THE Bandra Kurla Complex (BKC) was in the running to become Mumbai's next Nariman Point. Until now, that is. Private companies and organisations are either delaying or refusing to go to BKC, even after buying plots. This, in turn, has affected the pace of infrastructure projects planned for BKC, even though it's still in its initial stages.

Derailed?
The Mumbai Metropolitan Regional Development Authority (MMRDA) is developing important projects like the Monorail, a Metro rail, skywalk, platforms on Mithi River and a flyover connecting BKC and Chunabhatti.

However, all these projects, still in their initial stages, are moving at a slower pace. An official from MMRDA said, "We were to expedite these infrastructure projects as the developers were supposed to come to BKC within months, soon after the bidding got over. Now with recession, the developers are not so keen. It's giving us more time to work on these projects."

Surendra Sawai, Member of Kapda Bazaar at Kalbadevi said, "Nearly 10 years back, we were supposed to shift at a price of Rs 600 per sq feet. But with the constant change in the government and the overall economic meltdown, the prices have astronomically risen to Rs 40,000 per sq feet. Even after several meetings with MMRDA, no specific decision has been taken."