Approval of Coastal Zone Management Plan for Mumbai & Suburbs

The Union Ministry of Environment, Forest and Climate Change having approved Coastal Zone Management Plan (CZMP) for Mumbai and Mumbai Suburbs is a positive move  delighting real estate development across the sea-front line. Mumbai and its suburban areas faced the challenge of a large number of old, dilapidated buildings and existing slum dwellings, the redevelopment of these has posed a challenge, as a result of the existing norms. Relaxing the CZMP will further aid in expediting redevelopment and rehabilitation work on such encroached CRZ coast lines.

While the CZMP maps have not been signed as yet, in principle the notification is final, marking of the maps is just a consequent process, which will follow and will be done shortly. Once done, the final notification of CZMP for Mumbai will indicate the quantum of land parcels that can be opened up for the development in the city and adjoining areas. The Order, once issued by the National Coastal Zone Management Authority (NCZMA), will definitely accelerate rehabilitation and redevelopment in these areas. Realty projects in the region will boost up.

Authorities have also announced that clarification on the Flamingo Sanctuary issue should be issued within a fortnight. This, along with the CZMP, will enable commencement of several real estate development schemes, including those by the government once the announcement is notified. These announcements will conclude both of these issues and enable development of locations within Mumbai and its suburban areas.