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Mhada Approves Six Housing Proposals; Mumbai To SeeAfter 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.
All You Need To Know About Mumbai Metro Line IIIThe 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.
Mumbai Metro Line 2A To Get Operational By 2020The 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.
Mhada Gets Status Update, Becomes Planning AuthorityThe government has set for itself an ambitious target ─ it plans to provide homes to all the urban and rural poor by 2022 under its Housing For all Scheme. A move that would enable BJP-ruled Maharashtra to speed up the process in that regard, the state government has made the Maharashtra Housing and Area Development Authority (Mhada) the planning authority for project implementation.
Relief For Realty in Mumbai: Lease Rent Rates For CoThe Maharashtra State Cabinet took two key decisions in a meeting held on April 24 that have come as a boost for real estate market of the capital city, Mumbai. In a move that has come as great relief to those who left Pakistan to settle in India after the Partition in 1947, the state has decided to freehold their properties. It has also decided to reduce the lease rent it charges form co-operative housing societies built on government land in Mumbai.