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Real Estate Forum on Mumbai Metropolitan Region Development Authority

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: The MMRDA had last tried to sell land in the BKC in 2010 but unfortunately failed to get a single bidder.
Latest Answer: To get global investors and lift BKC's image internationally, this time, the MMRDA has engaged real estate services firm CBRE to conduct road shows with major companies across global financial capitals ahead of the auction.
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Q: Mumbai Metropolitan Region Development Authority has decided that Metro-II corridor will be elevated and not underground.

Latest Answer: Hi all, I heard that the Phase-2B corridor will pass along Linking Road to Mankhurd via Bandra-Kurla Complex. It will have an interlink facility in BKC, from where Metro-3 underground corridor (Seepz-Ban-dra-Colaba) will criss-cross. Is it true? If it happens then the property as well as rental markets in those locality will grow rapidly.
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Q: Mumbai's second Metro may be ready as early as 2019 as the Mumbai Metropolitan Region Development Authority (MMRDA) has invited tenders for the 16.5km-long corridor.
Latest Answer: This 16.5 km-long corridor that will connect Andheri to Dahisar via the Western Express Highway. The Andheri (E)-Dahisar (E) corridor, labelled as Metro VII, is expected to decongest the Western Express Highway significantly. Both, Phase-I of Metro-II and Metro-VII are north-south corridors, unlike Metro-I, which criss-crossed over railway tracks and the Western Express Highway.
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Q: It indicates that state govt. intend to use the land for SRA scheme and to construct affordable housing.
Latest Answer: Yes, center is positive about the development of salt pan land. Though there are some issues related to coastal regulation zone but they will touch the CRZ-I grade area.
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Q: Delhi Metro Railway Corporation has signed an agreement with the Mumbai Metropolitan Region Development Authority to carry out Phase-I of the Dahisar-Charkop-Bandra-Mankhurd corridor.
Latest Answer: Right Shaina, The Dahisar East-Charkop-DN Nagar Metro line will be constructed by the Delhi Metro Rail Corporation (DMRC), while the Dahisar East-Andheri East corridor would be implemented by the Mumbai Metropolitan Region Development Authority (MMRDA).
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Q: The government has decided to charge 100% of the Ready Reckoner Rate as premium for additional floor space index for properties along the proposed 2 new metro lines (II and VII).
Latest Answer: A government resolution issued on October 2017. The bhoomi pujan for the two lines-Metro II (Dahisar-Charkop-Bandra-Mankhurd Metro Corridor Phase I-Dahisar East- DN Nagar) and Metro VII (Andheri East-Dahisar East)-was recently done by Prime Minister Narendra Modi.
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Q: The Mumbai Metro One Pvt Ltd has told the Maharashtra government that it would be difficult to continue the operation in case it failed to generate adequate revenue.
Latest Answer: Hey Guys..... Earlier, the MMOPL has also refused to increase the existing fare slab of Rs 10 to Rs 40 despite the fare fixation committee recommending increase of the fares up to Rs 110. Yes....you can say that the commuters are unable to pay the increased amount.
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Q: Good news for both Mumbai and Navi Mumbai residents as four nations showed their interest to fund Rs. 11000 core Mumbai Trans-harbour Sea Link.
Latest Answer: They have come with their own terms and conditions. Govt. need to take proper decision about it else it may loss us. Madhav Jha
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Q: Hi, the scale and scope of the ambitious coastal road project in Mumbai is likely to be expanded.
Latest Answer: Whereas experts claim that the construction of the coastal road is imperative to decongest traffic and would transform Mumbai into a world-class city. The state government hopes to obtain a formal nod from the Centre for the coastal road project soon. It has set its sights on readying the detailed project report and starting work by the year-end.
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Q: Hi, do you know that the Brihanmumbai Municipal Corporation (BMC) spends more than the estimated cost on projects mainly due to delays.
Latest Answer: @Pradyuman, But after completion of this flyover, it will bring relief to north-bound traffic on S V Road and the WEH. It will help traffic moving towards JVLR and Goregaon on S V Road, as north-bound traffic gets stuck near the Goregaon telephone exchange junction on S V Road. The flyover will have an approach road at Ram Mandir Road, towards Oshiwara, and also on S V Road, parallel to Siddharth Nagar.
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