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Our Bureau

Mumbai, July 9

The Remaking of Mumbai Federation (RoMF), a body of associations of various stakeholders interested in the planned redevelopment of Mumbai, has led a delegation to the Shanghai conference of global body Council on Tall Buildings and Urban Habitats to attract international investment and partnership. The delegation is planning to sign a MoU with investors in the two-day conference, which concludes on Tuesday.

Besides redevelopment of Mumbai, RoMF’s blueprint envisages investment of Rs 18,000 to 50,000 crore in infrastructure development.

With around 20,000 dilapidated buildings identified in Mumbai by the State Government, the RoMF plan looks at increasing the permissible Floor Space Index and channelising a part of the proceeds to improve infrastructure facilities and more mass-housing.

“RoMF is looking at the joint venture route for faster and better planned growth, while released enough funds for much-needed upgradation of infrastructure,” said Mr Lalit Gandhi, convenor of RoMF and CMD of Lok Housing and Construction Ltd.

More Stories on : Urban Development | Maharashtra

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Mumbai development body scouts for investments from Shanghai

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