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BKC will reach to its saturation point over next decade: Report

With BKC saturated, govt plans to create commercial spaces in other areas

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BKC will reach to its saturation point over next decade: Report
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    Bandra-Kurla Complex (BKC) that was originally conceived as city’s next commercial hub after Nariman Point will reach its saturation point over the next decade. Hence, there is a requirement of a third commercial business district (CBD) to fill the gap in market for quality commercial spaces, says a Mumbai Metropolitan Region Development Authority (MMRDA) prepared report.

    The MMRDA which is the Special Planning Authority (SPA) of BKC is also planning to convert huge land parcel of Wadala Truck Terminal (WTT) into city’s third CBD where MMRDA is a SPA measuring around 122 hectares. 

    “Once BKC reaches saturation  over the next decade or so, Wadala can be conceived as the third CBD of Mumbai which will fill  the gap in the market for quality commercial spaces,” reads the report prepared by MMRDA. In context of BKC, the report mentions saturation as there is no further scope of expansion of development either horizontally or vertically. Around 2 lakh people travel to BKC for work daily and area around 20,000 vehicles daily.

    The plan was recently approved by Chief Minister Devendra Fadnavis. The plan to make Wadala as third CBD is by shifting or redeveloping the truck terminal located there. “The decision towards relocation/redevelopment of the Wadala Truck Terminal area has provided the Wadala Notified Area an opportunity to have an exciting mix of land  uses and building types, rather than be surrounded by dysfunctional, low-rise development,” the report said. 

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