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As per to the sources saying @ the www.propertykhazana.com, Maharashtra Govt. to increase FSI from 1-4 for the areas to be linked by Rs. 7,000 Crores MTHL will benefit NMSEZ which is developed by the Reliance Industries Ltd. on JV basis with the State Govt.’s infrastructure limb CIDCML. The FSI is the ratio of total floor area of the building to the dimension of the plot and specifies the maximum construction allowed on a site in a particular locality. Mumbai Sea Link, between Sewri in the island city and Nhava Sheva across the stream was to be developed before on a BOT basis. But, after a harsh battle amid Ambani Brothers over taking the contract for the MTHL, State Govt. resolute to separate the bidding procedure and take up the display venture of its USD 40 Billion Mumbai Makeover program on its posses. MMRDA which has cash treasury of about Rs. 10,000 Crores will part-fund the venture.
State Govt. is following same progress of conceding a high FSI at the Metro railway stations to decrease VGF. As per to the Govt.’s opinion, it has to pay a VGF of about Rs. 4,500 Crores to the developers and this comprises the VGF of about Rs. 1,600 Crores to be paid to Mumbai Metro One Pvt. Ltd. which is undertaking Mumbai’s metro line.
One of the senior Officer said to the www.propertykhazana.com that, “Defy for the Govt. officers is to meet the January 26th 2009, closing date given by Political executive for the beginning of work on sea link. The actual trouble is on the other side of the link, while the land appropriate for the shedding yard there is possessed by private people. We have to move a new request with the Ministry of Environment and Forest for getting environmental permission in fulfillment with HC directives.”
Source: NBTVLIVE

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