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Maftlal Group’s Scion Buys SoBo Apartment Worth Rs 8Vishad P Mafatlal, managing director, Mafatlal Denims has purchased a luxury duplex apartment in Lodha Group’s Altamount towers. Located at Altamount Road in south Mumbai, the apartment has been purchased for Rs 89 crore while Rs 4.45 crore has been given as stamp duty. The bare-shell apartment is spread in an area of 10,000 sqft and sits on the 10th and 11th floor of the tower. Here’s all you need to know about the apartment and the project.
All You Need To Know About Mumbai Metro Line 7The Mumbai Metro Line 7 is a partially elevated corridor spanning a length of 16.5 kilometres with 14 stations from Andheri (East) to Dahisar East. There are plans to extend the corridor, by 9 km, to Chhatrapati Shivaji International Airport (terminal T2) from Andheri (East), and to Mira Road-Bhayendar from Dahisar. The project is being developed at an estimated cost of Rs 6,208 crore and is expected to be operational by 2019.
Mumbai Metro Ridership Hits 400-Million MarkThe Mumbai Metro has crossed 400-million ridership at a 12-km route between Versova- Andheri- Ghatkopar in a period of four years. Also, it has emerged as the only public transport infrastructure that witnessed an increase in passengers of up to 15 per cent annually. According to the data available with Mumbai Metro One, the network operates with around 378-382 trips on weekdays, with a punctuality performance of 99.9 per cent along what is the world's densest corridor. The route also connects the eastern and western suburbs via Andheri.
Here’s How Metro Line VI Will Impact Property PricesThe Line VI of the Mumbai Metro network will connect Lokhandwala Complex (Swami Samarth Nagar) in Andheri and goes up to Kanjurmarg in eastern suburbs of Mumbai via Jogeshwari and Vikhroli. With an estimated cost of Rs 6,672 crore, the 14.5-kilometre corridor will have 13 stations with interchange option to metro lines 2, 3 and 4. The Mass Rapid Transit System (MRTS) will boost east-west connectivity in the Mumbai Metropolitan Region (MMR).
5 Reasons Why You Should Invest In Kandivali WestIn the recent years, Kandivali West has transformed into a thriving destination, with many residential projects in the vicinity. The locality has witnessed rapid development in the last two decades both in terms of residential growth and population.