Raymond’s Ten X Realty Signs JDA For Residential Project In Wadala
Ten X Realty West Limited, a division of Raymond Limited, has signed a Joint Development Agreement (JDA) for a major residential project in Wadala, Mumbai. The company’s sixth significant collaborative development project outside of its current Thane projects, with an estimated Gross Development Value (GDV) of around Rs 5,000 crore, strengthens its strategic expansion within […]
Maharashtra allows the usage of 256 acres of Salt Pans to rehouse Dharavi Residents
On Monday, the Maharashtra government approved the lease acquisition of 255.9 acres of ecologically hazardous salt-pan property from the Centre to house individuals who were disqualified for dwellings under the Adani Group-led Dharavi Redevelopment Project. The Centre approved the transfer on September 2 after the Maharashtra government sought that three salt-pan land parcels in Kanjurmarg, […]
Mumbai Monorail: A ten-year project that never really took off
The Mumbai monorail, which opened more than ten years ago, has managed to maintain its reputation as an unimpressive experiment. Due to its frequent delays, malfunctions, and minimal use, people tended to disregard it as more of a “joyride” than a reliable form of transit. The 2014 launch of the 20-kilometer-long monorail project across eastern […]
Wadala’s Korba Mithagar slums will be redeveloped by MSRDC
The state government has given the Maharashtra State Road Development Corporation (MSRDC) the job of redeveloping the Korba Mithagar slums at Wadala after initiating the redevelopment of Ramabai Colony in Ghatkopar under the Mumbai Metropolitan Region Development Authority (MMRDA). The MSRDC released a call for bids on Monday in order to select consultants for the […]
Aditya Thackeray objects to the transfer of Salt Pan Land for the reconstruction of Dharavi
The chief of the Shiv Sena (UBT), Aaditya Thackeray, has criticized the union government for authorizing the transfer of 256 acres of Mumbai salt pan land to the Maharashtra government for the Dharavi Redevelopment Project (DRP). Inquiring about the government’s intentions, Thackeray pointed out the sharp discrepancy between its recent denials and its present deeds. […]
Monorail Sees 30% Surge in Ridership as 21,000 Passengers Travel on Monday
On Monday, heavy rains disrupted local train services between Wadala and Mankhurd, causing passengers to turn to the monorail, which has historically operated at a loss. The monorail, servicing routes to Chembur, Wadala, Dadar, Lower Parel, Lalbaug, and Mahalakshmi, experienced a notable 30% increase in ridership. Typically, 16,000 to 17,000 passengers use the monorail daily, […]
Impact of the Mumbai Trans-Harbour Link on the City’s Real Estate Market
The enormous infrastructure project known as the Mumbai Trans-Harbour Link (MTHL) is expected to have a profound impact on Mumbai’s real estate market. The proposed link between Sewri in Mumbai and Nhava Sheva in Navi Mumbai is expected to improve connectivity and accessibility, which would change the dynamics of real estate in the surrounding area. […]
A ₹500 crore monorail tender that solely attracted Chinese bids is canceled by MMRDA
Due to the fact that both of the proposals it received were from Chinese manufacturers, Mumbai’s Transport and Infrastructure Development Authority has canceled the bidding process for the design, manufacturing, delivery, testing, and commissioning of ten monorail rakes. The contract, which is for the procurement of ten rakes for the Jacob Circle-Wadala-Chembur monorail line, is […]
21 more acres were granted to the Dharavi revitalization project
The Kurla dairy’s 21-acre site has been approved for transfer to the Dharavi Redevelopment Project and the Slum Rehabilitation Authority by the Maharashtra government’s dairy development department. Slum dwellers who were not eligible for free housing via the Dharavi project, a joint venture between the Maharashtra government and the Adani Group, can be rehabilitated using […]
Proposal For Metro 4 & 4A Car Depot In A Week
A proposal to secure land for a car depot at Mogharpada in Thane for the crucial Metro Lines 4 and 4A, linking Central Mumbai with Thane, is set to be presented to the Cabinet within a week. This is a significant update as Mumbai Metro 4 (Wadala – Ghatkopar – Thane – Kasarvadavali) and 4A […]