India, June 28 -- The Maharashtra Coastal Zone Management Authority (MCZMA) has cleared a key procedural hurdle for a waterfront redevelopment project at Cuffe Parade, recommending Coastal Regulation Zone (CRZ) clearance for a luxury marina complex that promises an Inland Water Transport Terminal, a marina, yacht club, helipad, seaplane facilities, luxury serviced apartments and an offshore seven-star floating hotel.

The proposal, submitted by Rashmi Developments Private Limited and approved at the MCZMA meeting held on June 16, will now require statutory environmental and CRZ approvals before any construction can begin.

According to the proposal placed before the MCZMA, the project seeks to address Mumbai's mounting urban mobility chal...