{"id":1285593,"date":"2024-09-23T14:55:34","date_gmt":"2024-09-23T09:25:34","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1285593"},"modified":"2024-09-23T14:55:54","modified_gmt":"2024-09-23T09:25:54","slug":"mumbai-metropolitical-region-will-get-10-new-cities-2-tourism-hubs-7-business-districts","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/mumbai-metropolitical-region-will-get-10-new-cities-2-tourism-hubs-7-business-districts\/","title":{"rendered":"Mumbai Metropolitical Region Will Get 10 New Cities, 2 Tourism Hubs, 7 Business Districts"},"content":{"rendered":"\n

NITI Aayog, India\u2019s central think tank, has laid out an ambitious master plan to transform the Mumbai Metropolitan Region (MMR) into a global economic hub. This strategic proposal includes the development of 10 planned cities<\/a>, 2 tourism hubs, and 7 world-class business districts, all aimed at significantly boosting the region’s economic landscape.<\/p>\n\n\n\n

\"Mumbai<\/figure>\n\n\n\n
\n\n\n\n

Affordable Housing and Slum Rehabilitation<\/strong><\/p>\n\n\n\n

One of the major highlights of the plan is the rehabilitation of 2.2 million slum households, focusing on transforming slum-occupied land into affordable housing. With 40-50% of this land financially attractive for private investments, the plan proposes building affordable homes with rents below \u20b915,000 per month, following a model similar to Singapore\u2019s public housing system. The Maharashtra government has also been asked to provide \u20b920,000 crore in viability gap funding to support less economically viable slum areas.<\/p>\n\n\n\n

\n\n\n\n

Business Districts and Industry Growth<\/strong><\/p>\n\n\n\n

The master plan identifies seven core industries\u2014financial services, fintech, health, education, aviation, media, and data centers\u2014as crucial to the region\u2019s transformation. It proposes the creation of business districts modeled after global benchmarks like Canary Wharf and The Bund. These districts, located in Bandra Kurla Complex, Wadala, Kharghar, and MbPT land, aim to serve as magnets for talent and innovation, fostering business growth and economic development.<\/p>\n\n\n\n

\n\n\n\n

Tourism as an Economic Driver<\/strong><\/p>\n\n\n\n

Tourism plays a pivotal role in the master plan, with the potential to contribute $55-60 billion of MMR\u2019s targeted $160 billion GDP by FY30. Key initiatives include promoting coastal and heritage tourism, cruises, wellness tourism, and constructing a 40-million-litre capacity oceanarium and a themed adventure park in Navi Mumbai. A world-class Film City featuring iconic Bollywood studios is also proposed, further strengthening Mumbai\u2019s global appeal.<\/p>\n\n\n\n

\n\n\n\n

Infrastructure and Education Expansion<\/strong><\/p>\n\n\n\n

The plan also emphasizes infrastructure development, calling for 150-175 million square feet of office space, 12,000-15,000 premium hotel rooms, and 70 million square feet of warehousing space. Additionally, the proposal highlights the need for new educational institutions in STEM, law, and liberal arts, along with additional hospital beds to cater to the growing population.<\/p>\n\n\n\n

NITI Aayog\u2019s master plan is a comprehensive roadmap for transforming MMR into a thriving economic center, with a strong focus on housing, business, tourism, and infrastructure development.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NITI Aayog, India\u2019s central think tank, has laid out an ambitious master plan to transform the Mumbai Metropolitan Region (MMR) into a global economic hub. This strategic proposal includes the development of 10 planned cities, 2 tourism hubs, and 7 world-class business districts, all aimed at significantly boosting the region’s economic landscape. Affordable Housing and […]<\/p>\n","protected":false},"author":30,"featured_media":1285602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6157,1615],"class_list":["post-1285593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mmr","tag-new-cities"],"acf":[],"yoast_head":"\nMumbai Metropolitical Region Will Get 10 New Cities, 2 Tourism Hubs, 7 Business Districts - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/mumbai-metropolitical-region-will-get-10-new-cities-2-tourism-hubs-7-business-districts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai Metropolitical Region Will Get 10 New Cities, 2 Tourism Hubs, 7 Business Districts - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"NITI Aayog, India\u2019s central think tank, has laid out an ambitious master plan to transform the Mumbai Metropolitan Region (MMR) into a global economic hub. 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