The energisation of Mumbai Metro 2B is set to begin on April 8, 2023, marking a significant step towards the completion of this vital urban infrastructure project. This move is expected to enhance the city's transportation network and contribute to sustainable urban development.
Mumbai MetroUrban DevelopmentPublic TransportationInfrastructureSustainabilityReal Estate MumbaiApr 06, 2025
The Mumbai Metro 2B line is a part of the larger Mumbai Metro network, extending from Prabhadevi to Kurla. It is designed to provide efficient and reliable public transportation, reducing traffic congestion and travel times in the city.
The energisation of the Mumbai Metro 2B line is scheduled to begin on April 8, 2023.
The Mumbai Metro Rail Corporation Limited (MMRCL) is managing the Mumbai Metro 2B project. They are responsible for the construction, testing, and commissioning of the metro line.
The expected benefits include reduced traffic congestion, shorter travel times, improved urban planning, and a boost to the local economy through increased business and investment in the areas surrounding the metro stations.
The energisation process involves activating the power supply to the metro system to ensure that all electrical components and systems are functioning correctly. This is followed by rigorous testing to ensure safety and reliability before the line is operational.
CREDAI has submitted its wish list to the Finance Minister, seeking tax sops for homebuyers, incentives for builders, and a revamped approval process to boost the real estate sector.
Australian property listing firm REA Group's $7.32 billion cash-and-stock takeover offer rejected by Britain's largest real estate portal Rightmove
Real estate experts welcome this move, stating it will help in the safe redevelopment of numerous old buildings along the Colaba-Bandra-Seepz stretch.
The real estate sector is witnessing a significant surge, with over 3 lakh homes worth Rs 5.1 lakh crore expected to be sold in 2024. This notable increase indicates a strong economic impact and high consumer confidence in urban real estate, particularly
In a significant move, ITC has acquired a 2.44% stake in EIH and a 0.53% stake in Leela Hospitality, further cementing its presence in the Indian hospitality sector.
Office space supply reduced 9.35 per cent year-on-year in 2024, while the demand increased by 21.9 per cent, highlighting a growing gap between supply and demand in India’s commercial real estate sector.