Nucleus Office Parks is transforming the streetscape of Mumbai’s central business district by creating safe pedestrian pathways and a community space for residents to enjoy leisure activities. The mile-long stretch of road sitting at the junction between Dadar, Elphinstone, and Lower Parel in Mumbai’s central business district is a high-volume traffic area with more than one lakh commuters per day. As part of the redesign, Nucleus Office Parks will aim to streamline vehicle lanes and build more than 3 kilometres of pedestrian walkway including a separate track for cyclists. A new public community park is also planned to be introduced under the flyover with improved lighting, seating areas, playgrounds, exercise equipment, and artwork.
Aditya Thackrey, Cabinet Minister of Tourism and Environment, Government of Maharashtra, said, “We are grateful for the support from Nucleus Office Parks in our efforts to redevelop one of Mumbai’s busiest streets into a safe and clean space for residents to commute and gather. It is encouraging to see the private sector step forward and collaborate with the local government and authorities to improve the city’s infrastructure.”
Quaiser Parvez, CEO, Nucleus Office Parks, said, “At Nucleus, we constantly strive to enhance the experience for those working in and around our office parks. We are thrilled to begin work on this streetscape redevelopment project, leveraging our real estate expertise and experiences of transforming properties to enhance the quality of life for Mumbai residents.”
Tuhin Parikh, Head of Real Estate for India, Blackstone, said, “We support Nucleus Office Parks and the Government of Maharashtra in their efforts to create more green spaces and safer streets in the city centre. As one of the largest Global investors in India, we are committed to working with local governments to build thriving communities that can positively impact people and businesses.”
Construction of the project began in December 2020. Phase one is expected to open to the public by May 2021.
