State finalises international business hub plan for BKC
MUMBAI: An international arbitration centre, an iconic structure along the lines of One Canada Square building in Canary Wharf, London, or Marina Bay Sands in Singapore, and an overall floor space index (FSI) of up to 6 or 7 — to allow more skyscrapers for commercial offices — is what the state has planned at the proposed International Finance Centre (IFC) spread across 50 acres at the BandraKurla Complex (BKC).
The long-pending plan of an IFC in Mumbai, based on its financial capital status, is finally gathering pace even as the project’s task force led by Union minister of state (MoS) for finance, Jayant Sinha, is set to hold its first meeting in Mumbai next week.
“We have done our homework and things are now falling in place. A proposal to notify the 50 acres at BKC as finance SEZ has been submitted to the ministry of commerce. While Mumbai can’t fulfil the requisite condition of having 200 acres for SEZ, we have proposed to make up for the land crunch by offering vertical development. The ministry has been positive about our proposal and we expect a nod soon,” said Poonam Mahajan, a BJP city MP and deputy chairman of the IFC task force. “The FSI for this notified area can be hiked up to 6 or even 7.”