Mumbai to get additional 50 km of metro network this year: Fadnavis

13 Mar 2023 CW Team

According to Maharashtra’s Deputy Chief Minister Devendra Fadnavis, the Mumbai Metropolitan Region (MMR) will get up to 50 km of new metro in 2023-2024. During the state assembly 2023-24 budget, Deputy CM made this announcement. He stated that several projects, including Mumbai Metro Line 10 (Gaimukh to Shivaji Chowk, Mira Road, with a total length of 9.2 km and an estimated cost of Rs 44.76 billion), Mumbai Metro Line 11 from Wadala to Chhatrapati Shivaji Maharaj Terminus (CSTM), with a total length of 12.77 km and an estimated cost of Rs 87.39 billion, and Metro line 12 from Kalyan to Taloja, with a length of 12.77 km and an estimated cost of Rs 58.65 billion will be completed.

He also stated that 820 public utility improvement works worth Rs 17.29 billion had been carried out for the Mumbai beautifying project. The Thane and Vasai creeks will be connected as part of Rs 4.24 billion project to improve water transportation throughout Mumbai. According to Fadnavis, a proposal to build a jetty and associated facilities for a water transport terminal at Radio Club near the Gateway of India in Mumbai has been given the green light at a cost of Rs 1.62 billion. From South Mumbai, it will make it easier to go by water to Kalyan, Dombivli, Thane, Vasai, and Navi Mumbai.

He stated that the first phase of the memorial for Shiv Sena founder Balasaheb Thackeray will be finished by May 2023 and the construction of a memorial for Dr. B.R. Ambedkar at Dadar in downtown Mumbai will be finished by April 2025. At a cost of Rs 5.27 billion, a new passenger terminal would be built at the Shirdi airport in the Ahmednagar district, according to Fadnavis. According to him, planning is now underway to expand the Nagpur international airport and build a new international airport at Purandar in the Pune district. A fund of Rs 7.34 billion will be granted for land acquisition at Chhatrapati Sambhaji Nagar Airport.

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 ..