Vision for Mumbai: Core Issues and Future Growth Strategy
This report outlines the core issues and future growth vision for the Mumbai Metropolitan Region (MMR) from March 2010 to July 2011. It highlights the vibrancy, density, and economic potential of Mumbai, addressing challenges such as public transport inefficiencies, untapped heritage, and the need for affordable housing. The document details various phases of project milestones and emphasizes the rising demand for workspaces, improvements in infrastructure, and the vision for Mumbai as a world-class metropolis by 2032 and a global city by 2052.
Vision for Mumbai: Core Issues and Future Growth Strategy
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Presentation Transcript
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