Friends Colony Property

According to media reports, the South Delhi Municipal Corporation has plans to beautify eight major markets of the area.

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

After the state government made the Mhada as the planning authority for 56 colonies, the authority has now approved six of the 60 proposals submitted by various projects across Mumbai. The approval of proposals means that the city will soon have a new supply of over six lakh homes. Calling it a housing bonanza, the new supply will help the city overcome the space shortage it faces.

If the rising cost of car fuel is troubling you, there is another reason to scrap your old vehicles and switch to eco-friendly cars. The Central government is planning to offer incentives of up to Rs 2.5 lakh for the buyers of electric bikes and cars as a part of a Rs 9,400-crore package.

The line III of the Mumbai Metro is a 33.5-km underground corridor from Colaba in south Mumbai to Seepz in the north via Bandra. It is being implemented in phases with the first phase from Aarey Milk Colony to the airport to be thrown open by March 2021 while the second phase from Cuffe Parade is expected to open in December same year. Developed at an estimated cost of Rs 23,136 crore, the project will have 21 stations and advanced features to prevent subway flooding during rains.