The Mumbai Metropolitan Region Development Authority (MMRDA) expects good cash flow from various sources of revenue over the next 25 years. Still, officials said the Rs 60,000 crore that it has been allowed to raise in loans would act as a buffer in case of non-receipt from expected sources In the next five years due to delays in projects and its impact on revenue inflow. MMRDA’s source of revenue has been hit due to delay in commissioning of major projects because of the Covid-induced lockdown as well as the lack of interest demonstrated by parties in the land parcels put up on lease in BKC.
Source – Times Of India
