Mumbai gets its City Centre [October 22, 2011]

The Lodha Group, one of India's largest real estate developers announced the launch of Mumbai’s City Centre – New Cuffe Parade. Located in the new MMRDA development near IMAX Dome on the Eastern Freeway, it will redefine urban luxe living, while also addressing its responsibilities towards the fabric of the ecosystem around.
The development will be part of the 250-acre land bank being honed into a definitive city centre, post rigorous planning by MMRDA, the apex body that has given Mumbai the Bandra-Kurla Complex, India's finest business district. Interestingly, this is also the last major undeveloped piece of land, located virtually in the geographical centre of the island city, which is about to be transformed into a world-class destination.
With its strategic location at the monumental meeting point of the monorail, the metro rail and the Eastern Freeway, Mumbai's landmark destination will also be the first to offer high-speed connectivity to every part of the city as well as important emerging centres of the future. Comfortable public transportation will also mean a reduced usage of private vehicles, which means less pollution, less traffic, a smaller carbon footprint and a bigger contribution to the environment.
“Spread across an area of 23 acres, New Cuffe Parade will entail a whopping investment to the tune of over  Rs. 10,000 crore over the next 5-7 years, making it one of the largest private investments in the MMR region. New Cuffe Parade in its first phase will consist of a pair of 63-storied elegant towers, with 15 acres dedicated to lush green spaces, making this Mumbai's greenest development. During its construction period, the project will generate over 12,000 jobs on a permanent basis and over 10,000 jobs annually”, the company release states.

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