Maharashtra Clears Rs 750 Billion Urban Infra Projects

09 Sep 2025 CW Team

The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, has cleared infrastructure projects worth Rs 750 billion (Rs 75,000 crore) across Mumbai, Thane, Navi Mumbai, Pune, and Nagpur, including the ambitious Mumbai Metro Line-11 linking Wadala to Gateway of India, at an estimated cost of Rs 240 billion (Rs 24,000 crore).

Mumbai Metro Line-11: Wadala to Gateway of India

The 17.5-km underground corridor will extend the existing Line-4 (Wadala–Thane–Kasarvadavli) and feature 14 stations, 13 of them underground. Designed to run six-car trains at 80 kmph with a 2.5-minute headway, the line is expected to serve 5.8 lakh daily riders by 2031, rising to 10 lakh by 2055. The project requires 104 acres, including 56 acres of permanent acquisition.

A car depot will be developed at Anik–Pratiksha Nagar on 39 acres of BEST land, integrating bus operations. Funding support includes JICA loans, Rs 31.4 billion equity, and Rs 9.17 billion in subordinate debt from the Centre.

238 AC Locals & MUTP-3B Expansion

The cabinet sanctioned the purchase of 238 air-conditioned suburban trains under MUTP-3 and MUTP-3A for Rs 48.3 billion, equally shared by the Centre and state.

Under MUTP-3B, 136.6 km of new rail corridors worth Rs 149 billion were approved, including:

Badlapur–Karjat 3rd & 4th lines (32.46 km)
Asangaon–Kasara 4th line (34.97 km)
New Panvel–Vasai corridor (69.2 km)

State support will include a ticket surcharge and monetisation of Bandra (East) railway land.

Metro Expansion in Pune, Thane, and Nagpur

Loan arrangements were cleared for:

Thane Circular Metro
Multiple Pune Metro corridors: Pimpri–Nigdi, Swargate–Katraj, Vanaz–Chandni Chowk, and more
Nagpur Metro Phase II

Real Estate

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..