Mumbai Metro 3 to Get a Boost: First Phase to be Completed by December 2024
Maharashtra government, Bandra Kurla Complex, SEEPZ, Eknath Shinde, Mumbai Metro 3
Mumbai Metro 3Maharashtra GovernmentBandra Kurla ComplexSeepzEknath ShindeReal Estate MaharashtraJun 27, 2024
In a cabinet meeting presided over by Chief Minister Eknath Shinde, the government approved the allocation of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, bypassing the Mumbai Metropolitan Region Development Authority (MMRDA). This move is expected to speed up the completion of the project.
The Mumbai Metro 3 project, also known as the Aqua Line, is a rapid transit metro line in Mumbai, Maharashtra. The project's revised cost is pegged at Rs 37,275.50 crore.
The Maharashtra government's decision to complete the project by December 2024 is a welcome move, as it will provide a much-needed boost to the city's transportation infrastructure. The project's completion will not only reduce travel time for commuters but also ease congestion on the city's roads.
Information
The Mumbai Metro Rail Corporation is a joint venture between the Government of India and the Government of Maharashtra. The corporation is responsible for the implementation of the Mumbai Metro project. The Mumbai Metropolitan Region Development Authority (MMRDA) is a statutory body responsible for the planning and development of the Mumbai Metropolitan Region.
The Government of Maharashtra is the state government of Maharashtra, a state located in the western region of India. The government is headed by the Chief Minister, who is responsible for the overall development of the state. Eknath Shinde is the current Chief Minister of Maharashtra.
SEEPZ (Santacruz Electronics Export Processing Zone) is a special economic zone located in Santacruz, Mumbai. The zone is a major hub for electronics manufacturing and exports.
Bandra Kurla Complex is a business district located in Bandra, Mumbai. The complex is home to several major corporations and financial institutions.
Frequently Asked Questions
What is the revised deadline for the completion of the Mumbai Metro 3 project?
The revised deadline for the completion of the Mumbai Metro 3 project is December 2024.
What is the route of the Mumbai Metro 3 project?
The Mumbai Metro 3 project will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex.
What is the revised cost of the Mumbai Metro 3 project?
The revised cost of the Mumbai Metro 3 project is Rs 37,275.50 crore.
Who is the Chief Minister of Maharashtra?
Eknath Shinde is the current Chief Minister of Maharashtra.
What is the purpose of the Mumbai Metro 3 project?
The purpose of the Mumbai Metro 3 project is to provide a rapid transit system for the city of Mumbai, reducing travel time and congestion on the city's roads.
Related News Articles
Real Estate Sector: A Journey of Horror Stories and Future Prospects
Former MahaRERA chief Ajoy Mehta highlights the numerous horror stories in the real estate sector and the shift towards rental housing in his book 'RERA - A Perspective'.
9 Key Trends Shaping Festive Season Sales in Indian E-Commerce
e-commerce, festive sales, online shopping, consumer behavior, digital payments
Maharashtra's Fiscal Challenges and Economic Ambitions
Mumbai's real estate is more valuable than gold, and the state's Jawaharlal Nehru Port is India's busiest container port. Despite these economic strengths, Maharashtra's government faces significant fiscal challenges.
Adani Group to Invest Rs 36,000 Crore in Motilal Nagar Redevelopment Project
The Adani Group's real estate unit has emerged as the top bidder for the Motilal Nagar Development Project, set to invest Rs 36,000 crore. This ambitious project, backed by the Maharashtra Housing and Area Development Authority (MHADA), aims to transform
Raymond Partners to Develop ₹5000 Crore Housing Project in Mumbai’s Wadala
Raymond, a leading Indian conglomerate, has signed a joint agreement to develop a massive ₹5000 crore housing project in Wadala, Mumbai. The project aims to address the city's growing demand for residential properties, especially in the affordable and mid-segment markets.
Navigating the New RR Rate Hike in Maharashtra: Why Ongoing Projects and Women Ownership Matter
The recent RR rate hike in Maharashtra has significant implications for the real estate market. Discover how ongoing projects and women ownership can offer advantages in this changing landscape.