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Real Estate Forum on Mumbai Metro Ph-3

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Process to Procure Rakes for Mumbai Metro-III Corridor begins and bids for Colaba-Bandra-SEEPZ Metro floated.
Latest Answer: And if there is delay in bid process, there has been change on all these indices because of which civil work cost itself is likely to increase by Rs 5000 crore. As per the planning, the work is always given priority at the end where the car depot is planned. Since, the depot is going to shift to Kanjurmarg from Aarey, it is but obvious that work on Kanjurmar-Seepz will begin and conclude first.
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Q: It is estimated that the 3rd phase of the project cost Rs 23136 cr and will be developed on a cash-contract basis, not under the build-operate-transfer model.
Latest Answer: After the completion of this project, it is expected that the corridor will be completed by FY20 which will carry 1.39 million commuters daily by 2021 and 1.7 million a day by 2031.
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Q: Hi, can anybody tell me which are the top areas in MMR with highest units supply?
Latest Answer: Top 5 markets for rental yield are Mira Road due to connectivity, affordability and huge land parcel. Secondly, Powai due to IT Hub, educational hub and upscale locality. In 3rd position, Andheri East due to industrial hub and strategic location. In fourth position Goregaon East because of connectivity, affordability compared to Bandra and Andheri and last is the Malad West due to its upscale locality and strategic location.
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