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

Mumbai Metro 3 to Get a Boost: First Phase to be Completed by December 2024
Real Estate Maharashtra:In a significant move, the Maharashtra government has announced that the first phase of the Mumbai Metro 3 project will be completed by December 2024. The project, which will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex, has achieved 98% completion and is expected to be finished within the revised deadline.

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

India's Top 26 Real Estate Firms Report Rs 35,000 Crore Property Sales in Q2
Real Estate Mumbai

India's Top 26 Real Estate Firms Report Rs 35,000 Crore Property Sales in Q2

Mumbai-based Macrotech Developers Ltd, known for the Lodha brand, reported sales bookings of Rs 4,290 crore during the second quarter, contributing to the overall strong performance of India's real estate sector.

November 24, 2024
Read Article
Luxury Home Market Thrives: Real Estate Firms See Surge in High-End Properties
Real Estate Mumbai

Luxury Home Market Thrives: Real Estate Firms See Surge in High-End Properties

luxury homes, real estate, industry, Mumbai, Gurgaon

January 3, 2025
Read Article
Mumbai Real Estate: Akshay Kumar Sells Apartment in Oberoi Sky City for Crores
real estate news

Mumbai Real Estate: Akshay Kumar Sells Apartment in Oberoi Sky City for Crores

Oberoi Sky City has seen a surge in market activity, with 208 property transactions totaling Rs 818 crore between March 2024 and February 2025. Bollywood actor Akshay Kumar has added to this trend by selling his apartment in the prestigious complex.

March 10, 2025
Read Article
Housing Sales Plunge 28% in Top 7 Indian Cities Amid Rising Prices
Real Estate Mumbai

Housing Sales Plunge 28% in Top 7 Indian Cities Amid Rising Prices

A recent report from a leading real estate consultancy reveals a significant dip in housing sales across the top seven Indian cities, including Mumbai, Bengaluru, Pune, and the National Capital Region (NCR). Despite the decline in sales, property prices h

March 27, 2025
Read Article
Adani, Vedanta, Patanjali in Race to Acquire Jaiprakash Associates' Real Estate Assets
real estate news

Adani, Vedanta, Patanjali in Race to Acquire Jaiprakash Associates' Real Estate Assets

Adani Group, Vedanta, and Patanjali are among 26 bidders vying for the acquisition of Jaiprakash Associates' (JAL) major real estate projects, including Jaypee Greens in Greater Noida. This move signifies a significant shift in the real estate market, with established players looking to expand their portfolios through strategic acquisitions.

April 6, 2025
Read Article
Swiggy's Mixed Q4 Results and the Rising Trends in the Drone Industry
Real Estate

Swiggy's Mixed Q4 Results and the Rising Trends in the Drone Industry

Swiggy reports mixed Q4 results, while the drone industry, led by Ideaforge, shows promising growth. Hotel and real estate shares also see significant fluctuations.

May 12, 2025
Read Article