Maharashtra okays Rs 500 billion for infrastructure projects in Mumbai

01 Oct 2024 CW Team

One of the major initiatives is the Orange Gate to Marine Drive tunnel project, for which the government has approved an interest-free secondary loan of Rs 13.54 billion to the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation includes Rs 6.14 billion for state taxes, Rs 3.07 billion to cover half of the central taxes, and Rs 4.33 billion for land acquisition. The total project cost is pegged at Rs 91.58 billion.

The cabinet has also expedited the Thane Ring Metro Rail project with a revised budget of Rs 122.2 billion. This 29-km metro line will feature 20 elevated and two underground stations.

Additionally, the Thane-Borivali underground highway project has been approved with an investment of Rs 188 billion. The six-lane highway will include a significant 11.85-km-long tunnel, designed to ease congestion between the two cities.

For the Murbe multipurpose port project in Palghar district, the cabinet appointed JSW Infrastructure as the contractor. A detailed report on technical and rehabilitation aspects will be prepared by the Central Water and Power Research Station (CWPRS) and the Central Marine and Fisheries Research Institute (CMFRI). The port, estimated at Rs 42.59 billion, will operate year-round and focus on handling captive and bulk dry cargo, creating 1,500 jobs.

The cabinet also greenlit an affordable rental housing scheme for eligible slum dwellers in Dharavi as part of the Dharavi Redevelopment Project (DRP). A comprehensive survey will be conducted to determine the number of eligible residents, and land allocation will be adjusted accordingly. The state government emphasised that the financial burden of the credit-linked subsidy should be borne by the special purpose company managing the project, ensuring no liability falls on the state.

Furthermore, concessions were approved for the MMRDA in the slum rehabilitation schemes in Ramabai Ambedkar Nagar and Kamrajnagar. MMRDA will now be allowed to pay the recalculated land premium value for 14 hectares in Kurla from the sale proceeds after project completion, eliminating the need for an upfront 25% payment. (FPJ)

With assembly elections on the horizon, the Maharashtra state cabinet has sanctioned 38 infrastructure projects, focusing on accelerating development in the Mumbai and Thane regions, alongside new housing schemes for those affected by ongoing projects. One of the major initiatives is the Orange Gate to Marine Drive tunnel project, for which the government has approved an interest-free secondary loan of Rs 13.54 billion to the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation includes Rs 6.14 billion for state taxes, Rs 3.07 billion to cover half of the central taxes, and Rs 4.33 billion for land acquisition. The total project cost is pegged at Rs 91.58 billion. The cabinet has also expedited the Thane Ring Metro Rail project with a revised budget of Rs 122.2 billion. This 29-km metro line will feature 20 elevated and two underground stations. Additionally, the Thane-Borivali underground highway project has been approved with an investment of Rs 188 billion. The six-lane highway will include a significant 11.85-km-long tunnel, designed to ease congestion between the two cities. For the Murbe multipurpose port project in Palghar district, the cabinet appointed JSW Infrastructure as the contractor. A detailed report on technical and rehabilitation aspects will be prepared by the Central Water and Power Research Station (CWPRS) and the Central Marine and Fisheries Research Institute (CMFRI). The port, estimated at Rs 42.59 billion, will operate year-round and focus on handling captive and bulk dry cargo, creating 1,500 jobs. The cabinet also greenlit an affordable rental housing scheme for eligible slum dwellers in Dharavi as part of the Dharavi Redevelopment Project (DRP). A comprehensive survey will be conducted to determine the number of eligible residents, and land allocation will be adjusted accordingly. The state government emphasised that the financial burden of the credit-linked subsidy should be borne by the special purpose company managing the project, ensuring no liability falls on the state. Furthermore, concessions were approved for the MMRDA in the slum rehabilitation schemes in Ramabai Ambedkar Nagar and Kamrajnagar. MMRDA will now be allowed to pay the recalculated land premium value for 14 hectares in Kurla from the sale proceeds after project completion, eliminating the need for an upfront 25% payment. (FPJ)

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Infrastructure Transport

31 Oct 2025

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Infrastructure Urban

31 Oct 2025

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..