Hey Kishore and Shaina, Don't forget that the authority has also approved the development of Kalyan Growth Centre and the estimated expenditure of Rs 1089 crore for the same. This growth centre will be well connected by road and rail routes and will create job opportunities outside Mumbai and contribute to balanced development of the metropolitan region what with the MMRDA taking up infrastructural development sooner than later.
Right Bikram, It is also came to know that the metropolitan region has also received signal from the authority to the road development work estimated at Rs 60.61 crore in areas such as Palghar, Kalyan, Ambarnath, Karjat and Kulgaon-Badlapur.
You are right Vinu, The Authority also approved the submission of draft regional plan to the Metropolitan Planning Committee. The draft contains proposals related to population, employment, land use, housing, transportation and environment.
Hello Sir, The 1.3 km elevated road running from MTNL junction to LBS Flyover and the 3.45-km elevated road from Kurla to Vakola near Western Express Highway will estimated around Rs 480.63 crore. And another 1.9-km elevated road from Bharat Diamond Bourse in "G" Block to Vakola junction near Western Express Highway will be estimated around Rs 263.09 crore.
Not only this, the Authority further gave boost to the Bandra-Kurla Complex by splitting 20 Hectares of plot in "G Text" Block for an International Finance Service Centre and approving Rs 95.57 crore expenditure in order to afford smart status to the complex by making it wi-fi able and providing smart parking, integrated building monitoring system, command and control centre, energy efficient street lights, bus service etc.
HI folks!!! Good news.....The Authority given administrative approval to the estimated expenditure of Rs 743.73 crore for the construction of 3 elevated roads to clear traffic chaos at Bandra-Kurla Complex and Santacruz-Chembur junctions.
Which Road projects are you talking about? If i am not wrong, one that road running from MTNL junction to LBS Flyover and another that Kurla (Kapadia Nagar) to Vakola near Western Express Highway?
Right Vinu, Similarly another 1.9 km elevated road from Bharat Diamond Bourse in "G" Block to Vakola junction near Western Express Highway will help decongest BKC junction as the motorists will be able to reach Vakola straight from the "G" Block in the Bandra-Kurla Complex avoiding BKC junction.
Hi folks, Mumbai's Eastern Freeway built to reduce travel time between South Mumbai and the Eastern suburbs. Once the Eastern Freeway complete will connect P D'Mello Road to the Eastern Express Highway at Ghatkopar. Currently, a 13.59 km stretch from Orange Gate on P D'Mello Road (South Mumbai) to Panjarpol, Chembur is open. It is built by Mumbai Metropolitan Region Development Authority (MMRDA) at a cost of Rs 1250 crore (Rs 12.50 billion), it covers a distance of 16.8 km.
We have seen the affects of India's first double-decker flyover, Santacruz-Chembur Link Road (SCLR), undertaken under the Mumbai Urban Transport Project (MUTP) of MMRDA, has provided much-needed East-West connectivity in Mumbai. Starting from Vakola Junction on Western Express Highway (WEH) and extending up to Amar Mahal Junction near the Eastern Express Highway (EEH), the 6.45 km 6-lane road was thrown open to commuters last year.
The Rs 400- crore project offers consolidated and signal-free connectivity from Western Express Highway to Chhatrapati Shivaji International Airport (CSIA). The 2.2 km long road has made easy motorists to pass the distance of 4-5 km from the highway to CSIA in 5 mins instead of the 40-45 mins. The road has also relieved traffic jam on Western Express Highway, more importantly at the Andheri-Kurla road junction.
Another project which is going to change the connectivity in MMR is the proposed multi-modal Virar-Alibaug corridor and will incorporate metro lines, lane for vehicular traffic, dedicated bus lanes, cycling track and pedestrian walkways.
Right Joydeep, Similarly the proposed Mumbai Trans Harbour Link will provide connectivity to Mumbai with Navi Mumbai. Experts feel that to come out as a truly world-class city, Mumbai will have to rise to the challenge of increasing its infrastructure development with speed up implementation of these policies within a clear time line.
Good Morning everybody, According to me 5 infrastructure projects that will transform realty in MMR are The Versova-Andheri-Ghatkopar metro rail, Eastern Freeway, Mono rail, Santacruz-Chembur Link Road and Sahar Elevated Access Road that will change the way Mumbai keeps and pushed the real estate development in neighboring areas.
Right Kaushik and my big yes to you.
The Mumbai Metro Rail Corporation's (MMRC) 11 km Phase I, connecting Versova in the Western Suburbs to Ghatkopar in the Eastern Suburbs, passes through one of the most important commercial and residential hubs of Mumbai. It increased the city’s East-West connectivity bringing down travel time by almost 75%.
Implementation of Phase II and III by 2021 will connect Charkop in the North to Mankhurd in the East and Colaba in the South to Seepz in North Central Mumbai will washed out the traffic congestion in Mumbai.
@Govinda,
Similarly, The Eastern Freeway is a signal-free stretch of land and has cut down travel time between Shivaji Chowk in Chembur and Mumbai CST by 25-30 minutes.
Due to the reduced commuting time to South Mumbai, demand for commercial and residential properties went up, and housing prices in locations such as Chembur and Ghatkopar increased by approximately 28-30 % over the last 2 yrs.
@Kaushik, The planned roll out of Phase-2 of Monorail will help in improving connectivity of Harbour regions of Mumbai with Lower Parel, the other emerging CBD of Mumbai. This phase, which should become operational in 2016, will provide very effective connectivity between Wadala and Lower Parel, Jacob Circle and Mahalaxmi and will play a major role in price appreciation.
But the government has handled the coal allotment issue very well. Similarly, the mining industrys problem should also be resolved. The focus should be on infrastructure, which requires long-term funding. And the whole concentration should be on this. Once that is done, it would have a multiplier effect and the whole industrial climate will change for the better.
Hi everybody,, The infrastructure and power sectors, often mentioned to as benchmarks of economic progress, effectively crawled in the last 5 yrs with projects worth Rs 8.88 lakh crore getting stalled due to various reasons.That number reported for around 7% of the GDP.
Right Mirani,
It is expected that as many as 283 projects were stalled in the services sector mostly due to promoter's lack of interest, while 143 were stuck in the construction and real estate sector due to lack of environmental clearances.
I am telling you why this happened. As per a survey 3700 listed companies, a fairly large number had not been able to cover interest payments on their loans in the last 4 qtrs. According to a Credit Iisse report, of the total debt of $450 billion, 33% or $140 billion falls in this bracket.
@Bhargav,
As per the information found recently, most issues have now been resolved. The City and Industrial Development Corporation, a state agency, has received offers from 4 association. If the project takes off now, the phase-1 will be operational by 2019.
@ Bhargav,
Navi Mumbai International Airport Which was initially proposed in 1995-99, when the BJP-Shiv Sena, was in power, the project was avert due to delays in environment and forest clearances and also due to opposition from villagers seeking higher compensation to part with their land.
@Kiran,
Mono Rail Project Phase-II is facing the same problem. Built by L&T, the phase-1 of the project between Chembur and Wadala started in February last year after missing almost 3 deadlines. There were delays over land acquisition, right of way over Central Railway's tracks and objections from Arthur Road jail authorities, who did not want the Metro to overlook the premises.
Hi Bhargav,
But the project was stuck as the then Congress-NCP government in the state could not decide between this and a coastal road project. A decision is yet to be taken. The government, in the meantime, is running after Rs 8500-cr coastal road project connecting south and north Mumbai.
Hi everybody,
We can not forget the issue of Worli-Haji Ali Sealink. The concession agreement was signed between Reliance Infrastructure and the Maharashtra State Road Development Corporation in 2010. The then central government agreed to provide viability gap funding.
@Abhishek, Similarly, Metro Phase-II has the same story. The Dahisar-Mankhurd line via Charkop and Bandra was awarded to Anil Ambanis Reliance Infrastructure in 2009. The company, which built a Metro between Ghatkopar and Versova after a long delay, entered into a compromise agreement with the Maharashtra government. But the project did not get environment clearance and there was no clarity on land for a depot.
@harmeet, Again in November 2013, Reliance Infrastructure ended the deal with the government. MMRDA says the project will be implemented by the Mumbai Metro Rail Corporation by 2019. The corporation plans to fund the project by raising loans from international agencies, the Centre and the state government.
Hi Harmeet, I remember the story of Mumbai Trans Harbour Link. J R D Tata first dream up the idea of a 22-km sea-link to decongest Mumbai by connecting the mainland with central Mumbai, in the 1970s. The state government initiated the project in 1990. The 1st bids were in by 2007. The Mumbai Metropolitan Region Development Authority rejected bids of the Ambani brothers on technical grounds.
Bids were called for again and 5 submitted their offers in July-August 2013. The bids were thrown away again on technical grounds. MMRDA has now decided to develop the project on its own, with help from the private sector for the construction.
@Harmeet, But if i am not wrong, it came to hear that In June last year, the Japanese International Co-operation Agency said it will loan 80% of the project cost. The state expects to launch the development work by 2015-end.
Hi Vasanth, Industrialists Mukesh and Anil Ambani had asked the Centre and the Maharashtra government to make easier infrastructure projects in Mumbai stuck in red tape and delayed due to lack of environment clearances choking the metropolis.
Righ Abhishek,
And Ambanis' appeal gave voice to the anger of millions of Mumbai citizens, who face huge traffic tangle and overcrowded, unsafe train rides daily. Here is a status check of some marquee projects in the city: Mumbai Trans Harbour Link - cost Rs. 11000 crore, Metro Phase-II - cost Rs. 25605 crore, Worli-Haji Ali Sealink - cost Rs. 5000 crore, Mono Rail Project Phase-II - cost Rs. 2460 crore,
Navi Mumbai International Airport - cost Rs. 18000 crore.