The much-anticipated Kasarwadavli-Gaimukh Metro 4A project has faced a significant delay, pushing its completion date to April 2025. This delay has caused a cost escalation of Rs 630 million, raising the project's total cost from Rs 4.4 billion to Rs 5.03
Mumbai MetroKasarwadavligaimukhInfrastructureDelayCost EscalationReal Estate MumbaiJan 20, 2025
The Kasarwadavli-Gaimukh Metro 4A project is now expected to be completed by April 2025.
The delay is primarily due to challenges in land acquisition and obtaining necessary regulatory clearances, exacerbated by the COVID-19 pandemic.
The total cost of the project has increased from Rs 4.4 billion to Rs 5.03 billion, a cost escalation of Rs 630 million.
The completion of the project will provide a much-needed relief to the city's overburdened transport system, reducing travel time and easing traffic congestion.
The MMRDA is responsible for the development and management of the Mumbai Metro, including the Kasarwadavli-Gaimukh Metro 4A project, to improve the quality of life for the city's residents.
Ashwin Sheth Group introduces 'The Orange Circle', a groundbreaking loyalty program designed to redefine customer engagement in the real estate industry.
CNBC-AWAAZ and RR Kabel host 14th edition of Real Estate Awards, honoring outstanding projects and leaders in the industry.
Real Estate stocks were trading positively, with the BSE Realty index rising by 66.46 points or 0.81% to 8288.1 at 09:44 IST.
According to CBRE, sales of homes priced at Rs 4 crore and above have surged by 38% in the top seven cities in India during the first three quarters of 2024. This trend is attributed to the growing demand for premium and luxury properties, driven by risin
MHADA's affordable homes are located in Thane city and districts including Kalyan, Titwala, Palghar, Raigad, Ratnagiri, and Sindhudurg and include a range of amenities and features to cater to the needs of different families.
India's growing prominence in the global real estate market reflects its resilience and evolving investor confidence, positioning cities like Mumbai and New Delhi among the top 10 in the Asia-Pacific region for cross-border investment, according to the CB