Monday, May 29, 2023

*MCGM Showcases the highly anticipated Coastal Road Project to the CREDAI MCHI Youth Wing providing an insight into the city’s development.*

Mumbai, 29 May 2023 - CREDAI-MCHI Youth Wing and Committee Members visited the highly anticipated Coastal Road Project to witness first-hand how a project of this size and magnitude can be effectively traversed with immaculate planning, professional intervention, teamwork, and great mental fortitude on 17th May 2023.
The youth real estate fraternity faces similar challenges whilst completing a project and this site visit was an eye-opener of sorts that even MCGM can get into the developer's shoes for once and show them how it's done. 
MCGM has taken a record number of approvals, permissions, and NOCs for this project. The single project encompasses the construction of tunnels under the sea, under Priya darshani park and land mass, over water bridges, reclamation of huge parcels of land, crisscrossing multi-directional roads for providing a multitude or entry and exit points and provision of promenades, jogging & cycling tracks, landscaping and multiple underground parking lots.
The project boasts of India's largest tunnel-boring machine being used in its implementation. This is the first time that innovative Saccardo fans or ejectors are used in India. This technology helps in tunnel ventilation and airflow. Being installed only at the edges of the tunnel makes maintenance easy and cost-effective.
Various aspects like water inflow/outflow, maintenance, waterproofing, the need for injection grouting in case of minor damp spots, etc were discussed in depth. The construction of the multilayer high tide wall and the elevated cantilevered promenade were also discussed.
Officials from MCGM explained the various challenges like controlled blasting in a residential neighborhood, ensuring the vibrations and noise levels are controlled throughout the project execution. Further, the legal challenges faced by the project were brought up, and how the officials managed to circumvent the legal obstacles whilst ensuring that cost overruns were kept in check and idle charges kept to a minimum. The detailed thought process involved in the project was evident for all to see right from the dedicated bus lanes to keeping emergency lanes vacant within the tunnels, the central monitoring outpost to monitor all activities in the tunnel including during emergencies, contingency planning by connecting the 2 tunnels to ensure the flow of traffic through 1 tunnel by using the emergency lane.
The technical presentation which was meant to be a 30-minute session got extended to more than an hour as the youth wing members kept asking pertinent questions and the MCGM team patiently explained in-depth about the project, the thought process, and the answer to various queries. The free-wheeling technical session was followed by a visit first on foot to the underground tunnel and then by cars and buses on the under-construction coastal road itself. The ride was mesmerising as we are always used to watching the sea from the city but never the other way around and catching a glimpse of the iconic city skyline and the historic monuments literally from the sea was an exhilarating experience. The Study tour ended with a group photo and a vote of thanks wherein senior committee members, Nayan Shah, Jayesh Shah, and Mukesh Shah thanked the MCGM profusely for planning, conceptualising, and implementing a project of such magnitude that would change the lives of millions of its citizens and help change the face of south Mumbai and Providing a sneak peak of the project to the MCHI CREDAI Youth wing which was a great learning experience in how to deal with complexity and adversity through meticulous planning and implementation.
On a lighter note, the officers of MCGM pointed out that CREDAI MCHI was a partner in such a great project as the majority of the funding had come through the premiums, fungible, etc paid by the Developers, the cess in stamp duty, etc. All in all, it was a morning well spent and each and every member left the tour with a sense of pride for its city and a fair bit of anticipation that come 2024, they would be using these world-class facilities.
Speaking on the occasion, Mr. Domnic Romell, President, CREDAI-MCHI expressed their profound admiration for the Coastal Road Project, acknowledging its role as a catalyst for regional development. They emphasized the project's potential to create new opportunities, attract investments, and enhance the overall quality of life for residents and visitors.
Moreover, the visit received accolades from Mr. Naman Shah, Convener, Youth Wing, who joined on this enlightening study tour. The Convener praised the Coastal Road Project's innovative approach and its ability to inspire young professionals to actively participate in shaping the future of infrastructure development.

CREDAI-MCHI is an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognised body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organisation and progress. 

*About Youth Wing*
CREDAI-MCHI's Youth Wing which comprises the strength of next generation leaders of the Real Estate Industry. Embark upon growth with different facets of the business with the young and dynamic members of the Youth Wing.

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