Bandra Kurla Complex

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The Bandra Kurla Complex (BKC)
CBD
BKC - panoramio.jpg
National Stock Exchange of India in August 2006.jpg
Icici-bandra kurla complex.jpg
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(From top) Bank of India headquarters, NSE building, ICICI Bank headquarters, Nita Mukesh Ambani Cultural Centre
CountryFlag of India.svg  India
State ..Maharashtra Flag(INDIA).png Maharashtra
District Mumbai Suburban
City Mumbai
Government
  Type Municipal Corporation
  Body Brihanmumbai Municipal Corporation (MCGM)
Languages
  Official Marathi
Time zone UTC+5:30 (IST)
PIN
400051 [1]
Area code 022
Vehicle registration MH 01 (South Mumbai end)
MH 02 (Bandra end)
MH 03 (Kurla end)
Civic agency MMRDA
Wockhardt headquarters Wockhardt Hospital Mumbai.jpg
Wockhardt headquarters
IDFC First Bank headquarters IDFC First Bank headquarters.jpg
IDFC First Bank headquarters
IL&FS headquarters Bandra-Kurla complex Bombay 3239.JPG
IL&FS headquarters
NSE building at Bandra Kurla Complex IT7A2918 copy.jpg
NSE building at Bandra Kurla Complex
The Capital TheCapital Image2.jpg
The Capital
Jio World Centre Jio world convention centre.jpg
Jio World Centre
Fountain of Joy, Dhirubhai Ambani Square JWC dhirubhai-ambani-square.jpg
Fountain of Joy, Dhirubhai Ambani Square
JSW Group headquarters JSW Group Mumbai HQ.png
JSW Group headquarters
Bharat Diamond Bourse BDB Mumbai.jpg
Bharat Diamond Bourse
Edelweiss Tower Picture of the Edelweiss Capital buildings in Mumbai.jpg
Edelweiss Tower

The Bandra Kurla Complex is a Central business district in the city of Mumbai, India. It is a prominent upscale commercial hub which commands some of the highest property rates in the country. [2] According to MMRDA, the complex is the first of a series of "growth centres" created to "arrest further concentration" of offices and commercial activities in eastern parts of Mumbai. It has aided to decongest the CBD (Central Business District) in South Mumbai while seeding new areas of planned commercial real estate in the metropolitan region. [3]

Contents

Subjects

BKC houses a number of commercial buildings including Jammu & Kashmir Bank, National Business Centre, National Stock Exchange, SEBI, SIDBI, ONGC, Punjab National Bank, Twitter India, NABARD Head Office, Nita Mukesh Ambani Cultural Centre, ICICI Bank, Citibank, Dena Bank, Bank of Baroda, State Bank of India, Bank of India, Kotak Mahindra Bank, Bharat Diamond Bourse, Unit Trust of India, Dhirubhai Ambani International School, IL&FS, Amazon.com, Spotify, Asian Heart Institute, Dow Chemicals, American School of Bombay, Institute of Chartered Accountants of India, Fortune 2000, Jio World Centre, Jio World Drive and Jio World Garden. It also hosts the first Apple Store in India called the "Apple BKC".

It also is home to the Mumbai Cricket Association's cricket ground, the Consulate General of the United States, Mumbai and the British Deputy High Commission, Rustomjee Seasons, Hubtown Sunstone, Ten BKC, Kalpataru Magnus, Kalpataru Sparkle, Rustomjee Oriana. [4]

There are more than 400,000 (4 lakh) people working in various offices throughout the BKC. [5]

It covers 370 hectares of once low-lying land on either side of the Mithi river, Vakola Nalla and Mahim Creek. The area had poor surface drainage and was severely affected by pollution in the Mahim Creek. One of the important features of the channelisation of Mithi river and Vakola nalla was to improve water carrying capacity and reduce pollution. Mithi River for about 4.5 km of its length from Mahim Causeway to C.S.T. Road Bridge and its tributary Vakola Nalla, for 2.5 km of its length, have been channelised for an average 60 m and 40 m bed widths respectively, thereby improving the hydraulic features of these two important water courses in the BKC area.[ citation needed ]

The commercial development in BKC includes private and government offices (state and central), banks, wholesale establishments, etc. and will provide ultimately about 2,000,000 jobs in the area. The MMRDA has so far developed 19 hectares of marshy land in the 'E' Block where a number of office buildings have been constructed. These buildings together provide an office space of 174,000 square metres with a potential to accommodate 17,400 jobs. An Urban Plaza and Park named 'CITY PARK' has been developed on an area of about 22,500 square metres in this block.[ citation needed ]

In recent years[ when? ], BKC overtook South Mumbai to become the third most-prominent business district in Maharashtra, after Mumbai's Nariman Point and Cuffe Parade. However, a lack of public transportation options in the area (including rail, metro, etc.), in addition to the soft marshland on which BKC is based, have challenged the further development of the area, such as the construction of skyscrapers and high-rises. Despite this, it is expected by 2030 that BKC and Parel will be more prominent commercial hubs than Nariman Point and Cuffe Parade.[ citation needed ]

G Block and International Finance and Business Center (IFBC)

Besides the development in 'E' Block, the focus of development of activities has also moved to the adjoining 'G' Block where a new International Finance and Business Center is planned.[ citation needed ]

Objectives

The main objective of International Finance and Business Centre (IFBC) planning is to create new office locations. In order to ensure some life in the area even after offer office hours, a mix of activities has also been envisaged.[ citation needed ]

Accessibility

The basic consideration of the IFBC plan is accessibility to the area. The considerations of accessibility and orientation have shaped the overall master plan of IFBC. It is a part of the 'G' Block of Bandra Kurla Complex, which is located between Bandra and Kurla, both of which are major railway stations and have railway terminals (Bandra Terminus and Lokmanya Tilak Terminus, respectively) in their vicinity on the Western and Central lines respectively, of the Mumbai Suburban Railway. In addition to the suburban railway, the upcoming Line II of Phase 1 of the Mumbai Metro project will pass through the IFBC and will have 4 stations near and within BKC (i.e., MMRDA, Income Tax Office, Bharat Nagar and Complex Road), other than Bandra (Metro) and Kurla (Metro) stations.[ citation needed ]

Other than the above rail links, BKC can also be accessed through the Western Express Highway, a major expressway in Mumbai, via the Kalanagar Junction and BKC Road, which passes through the IFBC. And also there is link road to connect Eastern express highway.

In 2019, the west side of BKC in the inside area started operation of a new flyover. It is called Chunabhatti-BKC flyover or just simply BKC Connector as it connects with the Eastern Express Highway. The bridge provides proximal access to Sewri-Chembur Road and vehicles can climb on the Eastern Freeway from Daya Shankar Chowk turning right from the link road or get to BKC just north from Sion all the way therefore more most business people working in the area or living in the area and commuting to South Bombay for work getting faster journeys and less travel time. The road is allowed and cars and few bus routes sometimes provide service on the overpass and trucks, 2 and 3 wheelers are restricted on this road. The bridge passes over Mithi River and over Mumbai Suburban Railway's Central and Harbour line tracks and it acts as a bypass to areas like Kalanagar and Dharavi and the route is expected to reduce traffic congestion on the existing link roads.[ citation needed ]

Land use

About 42 per cent of the land area of the plan is earmarked for commercial use and 14 per cent for housing. One of the important features of the area is preservation of large open spaces surrounding various public centers. This is expected to be the focal point of activities and a major attraction of the area. A large utility complex is proposed to be developed. It will provide space for various public and commercial utilities, small offices for professionals, car parks, bus stands and taxi stands. Parking demand expected in the area is about 15,000. To provide for such parking requirement, two level basement parking is permitted for all buildings. Public parking is also proposed in the form of multi-storied and underground garages.[ citation needed ]

Concert venues

In order to provide space in terms of open grounds for arranging various exhibitions, events etc., open plots have been made available on rent. These open plots collectively known as 'MMRDA Grounds' host most of the city's Trade Exhibitions, Music Concerts, Award Nights and Religious and Political Rallies. International Artists that have performed at the MMRDA grounds include Akon, 50 Cent, Beyoncé, Guns N' Roses, INXS, Iron Maiden, Michael Learns to Rock, Pitbull, Roger Waters, Bryan Adams, Scorpions, Mark Knopfler and Shakira. [6]

BKC hosted Vodafone Speed Fest, an F1 Street Race featuring Lewis Hamilton on 16 September 2012. [7]

The Global Citizen Festival was hosted at the MMRDA Grounds on 19 November 2016, headlined by Coldplay and Demi Lovato. The lineup also included Aamir Khan, Jay-Z and A.R. Rahman, among others. [8]

Development till date and in future

A number of offices and residential buildings and three schools have been constructed and occupied. Construction of other buildings is in an advanced stage of completion. Most of the infrastructure services work including water supply, sewerage, telephone, gas, storm water, and electricity is completed. CNG and Petrol Pump outlet are operational. Mahim Nature Park is development in ‘H’ block of the complex.[ citation needed ]

Currently[ when? ] MMRDA has invited bids for allotment of 5 commercial plots, 3 residential plots and 2 plots for hotel purpose.[ citation needed ]


Transport

Mumbai Metro lines 2 and 3 will be in this area, which would be also integrated with Mumbai–Ahmedabad high-speed rail corridor's Mumbai Terminal. [9]

Sports

Bandra Kurla Complex Ground is a cricket ground. The ground normally hosts charity matches and some local matches. It is also home to the Mumbai Cricket Association. [10] In 2009, India under-19s also practiced with Mike Young, an Australian fielding coach for the 2010 World Cup in New Zealand. The ground has also hosted women's ODI and T20I matches including two matches of World Cup 2013. [11] [12]

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References

  1. "Pin code : Bandra Kurla Complex, Mumbai". indiapincodes.net. Retrieved 9 February 2015.
  2. "Japanese firm set to buy 3-acre BKC plot in Mumbai for Rs 2,238 crore, rocks real estate history".
  3. "Tips on Buying Private Health Insurance in Arizona". Mr Damumbai Insurance. Archived from the original on 4 October 2021. Retrieved 5 August 2005.
  4. "Uddhav and Rashmi put down Rs 11.6 cr for Matoshree-2.0".
  5. Shukla, Alka (20 September 2010). "BKC to become food lovers' delight". Mumbai Mirror. Bennett Coleman & Co. Ltd.
  6. "Shakira Mumbai Concert 25 March 2007 MMRDA Grounds". concertarchives.org. August 2014. Retrieved 31 March 2023.
  7. Speculations about my leaving McLaren are rubbish: Hamilton. The Hindu. 16 September 2012. Retrieved 6 December 2013.
  8. "Global Citizen". Global Citizen. Retrieved 15 September 2016.
  9. "Indian Railways bullet train between Mumbai and Ahmedabad gets big BKC Metro boost". Zee Business. 14 April 2018. Retrieved 21 June 2024.
  10. "Sharad Pawar Indoor Cricket Academy, Bandra kurla complex". Mumbai cricket association.
  11. "ICC WOMEN'S WORLD CUP fixtures". ESPN Cricinfo. Retrieved 21 June 2024.
  12. "'We want Pak women's WC matches out of Bandra-Kurla Complex'". The Times of India. 14 January 2013. ISSN   0971-8257 . Retrieved 21 June 2024.