Nucleus Office Parks Streetscape Project In Mumbai
Nucleus Office Parks owned by Blackstone, 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. Construction of the project began in December 2020. Phase one is expected to open to the public by May 2021. 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 kilometers 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. 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 center. 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.”
Tags : ALLIED Mumbai Office Parks Nucleus Streetscape Project