MMRDA gets 71.04 hectare for 4 metro sheds

11 Sep 2023 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) was slated to receive a total of 71.04 hectare of land for the establishment of car sheds for four metro routes. These routes included Metro 4, which connected Wadala to Kasarwadavli, Metro 4A, connecting Kasarwadavli to Gaimukh, Metro 10, running from Gaimukh to Shivaji Chowk in Mira Road, and Metro 12, extending from Kalyan to Taloja.

It was mentioned that the designated plot in Survey No 30 had originally been owned by the state and used for agricultural purposes. This land had been leased to 167 lessees and was located in proximity to the Sanjay Gandhi National Park and Ghodbunder Road. The land's purpose was to play a crucial role in the expansion of Mumbai's metro network.

In the month of June, residents from the Mogharpada locality voiced their opposition to the construction of the car shed. They called for fair compensation for the locals who would be affected by the project. The villagers even organised a protest in front of the Thane revenue office when revenue and MMRDA officials visited before the monsoon season.

Local representatives from the Shiv Sena, who supported the villagers' cause, wrote a letter to the then MMRDA commissioner, SVR Srinivas, requesting a halt to the land acquisition process. According to the proposed policy, it was indicated that land occupants were likely to receive 22.5% of the developed land as compensation. This model was similar to the policy employed by CIDCO.

Moving to August, the MMRDA successfully acquired land for a car shed dedicated to the upcoming Metro Line 12, which would connect Kalyan to Taloja. Specifically, the Thane collector transferred 47 hectares of land in Niljepada to the MMRDA for this specific purpose.

Also read:
Hyderabad Metro phase 3: Systra & Aarvee get DPR contract
Land Acquisition for Nanded-Wardha Rail Reaches 90% Completion

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..