Creating Open Public Spaces is Key to Retail Establishment Growth: MMRDA Commissioner
Dr. Sanjay Mukherjee IAS, Metropolitan Commissioner of MMRDA, spoke exclusively with ETRetail's Pallavi Goel about the comprehensive vision for retail real estate growth in Mumbai.
MmrdaRetailReal EstateMumbaiUrban DevelopmentReal Estate MumbaiJul 12, 2024
Speaking exclusively with ETRetail's Pallavi Goel at the Shopfwd Summit 2024, Dr. Mukherjee said that retail is one of the most important segments, generating enormous growth and employment.
He elaborated on how the expansion of retail outlets supports parallel development in commercial and residential establishments, thus contributing to overall urban development. Dr. Mukherjee also highlighted the need for disciplined usage of infrastructure to prevent issues like traffic congestion caused by double parking and improper use of roads.
Furthermore, he emphasized the importance of developing good neighbourhoods with ample open and public spaces around retail areas and called for a collaborative approach between the government and industry players to create efficient systems tailored to Indian needs.
Frequently Asked Questions
What is the focus of MMRDA's mission?
MMRDA's mission is to ensure seamless travel across the city, aiming for cross-district travel to take around one hour and short-distance travel to be within 30 minutes.
What is the importance of creating open public spaces around retail areas?
Creating open public spaces around retail areas is crucial for the growth of retail real estate, as it enhances accessibility and customer convenience.
What is Dr. Mukherjee's expectation from retailers and real estate developers?
Dr. Mukherjee expects retailers and real estate developers to utilize infrastructure responsibly and address parking rates to encourage the use of designated parking spaces.
What is the collaborative approach that Dr. Mukherjee is calling for?
Dr. Mukherjee is calling for a collaborative approach between the government and industry players to create efficient systems tailored to Indian needs.
What is the purpose of developing good neighbourhoods with ample open and public spaces around retail areas?
The purpose is to enhance accessibility and customer convenience, and to contribute to overall urban development.
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