CREDAI-MCHI Launches Vision Document for MMR

BY Realty+

With the vision to further transform MMR to boost economic growth and development for the region and the country as well, CREDAI-MCHI has launched a Vision Document - Maximise, Modernise, Revolutionise: MMR, as a part of its policy initiative focused on the regeneration of MMR. 

The policy initiative aims to build Mumbai and MMR into a world-class sustainable region and modern cosmopolis by 2040, while emphasizing climate change and carbon neutrality along the way, with the joint efforts of the state government.

Through this initiative, CREDAI-MCHI as a stalwart entity draws key recommendations to act now to integrate, innovate and internationalise MMR through public-private partnership and a people-driven development model.

Some of the key measures as suggested by CREDAI-MCHI includes Integrated Urban Water Authority, rejuvenation of water bodies through river buddies program, dedicated mangrove parks, the introduction of skill trucks, integrated data strategy, infrastructure investment fund board, and many such innovative recommendations. 

The document also enlists some trends that will transform MMR including digitalization of administration, electric vehicles ecosystem, a better public transport system, and sustainable and responsible construction practices among others. 

The state government and CREDAI-MCHI jointly plan to act on these trends through a proposed committee of subject experts from the public, CREDAI-MCHI, and the Government of Maharashtra. 

Commenting on the launch of the policy initiative, Boman Irani, President, CREDAI-MCHI said, “MMR is one of the key growth drivers in the real estate industry with many buyers wanting to invest in the ‘City of Dreams’. In a changing world, Mumbai is grappling with several obstacles which are hindering its growth including inadequate water resources, improper waste management, and rising levels of pollution among others. With this policy initiative, CREDAI-MCHI aims to turn its key recommendations into a reality, with the joint efforts of the Government of Maharashtra and MCGM to transform Mumbai into a self-sustainable world-class liveable city.”

Dhaval Ajmera, Hon. Secretary, CREDAI-MCHI said, “Being the Business, Entertainment & Financial Capital of India, Mumbai has the potential to transform into a world-class city with a good quality of life and vibrant economy. The vision document covers key aspects which require immediate attention for the overall improvement of the area. This will give a major boost to several industries and improve environmental conditions within the region, making it one of the best places to live in for its citizens.”

Keval Valambhia, COO, CREDAI-MCHI said, "This vision document envisions a complete revamp of the region with an impetus to innovate urbanism, keeping environmental protection as a major priority to weed out outdated production capacity, reduce emissions, enhance the protection of water and land resources, and build MMR into a sustainable eco-region. The initiative also draws a concrete blueprint with an optimistic vision for a Mumbai without its ongoing challenges like waterlogging, slums, poverty, unemployment, and noise."

Tags : CREDAI MCHI Vision Document MMR policy initiative sustainable region Boman Irani President CREDAI-MCHI Dhaval Ajmera Hon. Secretary CREDAI-MCHI Keval Valambhia COO CREDAI-MCHI