Mumbai
The people of Mumbai may have to wait for the next 8 years for the next Metro line. On Wednesday, the state government made plans to build the Metro route from Charkop to Mankhund via Bandra underground. It has been extended to Charkop end to Dahisar. In case the new plan firms up, the current [...] Continue Reading »
A techno-economic feasibility study will be organized to study the changes of the second Metro line project by the PSU engineering consultancy on the orders of the Maharashtra Government. According to the Chief Minister of Maharashtra, a new report with details is currently being prepared for the Dahisar-Charkop-Bandra-Mankhurd. He said this while replying to an [...] Continue Reading »
Maharashtra’s Mumbai finally decides to put efforts and increase its residential footprints. Out of the details given by Crisil Research, Ghatkopar micromarket consists of important areas including Ghatkopar, Chembur, Kurla and Vidyavihar. The micromarket is to be responsible for around 3% of the entire supply of homes in the city of Mumbai. Out of this, [...] Continue Reading »
The reported decision by the Maharashtra government to shut down 44 toll gates in the state has apparently triggered the sale of the shares of IRB Infrastructure Developers Ltd.; with the company’s stock having already witnessed a 9 percent plunge in the last three trading sessions. The decision by the government to close the toll [...] Continue Reading »
According to unidentified sources, the concession agreement for the Mumbai Metro II – the 32-km-long underground Metro rail link between Charkop and Mankhurd via Bandra – will likely be scrapped by the Mumbai Metropolitan Region Development Authority (MMRDA) and Reliance Infrastructure. It has been reported that the apparent termination of the concession deal for the [...] Continue Reading »
The submission of the request for qualification (RFQ) by the prospective bidders for the Navi Mumbai international airport project has been extended by one month by the project’s nodal agency, City and Industrial Development Corporation (Cidco). In a recent announcement, Cidco has revealed that the deadline for the submission of the RFQ released on February 5 has [...] Continue Reading »
On the 9th of June at the city of Mumbai, the Maharashtra government in order to move one of the important and significant movements of the Assembly poles has recently come a conclusion that it will to shut down 44 tolls out of 166 toll plazas in the whole state of Maharashtra. This piece of [...] Continue Reading »
There is a disconnect between the Mumbai Metro project and the Maharashtra government and Reliance Infrastructure regarding the fares and it is unlikely to be resolved soon. The Mumbai Metropolitan Region Development Authority (MMRDA) has promised to assess the costs incurred by Reliance Infrastructure due to inflation and other factors. The operating costs have risen [...] Continue Reading »
Property owners in the Western suburbs of Mumbai are reportedly quoting high values for their properties in resale market because of an increasing demand for housing in the area. The increase in demand for housing in Western suburbs is apparently an upshot of the fact that the area boasts good connectivity as well as proximity [...] Continue Reading »
When India’s capital was given the Delhi Metro, it completely changed into the fast-paced city that you see today. India’s financial capital is gearing up for a similar change with the forthcoming Versova Andheri-Ghatkopar (VAG) corridor commissioning of the Mumbai Metro. The PPP initiative from a major French transportation company, Veolia, and Reliance Infra is [...] Continue Reading »
