Metro 3 Navy Nagar Extension Awaits Government Nod

02 Jul 2025 CW Team

The Mumbai Metro Rail Corporation (MMRC) finished its detailed project report in November 2023 for extending the underground Metro 3 corridor by five kilometres to Navy Nagar, yet the plan still awaits clearances from the state government and MMRC’s own board. First announced in the 2022‑23 Budget by then deputy chief minister Ajit Pawar, the two‑and‑a‑half‑kilometre spur in each direction was requested by the naval authorities to serve the densely populated enclave of government staff housing and surrounding communities.

MMRC officials say construction of the new segment will begin only after the main 33‑kilometre Colaba‑BKC‑SEEPZ line is fully operational. At present, 22 kilometres between Aarey and Bandra‑Kurla Complex are open, while trial runs, finishing works and integrated tests continue on the remaining stretch to Cuffe Parade and Colaba.

Once complete, Metro 3 will weave together six business districts, 30 office clusters, 12 universities and colleges, 11 major hospitals, 10 transport hubs and 25 religious or leisure landmarks, while also linking both airport terminals. It will bring rail‑based transit to neighbourhoods such as Kalbadevi, Nariman Point and BKC, which currently rely on congested roads.

The corporation estimates that 85 per cent of riders will switch from private road travel, trimming daily traffic by about 0.45 million vehicle trips at launch and roughly 0.65 million as capacity climbs.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..