According to a technical committee that had examined alternatives to Aarey for the deposit, BKC would have merits and demerits as an option. The site, MMRDA Grounds, is spread over 20 hectares and is located across from the Diamond Bourse. In listing the merits of the site, the panel had said: “The site is close to the corridor and less than 1 km from the BKC station. Since MMRDA is the owner of the land, the acquisition can be done relatively easily. ”
On the disadvantages of relocating the warehouse to BKC, the panel had observed: “The warehouse will have to be developed in an intermediate location that is not recommended for operations. A transition ramp will need to be constructed to bring the trains from the subway to the incline section. This will require approximately 400 m of land to build the ramp. Such a ramp would cross the main BKC highway and require R&R issues to be addressed. The cost of such a ramp will require an additional Rs 30 million. ”
Expanding on the demerits, Fadnavis said on Friday: “The last land sold at BKC was at the rate of Rs 1.8 billion per hectare. So if 25 hectares are taken in BKC (for the car shed), it would cost Rs 25,000 crore to Rs 30,000 crore. ”He said the proposed bullet train station in BKC would be a three-level underground structure and would take only 500 meters of “It is designed in such a way that financial buildings can be built on top of it without any loss. But, if we talk about building the Metro wagon shed under the ground, then its cost will increase from Rs 500 crore (planned under your government ) to more than Rs 5,000 crore “.
The panel said the land in question “is an extremely valuable economic asset” and “the revenue that is estimated to be generated is approximately Rs 30 billion.”
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