How The Bandra-Kurla Complex Can Help Mumbai Decongest
Urban authorities across the world formulate plans to decongest cities. However, efforts to decongest Mumbai, the country's financial capital, have had more disastrous consequences than in any large city in the world. Instead of lowering, such decisions have ended up raising the population density in areas, where the infrastructure is not strong enough to support it.
However, the plan to decongest the central city makes sense in the context of the topographical constraints and cultural evolution of the city. This is very true of the efforts to move the central business district (CBD) of Mumbai from Nariman point to the Bandra- Complex (BKC) . This has been successful, despite the claim that it was bound to fail.
Real estate demand in the Maximum City has been shifting.
Social media giant Facebook has decided to have a permanent office in the BKC. The company has leased 22,000 square feet of space on the seventh floor of One BKC, a tower of Radius Developers. Currently, it has a temporary office in the BKC. cently, Bank of America, Pfizer, Trafigura, Abbott India, and CitiBank had moved its offices to the BKC. Celebrities like Aishwarya Rai and Kapoor and bankers such as Uday Kotak had recently bought expensive apartments in the BKC.
A comparison of variation in maximum FSI in cities across the world
Infographic by Sandeep Bhatnagar
The de jure CBD of Mumbai is located at the tip of a peninsula because in the 19th century, it was easier to install a port there. But, such incentives do not exist anymore. Much of the city's population live far from Nariman point. Much of the area around Mumbai's de jure CBD is surrounded by water. Moreover, the commercial floor space index (FSI) in the BKC is 4. The catchment area around the BKC is many folds of that of the catchment area around Nariman Point. Unsurprisingly, in 2012, the BKC has emerged as the de facto CBD of Mumbai.
How should the city adjust to this?