Developers excited as Navi Mumbai infrastructure nears completion

29 Jun 2023 CW Team

The recent receipt of a safety certificate for Line 1 of the Navi Mumbai metro by CIDCO (City and Industrial Development Corporation) from CMRS (Commissioner of Metro Rail Safety) is significant. This certification means that Taloja, which was previously only accessible by private vehicles or a limited number of buses from NMMT (Navi Mumbai Municipal Transport), will now be easily accessible for citizens. This improved connectivity has led to a surge in housing projects in the area, including thousands of homes being constructed by CIDCO under the Prime Minister Awas Yojana.

While other parts of Navi Mumbai experienced a significant rise in prices after the COVID-19 pandemic, Taloja remained relatively unaffected due to its lack of connectivity. Areas like Kharghar, which have railway access and frequent NMMT services, witnessed price increases. However, with the introduction of metro services, the Pendhar-Taloja belt will now be better connected. Real estate experts predict a major demand for affordable housing in the area, which could lead to a price rise of up to 20%.

Currently, one-bedroom flats in Taloja start at ₹20 lakh, and it is expected that they may see an appreciation of Rs 1 to 2 lakh or a 5 to 10% increase in the coming months.

Apart from generating revenue from metro services, CIDCO is actively seeking new sources of income. In 2021, the CIDCO board passed a resolution to amend the General Development Control Regulation (GDCR) to support its infrastructure projects. However, the approval of the state government is required for this amendment to come into effect.

The completion and upcoming operation of infrastructure projects like the Navi Mumbai metro, MTHL (Mumbai Trans Harbour Link), and Belapur-Uran suburban train network have sparked interest among developers in Navi Mumbai. The developers' body believes that investors will benefit from good returns on investment along the 11 km stretch of Navi Mumbai, which is now ready and set to be operational soon. The recent receipt of a safety certificate for Line 1 of the Navi Mumbai metro by CIDCO (City and Industrial Development Corporation) from CMRS (Commissioner of Metro Rail Safety) is significant. This certification means that Taloja, which was previously only accessible by private vehicles or a limited number of buses from NMMT (Navi Mumbai Municipal Transport), will now be easily accessible for citizens. This improved connectivity has led to a surge in housing projects in the area, including thousands of homes being constructed by CIDCO under the Prime Minister Awas Yojana. While other parts of Navi Mumbai experienced a significant rise in prices after the COVID-19 pandemic, Taloja remained relatively unaffected due to its lack of connectivity. Areas like Kharghar, which have railway access and frequent NMMT services, witnessed price increases. However, with the introduction of metro services, the Pendhar-Taloja belt will now be better connected. Real estate experts predict a major demand for affordable housing in the area, which could lead to a price rise of up to 20%. Currently, one-bedroom flats in Taloja start at ₹20 lakh, and it is expected that they may see an appreciation of Rs 1 to 2 lakh or a 5 to 10% increase in the coming months. Apart from generating revenue from metro services, CIDCO is actively seeking new sources of income. In 2021, the CIDCO board passed a resolution to amend the General Development Control Regulation (GDCR) to support its infrastructure projects. However, the approval of the state government is required for this amendment to come into effect.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..