With 99.5% of the construction at the Aarey depot finished, the Mumbai Metro Rail Corporation Limited (MMRCL) is ready for Metro 3’s Phase 1 operations to begin. The Metro line 3 will operate trains between Aarey and Bandra-Kurla complex in order to supervise and evaluate crucial elements of the commissioning
Before monsoon begins, BMC Storm Water Department staff will inspect and certify all railway channels beneath railroad tracks by 5 June, 2024. The BMC officials would be held accountable if a blocked drain on railway property causes flooding in the vicinity. The authorities of the Railways and the BMC trade
The City and Industrial Development Corporation (CIDCO) started demolishing huge and illegitimate hoardings within its authority, beginning with Belapur railway station complex where at least four billboards were taken off on 22 May, 2024. While the removal of illegal hoardings that endanger the public has been welcomed by people and
Last month, the Mumbai Metropolitan Region Development Authority (MMRDA) began testing a new monorail rake. The trials started last week, evaluating the monorail’s functionality in various scenarios. The main goals are to find and fix any issues, to make sure safety regulations are followed and maximise its functionality. The new
On 21 May, 2024, the State cabinet approved in principle the acquisition of Ghatkopar-Versova Mumbai Metro One owned by Anil Ambani and Mumbai Metropolitan Region Development Authority (MMRDA). Ambani’s stake is estimated around ₹4,000 Crore. Mumbai Metro One was the first metro that was undertaken under the Build-Operate-Transfer (BOT) policy
Real estate analysis is a crucial strategic tool for guiding stakeholders through market changes. A solid grasp of trends is essential to predict movements, prices, and market sentiment. Economic variables such as employment rates and GDP growth significantly influence land development. Government initiatives, including housing programs and regulations, play a
The Mumbai Metropolitan Region Development Authority (MMRDA) is set to introduce a new monorail prototype to its fleet by the monsoon season. This new rake has already arrived in Mumbai and is currently undergoing trial runs. Presently, the 17-kilometer monorail line, that runs from Chembur-Wadala to Sant Gadge Maharaj Chowk
Brihanmumbai Municipal Corporation (BMC) Commissioner and state appointed administrator Bhushan Gagrani, who ceased his tenure of two months this week, said on Tuesday that the visible transformation that Mumbai is noticing owing to its infrastructure development will result in the maximum city’s socio-economic transformation. Bhushan was seen interacting with reporters
With barely any land properties left in the western suburbs of Mumbai, residential apartments are being built through redevelopment of older properties. This is being observed in areas like Borivali, Kandivali, Malad, Khar, Bandra and Santacruz. The developer has to issue the property owners under redevelopment, housing another residence, resulting
Mumbai Suburbs’s Real estate prices may increase by approx 25% in next year due to a hike of Transferable Development Rights (TDR) rates. In the eastern suburb of Mulund, TDR rates have risen from ₹3,500 per square foot 6 months ago, to ₹6,000 per square foot. Likewise, in western suburb
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