The Remaking of Mumbai Federation (RoMF) has estimated an expenditure of Rs.20, 000 crore to rebuild India’s financial capital, and hopes to draw from overseas investors and partnerships to fund its makeover plans.
The RoMF has identified 20,000 buildings which need a new look, and has
recommended a higher floor space index for development. Amongst its other
proposals, RoMF has suggested a single planning and regulatory body based
on the public-private partnership model to closely work on every sector.
It recommends a vertical growth, allowing for free spaces in the city.
The pilot project is targeting the congested neighbourhoods of Chira Bazar
and Bhuleshwar.
The RoMF is a representative body of members from industry, non-profit
organisations, housing and financial institutions, real estate developers
and tenant bodies.
It was launched in March this year, led by Lalit Gandhi,
the CMD of the Lok Group and supported by HDFC chief Deepak Parekh, Municipal
Commissioner Johny Joseph and Bombay First Chairman Narinder Nayar
The representatives of the body will attend a conference in Shanghai on
the Council on Tall Buildings and Urban Habitats (CTBUH), and hope to
gain in terms of acquiring design and technical expertise through interaction
with the 300 delegates attending the global workshop.
