Mumbai Govt. Cater to Real Estate Needs of Finance Firms

May 3, 2007	(Be the first to rate this story!)  Loading ...
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Rising prices of commercial property in Mumbai are hitting the sky, a factor which is preventing many financial players to set their establishments in the city. During such a time, Maharashtra Government has come up as a great help and considering offering them real estate at affordable prices. The shift is a part of the government’s plan to help the city emerge as an international financial centre (IFC).

The government may offer a higher floor space index at a reasonable premium in Mumbai to woo global financial players, says Sanjay Ubale, state secretary – special projects. He further reveals that NTC had submitted a report of state government for the development of its mill land in the metro. Now, the government is planning to take up the proposal with NTC.

Indeed, all including the Union and State Government along with the local corporation are working on the strategies to accomplish the common goal. Moreover, Mumbai has all the qualities to be an IFC.

The government is also planning to call proficient functionaries from public and private sector to supervise various IFC projects.  All regulators must be brought under a single umbrella, says CB Bhave, managing director, NSDL.

News Published Under:   Mumbai |

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