Mumbai property set to get 647 acre boost; Buildings may rise within 50 mtr of sea
This decision will pave way for the redevelopment of over 647-acre of sea-facing slum-occupied land in Mumbai. The MoEF’s appointed Dr Shailesh Nayak committee has recommended changes in the CRZ notification of 2011. “The central ministry of environment and forest has invited suggestions and objections from various state holders within 60 days. Once this procedure is completed, a final decision will be taken,” the notification stated. A copy of the notification is with DNA
Mumbai Property: Prakash Mehta, housing minister told DNA that amendment in the CRZ will help to develop 647-acre of slum land along the city’s coast. Image source: Reuters