Real estate developers in Mumbai propose to join hands to construct 5 lakh affordable houses for middle and lower income groups in partnership with the Maharashtra government in the next five years in the fast-growing Mumbai Metropolitan Region.
Lodha Developers has emerged as a new realty giant in India.
Maharashtra chief minister Vilas Rao Deshmukh announced on Thursday sanctiong of Rs 2,356 crore for the first corridor of Varsova-Andheri-Ghatkopar rail project jointly to Anil Ambani group company Reliance Energy and MMRDA.
The MMRDA ground in suburban Bandra-Kurla Complex in Mumbai awaits the arrival of Anna Hazare, who is expected to reach here on December 26 for his three-day protest fast against government's "weak" Lokpal Bill.
The Maharashtra government is considering the option of allowing private players in the municipal transport sector in the Mumbai Metropolitan Region (MMR), spread over 4,000 sq km with a population of 16 million living in seven municipal corporations and 15 municipal councils.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
The Mumbai Metropolitan Region Development Authority is exploring the possibility of constructing metro rail routes along the Western and Eastern Express highways to further ease traffic congestion in the metropolis.
The Ambani brothers are once again going to clash over Mumbai's infrastructure as the Mumbai Metropolitan Regional Development Authority has decided to call financial bids for the Rs 12,000-crore (Rs 120 billion) second corridor of Mumbai Metro connecting Charkop to Mankhurd via Bandra from short-listed consortiums.
Team Anna has been granted permission by the Mumbai Metropolitan Region Development Authority to use its ground in Bandra-Kurla complex from December 27.
A day after the contract for civil work on the first line of Mumbai Metro was awarded, a senior government official said on Wednesday that work on the second line of the project is likely to begin by June.
The Rs 2,460-crore project, an initiative of the Mumbai Metropolitan Regional Development Authority, is a modern urban transport where cars move on a single beam in an elevated corridor.
The Mumbai Metropolitan Region Development Authority, which is implementing the project, said that it was in talks with the World Bank for funding the project.
Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024.
The Maharashtra government has agreed to raise basic taxi fares in Mumbai by Rs 2 from the existing Rs 14.
With just three days left for Anna Hazare's fast to commence, members of India Against Corruption are running from pillar to post to secure requisite clearances, reports Toral Varia Deshpande
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
Jet Airways had purchased a 2.5-acre plot from the Mumbai Metropolitan Region Development Authority in March 2008 for Rs 826 crore (Rs 8.26 billion) for developing its global headquarters. However, the airline did not go ahead with the plans and started negotiations to sell off the land.
None of the seven consortiums shortlisted for the Maharashtra government's flagship project, the Rs 6,200-crore second phase of the Mumbai Metro, participated in the financial bids that closed on Friday. "The reason for asking more time could be the prevailing economic slowdown. They sought at least one more month to submit the bids," a Mumbai Metropolitan Region Development Authority official said.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
There is no proposal at present to put any restrictions on suburban train travel in Mumbai, a senior civic official has said amid the metropolis recording a surge in new coronavirus cases.
Maharashtra Chief Minister Eknath Shinde on Sunday said the state assembly polls are expected to be held in the second week of November and seat-sharing among the ruling allies would be finalised in the next 8 to 10 days.
A consortium of six banks led by IDBI will finance the project to the tune of Rs 1,194 crore (Rs 11.94 billion), Rs 512 crore (Rs 5.12 billion) will be raised through equity while Rs 650 crore (Rs 6.5 billion) will come from the MMRDA as capital subsidy. The closure is unique in many ways as nearly Rs 200 crore (Rs 2 billion) have been spent on the project before the financial closure.
There was some respite for Mumbaikars when the strike was called off in the evening. However, the prospect of soon having to shell out more for their journey left them anguished.
Maharashtra is exploring the option to develop a mass-rapid transit system in the regions to improve transport system.
The ongoing survey for the Dharavi Redevelopment Project has surpassed the scope of the 2007-08 survey, with over 63,000 tenements already mapped. The survey, which includes ground floor and upper floor structures, aims to provide housing for all residents of Dharavi, including those in existing SRA buildings and on RLDA Land. The project, undertaken by Navbharat Mega Developers Private Limited (NMDPL), aims to construct nearly 1.5 lakh tenements to accommodate the growing population of Dharavi.
The Maharashtra government has drawn up an ambitious $60 billion (Rs 2.25 lakh crore) action plan for makeover of Mumbai, aimed to convert India's commercial capital into a global financial hub.Mumbai makeover plan is aimed at creating world-class infrastructure and to set up an integrated urban transport system using existing suburban rail, ambitious metro rail system, hovercraft, sealink and road connectivity
MMRDA official said that it was already in talks with the World Bank to get funding for the MTHL project.
Heavy rains in Maharashtra have caused floods, road blockages, and widespread damage, resulting in casualties and displacement. The state government is monitoring the situation and coordinating rescue efforts.
The recent increase in the prices of CNG has prompted auto and taxi drivers to demand demand hike in fares.
Three months after its record-breaking land deals, the Mumbai Metropolitan Region Development Authority is going in for another mega auction
The Army unit deployed in Ashti successfully evacuated 40 people with the help of an NDRF team and other agencies.
MGL said in spite of gas cost doubling, its selling prices have increased by only 28 per cent for CNG and 30 per cent for PNG.
One person was killed and one injured seriously when a rotary piling machine, working on the metro rail project site of the Mumbai Metropolitan Region Development Authority, toppled over on an auto-rickshaw on Wednesday morning, crushing the passenger to death and grievously injuring the driver
The society member recalled that Aaftab spoke normally during his visit.
The Maharashtra government on Tuesday withdrew its lockdown relaxation norms for Mumbai and Pune regions, both coronavirus hotspots, and revised its last week's guidelines prohibiting door-to-door delivery of newspapers and magazines in the state.
Worli and Mahalaxmi in Mumbai Metropolitan Region are placed at second and third positions with average housing prices of Rs 41,500 and Rs 40,000 per sq ft, respectively.
'Maharashtrians are facing a dual battle -- numerical battle with North Indians and financial battle with Gujaratis and Marwaris.' 'This has created anxiety about survival and ownership over Mumbai and Maharashtra.'
There is a need to have a 'CEO for Mumbai' in order to realise the ambition of making it a global financial centre.
'I don't know whether the top Gujarati leaders of Indian politics (Prime Minister Narendra Modi and Union Home Minister Amit Shah) in Delhi realise that the narrative of HindiHinduHindustan will eventually destroy their own language too.'
