Mumbai is set to have the tallest commercial building of India
Mumbai’s tallest commercial buildings
Mumbai is going to have the tallest commercial building of India, in the leadership of Nitin Gadkari, Ministry of Shipping is planning to construct a tower in a business district on the land of Mumbai Port to monetize the asset and space in the financial capital of the country. According to Nitin Gadkari, “It will be 130 – storey tower and there will be offices and houses along with all the essential facilities and amenities. However; project is still in initial stage and we are working on the plan.
Whole project will cost more than 10,000 crore and is planned to develop without the support of government money because Ministry of Shipping is planning to raise funds through pre-booking of space from private companies and public sector units. It is expected that proposed building will be the vicinity of Nariman Point, once upon time which was Mumbai’s leading business district located at Fort area at South Mumbai. Currently, Ministry of Shipping is in the process to prepare a blueprint for the project through international consultation. According to statement of a senior government official, “Ministry of Shipping is preparing a separate master plan for the land of port and this upcoming building will be part of it. However; still government have to finalize the land parcel and the particular area for building”. Apart from that the number of floors, contours of the project and fixed location of the building at the port trust premises are yet to be finalized.
In Mumbai other business districts include the Bandra Kurla Complex, which was set up in the suburb of city to decongest the commercial areas in South of Mumbai. The government is planning to undertake the whole project because government is not interested to give land to private builders for the re-development of the project. According to Jaijit Bhattacharya, who is Partner-Infrastructure at KPMG, “If government is interested to address the logistics issues for the evacuation of people without stressing the cargo-laden port roads, so the proposed 130-storey building should have a demonstrative effect on a mechanism for land monetization which owned by ports”.
