Mumbai Metro 3 Phase 1 Set to Open by September End, Says CM Eknath Shinde
Chief Minister Eknath Shinde announces the anticipated September launch of Metro 3, connecting Bandra Kurla Complex with Aarey, and shares plans to unveil major infrastructure projects before the assembly elections.
Mumbai MetroEknath ShindeAffordable HousingSlum RehabilitationInfrastructure DevelopmentReal Estate MumbaiSep 19, 2024
He also committed to reducing Mumbai's slum population by building three million affordable homes, with MMRDA, CIDCO, and MHADA spearheading the effort alongside private developers. Shinde highlighted the role of increased housing supply in potentially lowering real estate prices and shared plans to unveil major infrastructure projects before the assembly elections, which are projected to occur in two phases in November.
The Chief Minister revealed that the state government has enlisted agencies such as the Mumbai Metropolitan Region Development Authority (MMRDA), the City and Industrial Development Corporation (CIDCO), and the Maharashtra Housing and Area Development Authority (MHADA) to address long-standing slum rehabilitation projects. These agencies are expected to collaborate with private developers for the construction work.
Referencing the NITI Aayog's goal of building three million affordable houses in the Mumbai Metropolitan Region, Chief Minister Shinde expressed his commitment to making Mumbai slum-free. He recalled that Shiv Sena founder Balasaheb Thackeray had envisioned constructing four million houses to eliminate slums in Mumbai, and stated that efforts are underway to fulfill this vision.
In the initial phase, Shinde reported that two lakh affordable houses are being constructed, with private builders receiving incentives such as a reduction in the premium from 15% to 5%. He also mentioned that the state government plans to inaugurate several infrastructure projects before the upcoming assembly elections.
In conclusion, Chief Minister Eknath Shinde's announcements reflect a broad and determined agenda aimed at transforming Mumbai's infrastructure and housing landscape. With the Metro 3 project set to enhance connectivity and extensive plans for affordable housing, Shinde's initiatives signal a proactive approach to urban development and slum abolition.
Frequently Asked Questions
When is the first phase of Metro 3 expected to open?
The first phase of Metro 3 is expected to open by the end of September.
What is the goal of the state government's slum rehabilitation project?
The goal is to build three million affordable houses in the Mumbai Metropolitan Region and make Mumbai slum-free.
Which agencies are involved in the slum rehabilitation project?
The Mumbai Metropolitan Region Development Authority (MMRDA), the City and Industrial Development Corporation (CIDCO), and the Maharashtra Housing and Area Development Authority (MHADA) are involved in the project.
What incentives are being offered to private builders for affordable housing projects?
Private builders are receiving incentives such as a reduction in the premium from 15% to 5%.
When are the assembly elections expected to take place?
The assembly elections are projected to occur in two phases in November.
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