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MEGAMORPHOSIS ii - MUMBAI. MAR 2011. CORE ISSUES & FUTURE GROWTH . VISION & concept options. The REGIONAL CONCEPT PLAN. The REGIONAL CONCEPT PLAN. PROJECT MILESTONE. Current Project Status. Mar 2010. Apr 2010. Jun 2010. Phase 0
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MEGAMORPHOSIS ii - MUMBAI MAR 2011
PROJECT MILESTONE Current Project Status Mar 2010 Apr 2010 Jun 2010 Phase 0 Investigation Phase 1 Planning Strategy & Structure Development Sep 2010 Nov 2010 Phase 2 Draft Regional Plan Apr 2011 Phase 3 Final Regional Plan Jun 2011 Phase 4 Local Plan & Urban Design Jul 2011 Phase 5 Implementation Strategy Steering Committee / Stakeholders Meetings Draft/ Final Report Submission Phase 6 Final Submission Project Duration of 66 weeks From March 2010 to July2011
The exciting Mumbai • Vibrancy & Density • Efficient but not sufficient public transport • Magnificent but untapped heritage • Slums & super luxury properties • National Park, mangroves & polluted air • Scenic waterfront & polluted water • Resilient & Innovative
EXPANDING ECONOMY & POPULATION • Growth Rate & Centre: • CAGR-basis projection => GDP growth taken for entire block of years up to 2052 • Anticipated faster growth rate in RoMMR than GM • Increasing contribution to MMR GDP from RoMMR with more new developments • GDP per capita rising to Rs 1mil by 2052 • Overall Demographic Profile: • Expanding population from 25mil in 2008 to between 38 mil and 44 mil by 2052 • Labour market rising to between 20.4 mil and 23.2 mil
RISING DEMAND FOR WORK SPACES • Sector Composition: • Moving towards a more services led economy with high emphasis on skilled human capital • => mirrored high rate of growth of 15% over past 7 years in the Business Services • => consistent with Government’s initiatives to grow the IT/ITES, retail, financial services Projected Sectoral Composition of MMR’s GDP SOURCE: MTSU/ McKinsey • Labour Market Profile: • Significant increase in tertiary employment by more than 3 times • Secondary Sector increase by double • Informal Sector reducing in size but still remaining • Pointing to a consistent and high demand for commercial office and retail spaces in future 71% 75% 75.5% 27% 24.5% 24.3% 2% 0.5% 0.2% 2008 2032 2052
MORE AFFORDABLE HOUSING NEEDED Note: All rates are in Rs/ sq. ft. Rise in property rates is based on a high growth assumption for MMR
NEED FOR COMPREHENSIVE TRANSPORTATION SYSTEM • Public transport mode remains high at 78% • Total trips in future will be almost 1.7 times to 2 times of the trip volume recorded in 2005 • Hence, much more comprehensive road & rail networks are expected • Domestic air travel demand could increase to 35mil passengers
PRESSING IMPROVEMENT TO INFRASTRUCTURE 1 extra Vihar Lake 5.5 times of Vihar Lake
PRESSING IMPROVEMENT TO INFRASTRUCTURE Sewerage Solid Waste
EVOLVING VISIONS Vision Mumbai by Bombay First and McKinsey Date of Publication: Sept ‘03 Region: Greater Mumbai Projection Year: 2013 Transforming Mumbai into a worldclasscity Transforming Mumbai into a World Class City, by Chief Ministers’ Task Force, GoM Date of Publication: Feb ‘04 Region: Greater Mumbai Projection Year: 2013 Transforming Mumbai into a world class city with a vibrant economy and globally comparable quality of life for its citizens Business Plan for MMR by MMRDA and LEA Associates Date of Publication: Aug ‘07 Region: MMR Projection Year: 2032 Transforming MMR into a world class metropolis with a vibrant economy and globally comparable quality of life for all its citizens VISION FOR MMR 2032 Transforming MMR into a “World Class Metropolis” with a vibrant economy, a globally comparable quality of life and a healthy and attractive environment for all its residents VISION FOR MMR 2052 To promote MMR as a “Global City” which capitalizes on itsuniqueidentity; and is an international business hub, a leading technological innovator, a melting pot of local and cosmopolitan cultures and a centre of excellence for urban environmental management. VISION FOR MMR 2032 MMR a “World Class Metropolis” VISION FOR MMR 2052 MMR a “Global City”
* The Concept Plan forMumbai Metropolitan Region is Voluminous. For Further Information Contact Bombay First Email: info@mumbaifirst.org Contact: 022 22810070/71