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.
Related News Articles
Experion Developers Acquires Prime Real Estate Project in Gurugram with Emerald Law Offices' Expertise
Experion Developers Private Limited has acquired a strategically located real estate project in Gurugram from Raheja Developers, with Emerald Law Offices acting as legal advisors.
Kalpataru Secures 7.5-Acre Mumbai Redevelopment Deal with Rs 2000 Crore Revenue Projection
Kalpataru, a prominent real estate developer, has recently inked a significant 7.5-acre redevelopment deal in Mumbai, expected to generate a revenue of Rs 2000 crore. This strategic move aligns with the company's vision to revitalize urban landscapes and
Cement Prices Drop 7% in April-January FY25: Industry Report
Cement prices experienced a significant decline of 7% during the April-January period of FY25, according to a recent industry report. This decrease is attributed to increased production from recently acquired capacities and improved operational efficiency
JD(S) Protests Greater Bengaluru Governance Bill, Alleging Real Estate Beneficiary Bias
The Karnataka Janata Dal (Secular) staged a protest against the Greater Bengaluru Governance Bill, accusing it of favoring real estate developers. The bill, which aims to streamline governance in Bangalore, has sparked controversy and opposition from vari
Kangana Ranaut Clashes with Hansal Mehta Over Past Property Controversy
Kangana Ranaut has taken to social media to express her dissatisfaction with filmmaker Hansal Mehta, who recently questioned her actions during a 2020 property controversy in Mumbai.
A New Era of Real Estate Management Education: Premium School Launching in Ahmedabad
Ahmedabad is set to welcome a new premium real estate management school, offering advanced education and training in the ever-growing real estate sector.