Navi Mumbai Corporate Park

The Cidco board, led by chief minister Devendra Fadnavis, has approved a project to set up a financial, corporate and technology hub in Navi Mumbai's Kharghar node.Consultants are to be appointed soon to prepare a detailed project report.
It will act as a magnet and will help decongest the Bandra-Kurla Complex (BKC), which is witnessing abnormally high rates for commercial and residential properties.
The Navi Mumbai Corporate Park (NMCP), along the Central Park area, will have an international finance centre, a technology hub and a corporate park. “Rooftop helipads will be allowed, for which a floor space index (FSI) of 3 is being sought.Plots will be defined by landscapes and hardscapes, and it will not have compound walls. Parking will be managed digitally . Centrally airconditioned buildings, pedestrian linkages, conveyance, night-life, exhibition centres and five-star hotels, and super-specialty hospitals will be part of the area,“ said Cidco MD Sanjay Bhatia.
The Metro, under construction, will pass through this proposed area, which is 5 km from Kharghar railway station. The land is close to the Pune Expressway , Goa highway , Thane-Belapur road and Nashik highway via Kalyan-Dombivli.
A senior Cidco official said BKC had an FSI of 2, which was recently increased to 4, but it could not be used effectively. “BKC has congested surroundings, a limited commercial area of 63 hectares, air and river pollution, a comparatively longer distance to the airport, and exorbitantly high rates of realty . Compared to this, our hub looks promising,“ he added.

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