Rs 50K cr needed for Mumbai
Mumbai Federation looking at a JV route for faster and planned growth.
By INDIATIMES NEWS NETWORK |
MUMBAI: Mumbai needs up to Rs 18,000-50,000 crore just to take care of its infrastructure. This is besides what the city needs for planned redevelopment, according to the Remaking of Mumbai Federation, a body of associations and eminent personalities.
The federation will lead a delegation to a conference in Shanghai to attract international investment and partnerships.
The conference will see at least 300 delegates in the field of urban development sharing technical and design expertise on tall buildings and urban habitats.
"The federation is looking at a joint venture route for faster and better planned growth, while releasing enough funds for much-needed up-gradation of infrastructure," said Lalit Gandhi, chairman and managing director, Lok Housing and Constructions Ltd.
The idea is to create a single planning, regulatory and decision-making body on a public private partnership basis which will oversee the sector-by-sector development of the city.
The body would focus on 'vertical development' of the city, leaving scope for adequate open spaces for public use.
The federation will lead a delegation to a conference in Shanghai to attract international investment and partnerships.
The conference will see at least 300 delegates in the field of urban development sharing technical and design expertise on tall buildings and urban habitats.
"The federation is looking at a joint venture route for faster and better planned growth, while releasing enough funds for much-needed up-gradation of infrastructure," said Lalit Gandhi, chairman and managing director, Lok Housing and Constructions Ltd.
The idea is to create a single planning, regulatory and decision-making body on a public private partnership basis which will oversee the sector-by-sector development of the city.
The body would focus on 'vertical development' of the city, leaving scope for adequate open spaces for public use.
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