Another Metro Added to Mumbai's Amazing Metro Infra

By Sandeep Sadh
March 05, 2024

On Sunday, Maharashtra Chief Minister Eknath Shinde inaugurated the foundation laying for Metro Line 12, a significant infrastructure development connecting Kalyan with Taloja in Navi Mumbai. This extension is part of the larger Metro Line-5 project (Thane-Bhiwandi-Kalyan) and aims to enhance connectivity within the Mumbai Metropolitan Region (MMR). The new line comprises a fully elevated structure, encompassing 22.173 km with a total of 19 stations. The estimated project cost is Rs 5,865 crore, and it is projected to be completed by the end of 2027, according to an official release.

Chief Minister Shinde emphasized the considerable benefits that Metro Line 12 will bring to the residents of MMR, emphasizing the shorter and more convenient travel options it will offer between Kalyan, Taloja, south Mumbai, Thane, Mira-Bhayender, and Virar. He stated that the travel time between Kalyan and Taloja is expected to be reduced by 45 minutes once the Metro Line 12 becomes operational. Additionally, Shinde highlighted the strategic integration of Metro Line 12 with Navi Mumbai, foreseeing a new wave of development in the surrounding regions and anticipating growth in businesses.

Expressing optimism about the positive impact on traffic congestion, Chief Minister Shinde articulated the expectation of reduced fuel consumption and pollution. He recognized Maharashtra's significant strides in infrastructure development and economic growth, with the Mumbai Metropolitan Region playing a vital role in this progress. Commending the consistent expansion of the Metro network by the Mumbai Metropolitan Region Development Authority (MMRDA), he affirmed their commitment to sustainable urban development in and around the MMR.

In addition to his involvement in the Metro Line 12 project, Chief Minister Shinde attended a function where the ground-breaking ceremony for the Rs 150 crore Ambernath Shiv Mandir Area Development project was performed in Thane district. During this event, he reiterated the importance of spiritual and religious establishments while emphasizing the state government's prioritization of development.

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About the author

Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Builders jack up rates with market handle - The Indian Express
REALTY PLUS ORGANIZES THREE OF ITS FLAGSHIP EVENTS AT HOTEL TAJ SANTACRUZ MUMBAI - Exchange 4 Media/Realty Plus
Need'nt hurry yet to buy that new flat - The Indian Express
More luxury homes than city needs - The Indian Express
Don't wait to buy a home; prices won't drop - Rediff
Make real estate deals more transparent - Money Control
Real estate market could recover by Diwali - The Economic Times
Energy-efficient buildings increase return on your realty investment - The Economic Times
Should you buy property in a religious location? - The Economic Times
Are you paying a higher maintenance bill for housing society? - The Economic Times
Developers Are Rolling Out Offers. Homebuyers, Read The Fine Print Carefully - Bloomberg/Quint
Hot property destinations of 2007 - Rediff
Piramal's big bet - Business Today
Are you buying a 'safe' house? - Magicbricks

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

Residential Leasing
Commercial Leasing
Residential Home Buying
Commercial Property Buying
Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

Drafting of the Leave and License Agreements
MOU for Buying/Selling Properties
Drafting Agreement for Sale
Gift Deeds
Computing of Capital Gains with current ready reckoner values
Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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Another Metro Added to Mumbai's Amazing Metro Infra