Shakti Nagar Property

With the standing committee of the Pimpri Chinchwad Municipal Corporation approving the detailed project report for the extension of the Pimpri-Swargate Metro route to Nigdi recently, prospects of certain real estate pockets have brightened. Under the earlier plan, Phase-I of the Pune Metro was to cover a distance of 31.25 km, with two stretches — from Pimpri Chinchwad Municipal Corporation to Swargate (16.6 km) and from Vanaz to Ramwadi (14.7 km). With the extension of the first stretch till Nigdi, another 4.5 km (spanning three stations, Chinchwad, Akurdi and Nigdi ) will be added to the Pimpri Chinchwad Municipal Corporation stretch.

The Mumbai Metro Line II is being constructed in two sub-phases with 18-km line 2A between Dahisar and DN Nagar; and the 23-km line 2B between DN Nagar and Mankhurd. Construction works begun in 2016 and the DMRC plans to open one part of this line (2A) for the public by 2020.

Prime Minister Narendra Modi on December 18 will inaugurate the Metro Line-5 of the Mumbai Metro network that will connect Kapurbawdi in Thane West to Kalyan via Bhiwandi. The PM, along with Maharashtra CM Devendra Fadnavis, will also lay the foundation stone for the Metro Line-9 (Dahisar- Mira Bhayander). The Mumbai Metropolitan Region Development Authority (MMRDA) is in the process of selecting contractors and general consultant for the project after the project was approved in October 2017. The project is expected to be completed by 2022.

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Here is a golden opportunity for those who are looking for government-owned properties in Uttar Pradesh capital Lucknow. In order to cut the losses it is making in the maintenance of its rented properties, residential as well as commercial, the Lucknow Development Authority (LDA) is planning to sell them. According to media reports, a total of 3,500 may be up for grabs in the LDA property auction, likely to take place in January. While 2,300 properties are residential structures, the remaining 1,200 are commercial set-ups.