Overturning a policy decision taken 37 years ago, the Devendra Fadnavis government has sought fresh reclamation for construction of a coastal road along the city's western shore that the CM said on Friday will be completed in two years.
Fadnavis promised more FSI in certain areas based on available infrastructure to facilitate affordable housing, permission to BMC to issue public bonds to raise infrastructure funds, begin work on the Nhava-Sewri trans-harbour link and the Navi Mumbai airport this year at a summit to focus on Mumbai's future.
Four flyovers to ease access to Bandra-Kurla Complex will be completed within a year, he said, after top bankers like the heads of Standard Chartered and SBI, which have a major presence in the financial hub, complained about lack of facilities.
The CM hoped for relaxation of the reclamation rule within three months so that the 36 km road from Cuffe Parade to Dahisar could take off soon. Activists raised the red flag over changing the no-reclamation rule even as environment department officials stressed it would not be extended for real estate.Civic chief Sitaram Kunte backed the FSI increase, saying limited construction had only pushed people into slums, and added the BMC could easily raise Rs.5,000 crore through bonds.