi-tech high value industries to world market. Thus making the airport to act as a focal point for emergence of a transshipment centre in the Asian region.

Kharghar Hill Plateau
Even Kharghar also acting as key role in developing Navi Mumbai as there are several forthcoming residential and commercial projects are under process. While taking accountability in the SEZ too the Kharghar Hill Plateau, an emerald-green, serene and picturesque expanse, sits in the heart of Navi Mumbai. Situated at an altitude of about 200 m MSL, the Kharghar Hill Plateau is a part of the Sahayadri hill ranges of the Western Ghats. The undulating terrain of this area offers both challenges and opportunities to planners to develop it into an attractive and premium area, literally a jewel in the crown of Navi Mumbai. The area on the Kharghar hill plateau admeasures about 150 hectares (ha) of which about 100 ha is in CIDCO’s possession and available for development. Since Kharghar, has been developed into a modern township with state-of-the-art infrastructure and important city-level developments like the formation of a special economic zone, an airport, a golf course, and a central park, the time is ripe to initiate a radical transformation of the hill plateau.
After Central Park at Kharghar and Urban Haat at Belapur, another welcome addition to the ever growing list of city level facilities in Navi Mumbai now will be the Golf Course project at Kharghar. The corporation has decided to develop a signature Golf Course of international standards in Sector – 22 of Kharghar Node. The proposed Golf Course shall spread over an area of 103 ha. approx. and will be located just across the Central Park in Sector-23, 24 & 25 of Kharghar.

NAVI MUMBAI SEZ
With the EXIM policy introduced by Government of India (GoI) in the year 2000, the concept of Special Economic Zone came into being as a duty-free industrial enclaves aimed at following objectives.
a) Exports Promotion.
b) Additional Economic Activity.
c) Investment Promotion both domestic & foreign direct investment.
d) Infrastructure Development.
e) Creation of job opportunities.
CIDCO mooted an idea of setting up of SEZ over an area of 4377 Ha in Navi Mumbai in the year 2000, which was concurred/recommended by the Government of Maharashtra (GoM) & a proposal was put up to GoI for approval.
GoM declared CIDCO as Nodal Agency to set up SEZ in Navi Mumbai.
The GoI accorded approval-in-principle to GoM/CIDCO’s proposal of setting up Navi Mumbai Special Economic Zone over an area of 4377 Ha in February 2002.
The GoM directed CIDCO to implement the NMSEZ project through Joint Sector Venture & further directed that the Strategic Partner/Investor to be selected shall hold majority stake. (GR No.CID/3302/715 Pra.Kra 93/UD-10 dt.11.09.2002).
As per the directives of the Govt. of Maharashtra, CIDCO through Global bidding process selected a Preferred Bidder/Strategic Investor Consortium, which formed a company named M/s. Dronagiri Infrastructure Pvt. Ltd. (DIPL) & the said company is registered under Companies Act 1956.
DIPL & CIDCO together have created/established a Special Purpose Company (SPC) in the year 2004 named M/s. Navi Mumbai SEZ Pvt. Ltd. (formerly known as M/s. Navi Mumbai SEZ Development Company Pvt. Ltd.) with 74% & 26% stakes in the SPC, respectively.
Shareholders Agreement executed
Development Agreement executed
As per Development Agreement NMSEZ project area is 2140 Ha.
1.1) The SPC has the right to plan, design, construct, market, operate & maintain, administer & manage the Navi Mumbai SEZ. SEZ will under control of Development Commissioner.
1.2) CIDCO has uptill now handed over 1842 Ha NMSEZ project area to the company detailed below.
1.3) The SPC is entitled to the status of Special Planning Authority under Clause No.40 of MRTP Act 1966.PROPOSED INTERNATIONAL DIPLOMATIC ENCLAVE AT AIROLI The International Diplomatic Enclave project is conceived by CIDCO with a view to facilitate the consulates of various countries to set up their office in Navi Mumbai to engage in mutually beneficial collaborations with the of Indian citizens along with plots proposed for world class institution providing added value to the project .
This project has been designed keeping in mind the stringent requirements of providing a world class atmosphere in an extremely safe enclave with the provision of Infrastructure, security, utilities and communication facilities.
The project is located on 28 ha plot jutting out in Thane creek at sector 10A Airoli. The site is situated just south of the Airoli Bridge near Thane. It is accessible from the Eastern Express Highway and the Thane Belapur Road which connects to the Mumbai Pune Expressway M/s Apostrophe were appointed as consultants to render Professional Consultancy services for Comprehensive Planning, urban and Landscape designing of the area.
The Project Site Area is 27.3 Ha. (68.25acres). The Total Site Consideration Area is approximately 40.2 Ha. (100.5 acres) approximately, including the Eco-Preserve Area to the West of the project site and the Arterial road/ Promenade proposed on the East side of the site. Plots for embassies have been carved out of area range of 2500sq.m.to 4000sq.m. to be made available to foreign countries on a first-come first-serve basis. The individual Consulates will have a lot of flexibility in the design of their Consulate. Plots have also been earmarked for institution use for institutes of national & international acclaim.

Mumbai Trans Harbour Link (MTHL)
Owing to ever increasing congestion on the existing rail and road corridors coupled with limitation of further expansion on these corridors, there is a need to expand the city on the mainland across Arabian Sea by providing additional access from Mumbai to mainland at South Navi Mumbai.
The development initiatives proposed in the Southern Navi Mumbai region will not only give rise to additional traffic movement but also accentuate the need for greater economic integration of Mumbai with mainland. The proposed economic activities taken up for development in the southern Navi Mumbai are –

• International airport at Navi Mumbai.
• New container terminals at Jawaharlal Nehru Port Trust at Nhava Sheva.
• Navi Mumbai SEZ (NMSEZ).
• Maha Mumbai SEZ (MMSEZ).

The proposed additional access i.e. Mumbai Trans Harbor link (MTHL) Connecting Sewari (Mumbai end) to Nhava Sheva (Navi Mumbai end) is expected to be catalyst of development of the city by promoting horizontal growth as against the vertical growth experienced over the past few years. The link will help reduce the problems of congestion and pollution in Mumbai.
The Mumbai Trans Harbor Link (MTHL) is proposed to be developed as an Expressway link with a six-lane dual carriageway road bridge and rail bridge connecting Sewri on Mumbai side to Nhava on Navi Mumbai side. The MTHL project is proposed to commence at grade from the east side of Sewri Railway Station on the Harbor Line of Central Railway proceed to Nhava and terminate at the north of Chirle village with an interchange to National Highway 4B on the mainland.

The development of project is envisaged as follows –

Phase I
Construction of main bridge with 6 lane facility from Sewri to Nhava including approaches at grade near Sewri end, interchange at Nh4B near Chirle village and underpasses at road and railway crossings. The length of MTHL road project from Sewri to NH-4B is 22 KM.

Phase II
Dispersal System at Sewri connecting Eastern Freeway and Acharya Donde Marg to MTHL (Sewri interchange).

Phase III
Construction of Metro rail link from Sewri to Nhava and from Nhava to MMSEZ area near Pen, to Panvel via proposed Navi Mumbai International Airport and to Uran.

Maharashtra State Road Development Corporation (MSRDC)
Is nodal agency appointed by the Government of Maharashtra to implement this project. The development of phase I component is under bidding process and work is likely to be awarded soon. For remaining phase, the necessary studies have been commenced and same will implemented subsequently.





Similar Articles

One thought on “Navi Mumbai emerged as a new destination for homebuyers

Leave a Reply

Top