Properties for sale in Mumbai by Evershine Builders

The commissioning of Line-I of the Mumbai Metro Project not only eliminated travel woes for Mumbaikars but gave a boost to the property prices in several micro-markets of the city. The elevated corridor connects the locality of Versova in the west to Ghatkopar in the east with a total of 12 stations covering 11.4 kilometre. Here is all you need to know about the Line.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has fined the developer of the Bhagtani Serenity project at Powai in Mumbai, JVPD Properties Private Limited, for failing to deliver the project on time. It penalised the developer with a sum of Rs 7.10 crore along with an interest of 15 per cent to be paid to 21 homebuyers. The buyers, who the developer referred to as only investors, had booked apartments under the project during 2013 and 2015 but only received a letter from the developer citing approval related delays as a reason.

The online system that was launched by the Brihanmumbai Municipal Corporation (BMC) in 2016 to give building plan approvals online is faulty, say those who have been using the platform. The number of glitches seen in the system, known as automating development control regulations (Auto DCR) system, is no less than over 100, they say.

To avoid last year’s flood-like situation, the BMC has started the groundwork ahead of monsoons which include auditing of trees, cleaning of drains, deepening of the Mithi river, etc.

The 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.