Mumbai Metropolitan Region Development Authority
A source says that RDSO is likely to issue ‘speed certificate’ to Mumbai Metro. The RDSO concluded that this will provide the path for the operator Reliance Infra obtaining safety certificate. A source added that the process of issuing the certificate for the Mumbai Metro is almost completed. The trial report is nearly ready and [...] Continue Reading »
The state will now extend guarantee to the finances for the project, as the cabinet guide the way. 57% loan of the total project cost will be extended by Japanese International Cooperation Agency. A joint body of Central as well as state government has been formed, as special purpose vehicle (SPV), to take the Rs [...] Continue Reading »
Finally, the metro plan of Navi Mumbai sees the light of the day! City and Industrial Development Corporation (Cidco) is likely to start the bidding process soon for the project. The awarding of bids would include for rolling stock and systems for Navi Mumbai’s first metro rail corridor – Belapur–Kharghar–Taloja–Pendhar. A meeting was held recently [...] Continue Reading »
Maharashtra Chief Minister has claimed that there will be a new funding model for all the proposed metro projects in the state. The CM announced it recently in the Legislative Council after the central government turned down the proposal of relaxing the norms used for providing the funds for metro projects. The projects were supposed [...] Continue Reading »
Godrej Properties, one of the renowned names in Mumbai real estate, has jointly ventured in a project in Undri, Pune. The group is planning to develop a 1.5 million sq. ft residential project in Pune. On April 1, 2013, the company entered into a new joint venture project in Undri, Pune. The project site spreads over 31 acres [...] Continue Reading »
The Maharashtra Government has decided to give the developers in Mumbai an opportunity to use 100 percent of basement area in an upcoming building for parking facility. This initiative has been taken by the state in an attempt to avoid the parking woes caused by the occupancy of roadside spaces by cars. Currently, only 50 [...] Continue Reading »
The proposed Charkop-Bandra-Mankhurd metro line (CBM) is not yet sanctioned and not to be executed soon. However, the residents feel that it is unfair for the Mumbai Metropolitan Region Development Authority (MMRDA) to give unnecessary reasons of starting the project and making it an elevated corridor. The residents in the western suburbs of Mumbai are [...] Continue Reading »
The opening of the Versova-Andheri-Ghatkopar metro to the public will delay even though the construction of the line is nearing completion. It passed the seventh deadline without opening on time. Now, the deadline has been set to August 2013. However, Mumbai Metropolitan Region Development Authority (MMRDA) officials said the line will be open to the [...] Continue Reading »
Godrej Properties, one of the renowned names in Mumbai real estate, has launched its commercial project in Bandra Kurla Complex (BKC) recently. The project spread over 1.3 million square feet is expected to garner around Rs 3,500-Rs 4,000 crore. The project called Godrej BKC is being developed under a joint development pact with Jet Airways. [...] Continue Reading »
The first metro in Mumbai by the Mumbai Metro One Private Limited (MMOPL) will have charged overhead wires. The corporation is planning to charge the wires from Versova metro station to Marol metro station of the Versova-Andheri-Ghatkopar (VAG) metro corridor. The wires will have voltage of 25000 Volts, AC which will be induced in March. Two power substations [...] Continue Reading »
