Real estate experts welcome this move, stating it will help in the safe redevelopment of numerous old buildings along the Colaba-Bandra-Seepz stretch.
MumbaiMmrclMetro 3NocConstructionReal EstateOct 07, 2024
The purpose of obtaining an NOC is to ensure that any construction work does not adversely impact the metro tunnels and structures, thereby maintaining public safety and the integrity of the metro infrastructure.
Developers must obtain an NOC for any construction work within 100 metres of the two metro tunnels along the Colaba-Bandra-Seepz stretch of the Metro 3 corridor.
MMRCL has issued more than 200 NOCs to date for construction projects along the Metro 3 corridor.
Those who have obtained NOCs must comply with operational safety standards to reduce risks and hazards associated with construction activities, and implement special safety measures to prevent any mishaps outside their construction sites.
The first phase of the Metro 3 corridor, connecting Aarey and Bandra Kurla Complex, is a significant step in enhancing public transportation in Mumbai and is set to open to the public at 11am on Monday.
Residential sales across top seven cities slipped 8% quarter-on-quarter in Q1-FY25, but analysts suggest long-term prospects remain strong
Private equity investments in Indian real estate surge 15% to $3 billion in H1 2024, led by Mumbai, Bengaluru, and Hyderabad.
HYDRAA commissioner A.V. Ranganath announced that an ordinance for the agency would be formulated soon, making it a powerful entity in disaster management and assets protection.
Mumbai-based Suraksha Group has taken control of Jaypee Infratech Ltd (JIL) and appointed Devang Pravin Patel as its new Chief Financial Officer (CFO). The company will also delist its shares from stock exchanges.
Real Estate, office spaces, Commercial Real Estate
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