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5 Global Concepts That Indian Real Estate Can AdoptBy following global practices, India can effectively deal with its space crunch and energy-related issues.
Mumbai Metro Line-IV To Get Operational By 2021The Mumbai Metro Line-IV has been planned as a fully elevated corridor with 32 stations from Wadala near south Mumbai and Kasarvadavli near Thane West via Ghatkopar and Mulund. There are plans to extend the line by 2.7 kilometres to Gaimukh. The 32.32-kilometre Metro corridor has an estimated cost of Rs 14,549 crore and is expected to be completed by 2021.
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.
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).
Explaining NRI Investments In India's Real EstateIndia has a policy for non-residents which invites them to invest in the Construction and Development sector. For investment in independent premises, the policy is open only for NRIs.