Latest news with #CoastalRoadProject


Indian Express
10-07-2025
- General
- Indian Express
BMC starts work on north phase of coastal road project in Goregaon
The Brihanmumbai Municipal Corporation has commenced works on the second phase of Coastal Road Project along a 1.2 km stretch in Goregaon, which falls outside the limits of Coastal Regulation Zone (CRZ). On Wednesday, Additional Municipal Commissioner (Projects) Abhijit Bangar conducted a site inspection where he took stock of the developments on the project. Set to connect Versova in the western suburbs with the satellite city of Bhayandar, the north phase of the Coastal Road Project encompasses interchanges, elevated roads and twin tunnels. The mega project passes through land and creeks with most of the area falling under the Coastal Regulation Zone (CRZ). On Wednesday, the civic body said that foundation work at a 1.2 kilometre stretch in Goregaon, which lies outside the CRZ boundary, has been commenced. According to officials, this stretch falls under the Package B of the project, which encompasses an overall area of 1.66 km between Bangur Nagar and Mindspace (Malad). For perspective, the coastal road has been divided into six packages between Versova and Dahisar. While carrying out inspection of the foundation work at the non-CRZ area in Goregaon, AMC (Projects), Bangar on Wednesday instructed officials to ensure that no work is undertaken in areas which are categorized under CRZ. Besides overlooking ongoing works at Goregaon, Bangar also conducted site visits at Versova, Andheri, Lokhandwala interchange, Malad mindscape among other pockets where he interacted with officials and took stock of several works being executed under the ambit of coastal road phase 2. Earlier this month, the BMC received the crucial in-principal (Stage I) approvals for the mangrove forest diversion proposal to develop the project through the Union Ministry of Environment, Forest and Climate Change (MoEFCC). Having procured the stage I approvals, the civic body is now going to approach the High Court. According to officials, work can be commenced only after acquiring the working permissions from the High Court. Following this, the MoEFCC grants the Stage II (final) approvals for the project.


Indian Express
01-07-2025
- Business
- Indian Express
Crucial stage 1 approval granted for north phase of coastal road
IN A boost to the second phase of Mumbai Coastal Road Project, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) has granted the Stage-1 (in-principle) approval for the mangrove forest diversion proposal for the development of the project. The Brihanmumbai Municipal Corporation (BMC) is now set to approach the High Court, whose approval will pave the way for the construction of the next phase of the project which spans from Versova to Bhayandar. A crucial clearance for the civic body, the stage 1 approval was granted on June 19. Set to connect Versova in the western suburbs with the satellite city of Bhayandar, the north phase of the Coastal Road Project encompasses interchanges, elevated roads and twin tunnels. The mega project passes through land and creeks with most of the area falling under the Coastal Regulation Zone (CRZ). Nearly 8.24 hectares of mangrove forest area will be permanently affected to develop the project with at least 9,000 mangrove trees set to be cut and over 36,000 mangrove trees to be affected. So far, the civic body has procured environmental clearances and No Objection Certificates (NOCs) from the central as well as the state government for the project. In November 2024, the CRZ permissions were acquired from the union ministry of environment, forest and climate change. Having now procured the in-principle Stage 1 approvals for the mangrove forest land diversion from the MOEFCC, the BMC is set to approach the High Court to acquire their permissions. For perspective, the Stage 1 (in-principle) approvals from the central government is the first step towards diverting forest land for non-forest purposes, followed by Stage 2 clearances. According to civic officials, the actual work on the project will commence after the working permissions from the High Court is acquired. Speaking to The Indian Express, a senior official said, 'We have already acquired permissions such as from the CRZ. On June 19, we also received the stage 1 in-principle clearance from MOEFCC which marks a crucial approval for the project. After this, we will now approach the High Court, who will grant the permission. Following this, once the working permission is acquired, we will commence the project works. Eventually, the stage 2 clearance will be granted.' Earlier on June 27, the chief minister's office (CMO) directed the BMC to complete land acquisition for the Mumbai Coastal Road Project (Phase 2) within the next 15 days. For the said project, the BMC will be reclaiming 165 hectares of land between Versova and Bhayander. On Tuesday, Additional Municipal Commissioner (Projects) Abhijit Bangar also took a review meeting of the developments with senior civic officials from the bridge department. The project is proposed to reduce the current travel time between Versova and Bhayandar of 90 – 120 minutes to a mere 20 minutes. Amid large parcels of mangrove forests pegged to be impacted for the project, the Mumbai Mangrove Cell (MMC) has charted a comprehensive plan to compensate for the mangrove trees in a project, which will be implemented by the Mangrove Cell. As per the Maharashtra Coastal Zone Management Authority norms, over 1.37 lakh mangrove trees are proposed to be planted while the BMC is also set to implement a comprehensive mangrove restoration plan. Meanwhile, the civic body has also charted plans to establish a nursery to develop new mangrove trees while MMF will carry out afforestation of mangrove trees over 31 hectares of land in Bhayandar Gaon. Besides this, the BMC will also transfer non-forest areas of equal proportion for forest development. Pegged at an estimated cost of Rs. 20,000 crore, the proposed second phase of the coastal road has been divided into six different packages. Package A will cover 4.5 KMs between Versova and Bangur Nagar (Goregaon), package B will cover 1.66 KM between Bangur Nagar and Mindspace (Malad). The packages C and D will include twin tunnels – 3.9 KM long – connecting mindspace at Malad with Charkop in Kandivali. Package E will be 3.78 KMs, connecting Charkop with Gorai and the final package F will be 3.69 KMs will connect Gorai with Dahisar. From Dahisar, the civic authorities are constructing another 5.6 KM elevated corridor that will extend till Bhayander at Mumbai Metropolitan Region (MMR).


Hindustan Times
09-05-2025
- Business
- Hindustan Times
Mumbai Metro Line 3 inauguration: How the BKC-Worli Link is set to boost the city's real estate market
Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde inaugurated the second phase of Mumbai Metro-3, covering a 9.6 km stretch between Bandra Kurla Complex (BKC) and Acharya Atre Chowk (Worli) on May 9. Both areas, already among India's most expensive real estate markets, are expected to see a further boost in property demand and values with the improved connectivity, according to real estate experts. The 9.6-km-long phase will cover areas like Dharavi, Sheetla Devi Temple, Dadar, Siddhivinayak Temple, Mahim Dargah, Mahim Church, Worli and Acharya Atre Chowk With Phase 2 fully operational, the Metro will cover 20 km of the 33.35 km corridor, allowing passengers to travel between Aarey and Worli (Acharya Atre Chowk). Earlier, prime minister Narendra Modi inaugurated Mumbai's first underground Metro Line 3 between Aarey Colony and BKC on October 5. Vimal Nadar, National Director and Head, Research, Colliers India, told that Mumbai Metro's Aqua Line (Line 3), currently partially operational from Aarey to Bandra-Kurla Complex (BKC) under Phase 1, is set to expand its commercial operations till Acharya Atre Chowk in Worli under Phase 2. Also Read: Mumbai Metro Line 3 to connect BKC and Worli, boosting India's most expensive real estate markets Once the final Phase 3 extending from Worli to Cuffe Parade also gets operational, the fully operational Line 3 will act as a major catalyst for real estate growth in most of the established catchment areas along this route. This metro Line 3 will significantly improve North-South connectivity, holding the potential to revive the older business districts of CBD (Nariman Point and adjoining areas) and drive existing business hubs such as BKC, Worli, and Lower Parel. Complemented by the Coastal Road Project, the old central business district (CBD) micro market will likely see a 1.5- 2x rise in annual leasing demand for office spaces. Overall, key micro markets along the Metro Line 3 route could see a 10-15% rise in rentals over the next few years, he said. On the residential front, this greenfield connectivity is poised to result in rental and capital value appreciation in established localities such as Santacruz, Andheri East, Kurla, Chembur, Dadar, and Prabhadevi. He added that these localities are projected to witness a 10–15% increase in property values over the next few years. Also Read: Underground Mumbai Metro Line 3 inauguration by PM Modi expected to boost real estate market in South Mumbai A few real estate consultants believe the second phase will have a limited impact on South Mumbai's working-class population. However, it is expected to impact those residing in Worli, Dadar, and Mahim, who are set to benefit from this. "There are several redevelopment projects along with the Mumbai Metro line 3 route, which will benefit from the aqua line," said Pramod Vyas, president of SMART (South MetroCity Association of Realtors), the apex body of real estate consultants in South Mumbai. Also Read: Here's why high-net-worth individuals may be selling their properties in Mumbai's real estate market It will transform commuting patterns for South Mumbai residents, offering seamless connectivity to key business hubs like Worli, Lower Parel, BKC, Andheri, and the airport. "This improved connectivity will greatly benefit middle-class professionals and executives living in South Mumbai who commute daily to BKC, Central Mumbai, and the suburbs," Vyas added.