India, Oct. 29 -- With work on the high speed rail (HSR) or bullet train corridor between Mumbai and Ahmedabad picking up pace, efforts are underway to develop a central business district over 1,300 acres around Dativali, the bullet train station in Thane.

"The union government does not want isolated development. So we are working on a local area plan for development of the area around the Thane bullet train station," Thane Municipal Corporation (TMC) commissioner Saurabh Rao told Hindustan Times. "The new business district we are planning will be more advanced than the Bandra Kurla Complex (BKC)."

On Tuesday, the TMC issued the first notice under Maharashtra Regional and Town Planning Act, 1966, for development of the area around the T...