Prime Minister Launches Mumbai Metro Line Three Inauguration

08 Oct 2024 CW Team

Prime Minister Narendra Modi laid the foundation stones for various initiatives totalling over Rs 328 billion, which included the Thane Integral Ring Metro Rail Project and the Elevated Eastern Freeway Extension. Additionally, he inaugurated the Navi Mumbai Airport Influence Notified Area (NAINA) project during an event held in Thane.

In a significant effort to enhance urban mobility in the region, the Prime Minister inaugurated the BKC to Aarey JVLR section of Mumbai Metro Line 3, which costs approximately Rs 141.20 billion. This section will feature 10 stations, with 9 of them being underground.

Mumbai Metro Line 3 is a crucial public transport initiative aimed at improving commuting between Mumbai city and its suburbs. Once fully operational, the line is expected to serve around 12 lakh passengers daily.

The Thane Integral Ring Metro Rail Project is being constructed at an estimated cost of Rs 122 billion, covering a total length of 29 km with 20 elevated and 2 underground stations. This ambitious infrastructure initiative is intended to address the increasing transportation demands of Thane, a significant industrial and commercial hub in Maharashtra.

The Elevated Eastern Freeway Extension from Chheda Nagar to Anand Nagar in Thane will facilitate seamless connectivity between south Mumbai and Thane.

The NAINA project, which costs around Rs 25.50 billion, includes the construction of major arterial roads, bridges, flyovers, underpasses, and integrated utility infrastructure.

Furthermore, the Prime Minister laid the foundation stone for the Thane Municipal Corporation, which is to be constructed at an approximate cost of Rs 7 billion.

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 ..