Cost of Mumbai Metro 3 sees a 44% surge to Rs 231.36 bn

10 Aug 2022 CW Team

The Eknath Shinde-Devendra Fadnavis government in Maharashtra is set to approve an increase in the cost of the Colaba-Bandra-SEEPZ Metro 3 project to Rs 334.06 billion from Rs 231.36 billion, a rise of Rs 102.70 billion, or about 44%.

The state cabinet, at its meeting slated for this week, is expected to approve the proposal.

Several reasons are being cited for the increase, including the time taken in excavation owing to the presence of basalt rock, adoption of bottom-up construction technology for want of space, additional cost incurred on account of rocky layers and the need to dispose of them, and the need to erect temporary steel decks for road traffic to allow construction of underground stations, as many of them are in congested areas.

Yet another reason for the cost escalation is that Metro 3 stations have to accommodate eight coaches as against the six used by the Delhi Metro. Moreover, labour and accommodation are more expensive in Mumbai.

The state government’s approval came days after it allowed the Mumbai Metro Rail Corporation (MMRCL) to resume work on the Metro 3 car shed at Aarey Colony in Goregaon (East).

A senior official with the state urban development department said the loan needed for the project from the Japan International Cooperation Agency (JICA) has increased by Rs 66.89 billion to Rs 199.24 billion.

The state government will have to bear an paltry additional cost of Rs 1.33 billion as its contribution has gone up to Rs 25.54 billion from Rs 24.21 billion. But its share capital in the project will have to be increased to Rs 36.99 billion from Rs 24.02 billion. This amount will come from the Mumbai Metropolitan Region Development Authority (MMRDA) and is to be used for land acquisition, rehabilitation and tax.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..