Bandra Kurla Complex, one more biz hub in Mumbai downsized.

Amid moves to improve overall investment climate in the country, two planned business districts in commercial capital Mumbai have been downsized, and a third one is expected to follow suit.

Chief Minister Devendra Fadnavis has approved a proposal for denotifying 53 hectares of land from the Bandra Kurla Complex (BKC), Mumbai’s business district, days after agreeing to hive off 37 hectares from another planned suburban commercial complex, the Oshiwara District Centre (ODC), according to official sources.

A proposal to denotify the entire Backbay Reclamation Area, the city’s oldest business district — extending from Nariman Point and Cuffe Parade to Girgaum Chowpatty — as a special planning zone was under consideration, the sources said. These areas will cease to be special planning zones following the denotification. Senior state officials said that town planning norms and development control (DC) regulations applicable elsewhere in Mumbai will become applicable to them as well. Separate development control norms exist for the three business districts.


THE INDIAN EXPRESS