Manju Yagnik, Vice Chairperson of Nahar Group
NEW DELHI:Vice Chairperson of Nahar Group Manju Yagnik said that unlocking of land promised in Mumbai’s 20-year development plan will definitely facilitate the smart city concept, boost social infrastructure and also have an aim of creating 8 million jobs.
Today, Maharashtra government has approved Mumbai’s long pending Development Plan (DP), which will be in reckoning for the next 20 years. Chief Minister Devendra Fadnavis sanctioned the new 20-yr development blueprint.
“Given the increasing population and need for more development within limited land, higher FSI for both residential and commercial development was long due and will certainly come as a boon to the city’s realty sector,” she added.
“The affordable housing targets roaring up to 1 millon would facilitate the homebuyers with voluminous options to choose from the variant and changing market dynamics. Also, an additional 300 hectares of salt pan land will be opened for affordable homes and will provide opportunities giving an added boost to development in the city. The plan will also help in creating a sustainable stock of inventory. Overall, the announcement will act as a catalyst to the GDP growth of the country,” Manju said.