India, April 7 -- Maharashtra Pollution Control Board (MPCB) has leased 34 acres in Bandra Kurla Complex (BKC) for Rs.468.6 crore for 80 years to construct Paryavaran Bhawan. The decision to provide the land to MPCB was formalised and approved last week during Mumbai Metropolitan Region Development Authority's (MMRDA) 159th Authority Meeting chaired by deputy chief minister Eknath Shinde.

As per official details, the C-79 plot in G Block of the central business district was leased by the MMRDA, with a permissible built-up area of 13,602 square metres. This means a Floor Space Index (FSI) of 4 is allowed. MPCB will also be eligible for additional built-up area.

As it is a government-to-government transaction, the allotment was done witho...