Well Supratim, As per the current news, Rs12000 crore sanctioned for 40 km long Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor, Rs.12000 crore for 40 km long Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg, Rs.8100 crore for 27 km long Dahisar East-Andheri East-Bandra East Metro-5 corridor and Rs.3300 crore for 11 km long Jogeshwari-Vikhroli Link Road Metro-6 corridor.
Thanks Mritunjoy,!!!! At present, Mumbai has only a 40 mins distance, single line of metro from Ghatkopar to Versova. But the Development Authority has also accepted 2 new detailed projects, one for the 16.5 km Andheri East to Dahisar East Metro Corridor and the other for 18.6 km Dahisar to D.N. Nagar Metro Corridor.
Right Supratim...... And it is prepared by the Delhi Metro Rail Corporation and has recommended these 2 corridors estimated at Rs. 4737 crore and Rs. 4994 crore respectively for the approval of the state government. The Authority has put forward this matter to the State raising of funds from various financial institutions such as World Bank, Japan International Cooperation Agency and other national and international financial institutions.
Hey Guys!!!! The long waited Metro work-2 has come to an end along with MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.
The second metro line will connect the eastern and western suburbs of Mumbai. Currently, eastern suburbs such as Mankhurd have lower property prices compared to their western counterparts as the infrastructure is not as good as the western suburbs. With the metro line, connectivity between the two ends of Mumbai will greatly improve. As a consequence, property prices in the eastern suburbs can be expected to go up. While prices have already seen a hike in these suburbs due to anticipation of the metro, there will be a further spike in the prices when the actual construction begins.
Construction of this line was supposed to begin in August 2010 and was expected to be completed by mid-2013. However, construction work had not commenced even in December 2012 due to multiple challenges such as high construction costs and unavailability of land. Hence, the state government planned to cancel the second line. However, the challenge of land unavailability has been overcome. Hence, while keeping the plans of the second line still alive, the state government has approved to also extend the line to Dahisar
The state is planning to construct the line completely underground. The estimated cost of the project is approximately Rs. 11,000 crore. The Central government will be funding 20% of the total cost of the project while the rest will be divided between the state government and Reliance Infra.
The second line of Mumbai Metro at this point is planned between Mankhurd and Charkop via localities of Shivaji Chowk, SG Barve Marg, Kurla, Complex Road, Bharat Nagar, Income Tax Office, Bandra, Khar, Arya Samaj Chowk, Nanavati Hospital, Vile Parle, Juhu, JVPD, ESIC Nagar, DN Nagar, Shastri Nagar, Samarth Nagar, Oshiwara, Bangur Nagar, Kasturi Park and Malad. It will be 39 km long and will have 27 stations along the route. The Mumbai Metropolitan Region Development Authority (MMRDA) had selected Reliance Infrastructure to carry out this project.
Mumbai Metro Line II, also called Metro II may be extended beyond Charkop upto Dahisar. The Maharashtra Chief Minister has given an approval for the extension of the Charkop-Bandra-Mankhurd metro line to be extended up to Dahisar
MMRDA has now cleared the RoW for civil works, but there are still hindrances for acquiring land to construct staircases in five locations. If these staircases are not built in time, the project will not get a final NOC from the fire department and without the NOC, the project cannot be commissioned. Absence of clear underground facilities mapping also created more hurdles and impacted project cost. Along with all these hurdles, the falling value of rupee against the dollar also impacted the cost significantly.
The primary reason for the increase in project cost has been numerous delays in acquiring right of way (RoW) by the MMRDA and various other hurdles. MMOPL was given right of way on only 45% of land when the work began while it was supposed to be given RoW of 59% with land free of encumbrances. Land for the metro car shed was given after six months of beginning the work.
When the project was first awarded, the base fare would be between Rs. 9 – Rs. 13 for different distance slabs with a provision of increasing the fare by 11% every four years. Now, MMOPL has proposed the base far to be between Rs. 22 – Rs. 33 citing cost escalation. MMOPL claimed that as per the concession agreement, it could approach the government for an upward revision of the fare prices beyond the one permitted in the notification if there is any unanticipated increase in the project operating cost.
The consortium also said that this wasn't a recent development though this became a a big issue only now. It had first raised the issue with MMRDA in February 2012 about the increase in project cost by Rs. 1,900 crore from the estimated Rs. 2,350 crore. However, the government did not intervene properly to resolve this issue until recently. The consortium again wrote to the present Maharashtra chief minister in April and Chief Secretary in July requesting their intervention.
One of the key reasons for this is the hike in project cost by more than 80% due to inordinate delays. Consequentially, Mumbai Metro One Pvt Ltd (MMOPL), a consortium of Reliance Infrastructure that is building this project has proposed a hike in fare to commence and sustain operations. However, the Maharashtra government is reluctant to hike the fare prices though it is keen to roll out the project as soon as possible.
Yes 
after seven years of laying the foundation for Mumbai's first alternate transport service in 2006, the Mumbai metro still seems to be stuck in endless delays. The 11.05 km line connecting the eastern and the western suburbs was supposed to become operational in December this year. However now, there are uncertainties looming around its date of commencement.
The first phase of Mumbai metro is to have three lines and the first line between Versova and Ghatkopar was initially supposed to become operational in October 2013, but then got pushed to December 2013. However, the date of commencement of its operations seems to be further getting delayed now.