The ambitious plan to transform Mumbai’s western sea fronts into an entertainment hub faces significant challenges from real estate developers, slum rehabilitation concerns, and environmental objections over mangrove destruction.
MumbaiEntertainment HubReal EstateEnvironmental ConcernsSlum RehabilitationReal EstateOct 27, 2024
The proposed plan is to transform the western sea fronts at Aksa, Madh, Marve, and surrounding beaches into an entertainment hub, including an amusement park, a commercial business district, IT parks, multinational corporations, studios, well-planned open spaces, and affordable housing.
The plan faces obstacles such as land allocation for the Dharavi Redevelopment Project, opposition from real estate developers, concerns about slum rehabilitation, and environmental objections over mangrove destruction.
An internal study suggests that this initiative could generate a revenue potential of INR 90,000 crore over the next 45-50 years through the controlled sale of Floor Space Index (FSI).
Environmentalists are concerned about the presence of mangroves and the risk of flooding due to their destruction. At least 30% of the coastal areas in this belt are currently encroached upon, with hutments slowly encroaching upon the mangroves.
Real estate developers are opposing the plan due to potential impacts on their financial interests. Advocate Godfrey Pimenta and environmentalists are opposing it due to concerns about exploitation of the areas and the lack of existing civic infrastructure.
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