"In all, the university will hand over land measuring 34,715 sq mt to MMRDA. The TDR, generated after handing over of the land, will be sold and used for the overall development of the university, which will include construction of hostels, staff quarters, guests house, science block in area of about 3 lakh sq mt," the authority said in a statement here.
The MMRDA will be constructing 1.2 km-long elevated road with 2+2 lanes from Bharat Diamond Bourse Junction in BKC to Vakola Junction near Western Express Highway.
The MMRDA has also planned to build a flyover from Bandra Worli Sea Link to BKC and a road on stilt from Kalanagar towards Sea Link. The estimated cost of the work is Rs 253 crore, the statement said.
It has also proposed to develop an elevated connector from 'G' Block in BKC to join EEH via Mithi River, LBS Road, Central Railway track Duncan Causeway Road, colony road leading to Chunabhatti Railway Station, crossing Harbour Line tracks and Somaiyya Trust Ground at an estimated cost of Rs 155.70 crore and expected to be completed by April 2018.
Disclaimer: No Business Standard Journalist was involved in creation of this content