¨Infra projects worth `10,000 crore will be floated in about eight months´ time for the NAINA pilot project.¨
SANJAY BHATIA, Vice Chairman & Managing Director, CIDCO, shares the plan for India´s biggest greenfield city, NAINA.
Introduce us to CIDCO´s projects that will contribute to the transformation of the MMR.
Major greenfield changes in MMR are being done by CIDCO: The greenfield Navi Mumbai International Airport and India´s biggest greenfield city, Navi Mumbai Airport Influence Notified Area (NAINA) city. We have also offered to become equity partners for the Mumbai Trans-Harbour Link (MTHL) with MMRDA. This will be taken up soon, probably in the form of a joint project, with completion targeted similar to the international airport (the first flight is expected to be in 2019). For MTHL, CIDCO will be involved in the land acquisition and as an equity partner.
How is NAINA city being planned?
NAINA is being developed in a unique model and scheme. Bigger than Mumbai, this 600 sq km has been divided into three parts. Part one involves a pilot project where we have applied a new scheme for land acquisition. Under the scheme, 40 per cent of land is voluntarily surrendered and on the balance 60 per cent, FSI from the current 0.1 will go up to 1.7. So, to the balance 60 per cent, we will provide peripheral and all city-level infrastructure.
What is the current status on the pilot project?
The plan is ready and we should be completing the project in five years´ time. It is equal to three towns (say, Vashi, Nerul and Sanpada together) with infrastructure worth Rs 10,000 crore. Also, after eight months from now, we are preparing a plan for 160 sq km (37 sq km is pilot and 123 additional sq km), which is one-third of Mumbai. This is the entire Phase-I of NAINA city, the entire infrastructure for which will be completed in the next 10 years. So, ultimately, Phase-I, which comes after the pilot, will depend on the success of the pilot project.
How would you quantify the opportunities that will come with the pilot project?
The pilot project, called IDP-I, is going to be the airport city. Considering its proximity to the airport, major activities in the city will be related to the airport. The next plan, Phase-I, will have 12 new towns with different themes like entertainment, logistics, medical, education, etc. Following our success in Phase-I, we will start work on Phase-II, which will comprise 15 towns. So both phases together would make for 30 towns. In terms of quantification, as part of the pilot project, Rs 10,000 crore worth of infrastructure projects will be floated in about eight months´ time.
How far are we from achieving the MMR transformation plan?
We are moving at a fast pace. The airport will be completed in 2019 and the NAINA pilot project in the next five years. Speaking of transformation, NAINA´s pilot project will have three BKCs. What we are envisaging is 30 towns with at least 30 BKCs.