Design for BKC-2 to be ready in six months: Cidco

Design for the proposed Bandra Kurla Complex-2 (BKC-2) project, to be developed in the satellite town of Navi Mumbai, is expected to be finalised within six months, City and Industrial Development Corporation (Cidco) said on Wednesday.

The project, coming up in Kharghar, will be spread over 200 hectares, including around 80 hectares of central park and golf course. The actual corporate hub will be on 125 hectares of land. “We have planned to develop a corporate sector hub on the lines of BKC in Mumbai. We call this project BKC-2 and we are in the design stage. We expect that in the next six months, we will be able to finalise it, following which we will plan the development,” Cidco managing director Sanjay Bhatia told reporters on the sidelines of Smart Cities Summit here.

He said its board has approved the proposal and Cidco will now seek government nod for higher floor space index (FSI). “We expect an FSI of three for the development of this project. However, we will now send the proposal to the government,” he said. Explaining the development model, Mr Bhatia said land parcels would be auctioned to corporates, like it was done in BKC Mumbai. “We have decided to first give preference to public sector undertakings (PSUs) for allotment of land,” he said.