Prashant Thakur, Head – Research, ANAROCK Property Consultants

After a year-long delay, the final draft of Greater Mumbai Development Plan (DP) 2034 recently saw the light of day.

The highlights were the amendments in the development control regulations (DCR) in terms of increased FSI and the opening of the salt pan lands for construction of affordable houses, which are now the talk of the town.

DP 2034 visualizes Greater Mumbai as a ‘competitive, inclusive and sustainable city’. It goes without saying that decongesting the city must be a prime focal point in such an agenda.

Accordingly, the Municipal Corporation of Greater Mumbai (MCGM) has decided to utilize the city’s huge tracts of salt pan lands for affordable housing projects.

A total of 3,355 hectares of salt pan lands are spread across MCGM in Dahisar, Goregaon, Mulund, Bhandup, Kanjur, Nahur, Ghatkopar, Turbhe, Mandale, Chembur, Wadala and Anik.

These lands, which were classified as salt pan lands and no development zones (NDZs) for decades are now open for new development.

According to the final draft of DP, 2,100 hectares of salt pan lands are now demarcated for the construction of 10 lakh affordable housing development,

Anuj Puri, Chairman – ANAROCK Property Consultants

The Government’s approval on the long-pending Mumbai DP 2034 is a welcome move.

The DP is likely to spur real estate activity in the city and also pave the way for the development of much-needed affordable houses in Maximum City.

Let’s look at the major highlights and likely impacts of this Development Plan:

Highlights of DP 2034

  • Overall NDZ is 16,700 hectares of which around 12,900 have now been classified as Natural Area (NA), which includes parts of Sanjay Gandhi National Park, Mangroves, salt pans and parts of Film City and Aarey milk colony, along with a few regions under CRZ.
  • DP 2034 proposes to unlock 3,700 hectares of public and private land currently tagged as No Development Zones (NDZ) – this massive land unlocking will open new avenues for real estate development
  • There is a target to construct 10 lakh affordable homes through unlocking of NDZ – this is a major push for the affordable housing segment, and much needed to accommodate the ever-increasing population in the city
  • The largest additions to the city’s developable land banks in recent history
  • FSI levels in the Island City are raised up to 3,