Latest news with #MetroLine9
Hindustan Times
8 hours ago
- Business
- Hindustan Times
Sunteck Realty announces ₹1,200 crore GDV JDA project at Mira Road near Mumbai
Listed real estate developer Sunteck Realty Ltd (SRL) announced on July 23 that it has entered into a joint development agreement (JDA) to develop 3.5 acres of land on Mira Road along the Western Express Highway near Mumbai. The project, spread across 13,500 sq m, will offer a development potential of 5.5 lakh sq ft of carpet area, with an estimated Gross Development Value (GDV) of ₹1,200 crore, the company said. Listed real estate developer Sunteck Realty Ltd (SRL) announced on July 23 that it has entered into a joint development agreement (JDA) to develop 3.5 acres of land on Mira Road along the Western Express Highway near Mumbai. (Picture for representational purposes only)(Mehul R Thakkar/HT) "This JDA reinforces our commitment to expanding in high-potential growth corridors of MMR. Mira Road, with its robust infrastructure pipeline and superior connectivity, offers an ideal canvas for creating a landmark luxury residential development. As seen with Sunteck SkyPark, we believe in transforming locations into lifestyle destinations. With this new development, we aim to deliver living experiences that elevate the value of the entire neighbourhood," said Kamal Khetan, chairman and managing director of Sunteck Realty Ltd. Also Read: Mumbai, Thane, Navi Mumbai, and Pune see a decline in housing sales and supply in Q2 2025 The company said the project has direct highway frontage and is adjacent to the upcoming Metro Line 9 (Miragaon Station) and has access to Dahisar and Mira Road railway stations. Upcoming infrastructure initiatives like the Borivali-Thane Tunnel and the Coastal Road Extension will further elevate connectivity, making the location even more desirable for discerning homebuyers and investors, the company said in a statement. Also Read: Housing sales volume of Tier 1 real estate developers dips by 6% in FY25: Ind-Ra The company said that Mira Road has emerged as a high-absorption residential market in the Mumbai Metropolitan Region (MMR), backed by proximity to reputed educational institutions, healthcare centres, retail hubs, and green belts. With a growing demand for premium, well-connected living. Also Read: Are Mumbai real estate prices moderating, giving homebuyers more room to negotiate? Local brokers said the per-square-feet price for residential apartments in Mira Road, with exceptions, is ₹10,000 to ₹15,000.
&w=3840&q=100)
Business Standard
9 hours ago
- Business
- Business Standard
Sunteck Realty to develop Mira Road land parcel with ₹1,200 crore GDV
Sunteck Realty will develop a 3.5-acre land parcel in Mira Road with a GDV of Rs 1,200 crore, expanding its footprint in the fast-growing Mumbai micro-market Mumbai Real estate firm Sunteck Realty has entered into a joint development agreement (JDA) to develop a 3.5-acre land parcel in Mumbai's Mira Road. The project is expected to have a gross development value (GDV) of ₹1,200 crore. The land parcel is located alongside the Western Express Highway and offers a development potential of around 5.5 lakh square feet of RERA carpet area. The company considers Mira Road a fast-emerging micro-market. It already has a premium-luxury project, Sunteck SkyPark, in the area, which has recorded sales of more than ₹1,000 crore. Kamal Khetan, chairman and managing director of Sunteck Realty, said: Located with direct highway frontage, the site is adjacent to the upcoming Metro Line 9 (Miragaon Station) and is expected to benefit from access to Dahisar and Mira Road railway stations. Moreover, upcoming infrastructure initiatives such as the Borivali–Thane Tunnel and the Coastal Road Extension are expected to further enhance connectivity, making the location more attractive for discerning homebuyers and investors, the company claimed. Earlier in May, the company was appointed as the developer for the redevelopment of a housing society in Mumbai's Andheri (East). The GDV of that project is estimated at ₹1,100 crore. It is expected to generate a free-sale area of approximately 2.75 lakh square feet for the company, Sunteck Realty stated. Additionally, earlier this month, the Mumbai-based firm reported a 46.75 per cent year-on-year (Y-o-Y) increase in net profit for the first quarter of the financial year 2026 (Q1 FY26), at ₹33.43 crore. The company's profit in Q1 FY25 was ₹22.78 crore. The firm's share listed on the Bombay Stock Exchange (BSE) closed at ₹437.75 per equity share on Wednesday (July 23). Its market capitalisation stands at approximately ₹6,412.56 crore.
Time of India
06-07-2025
- General
- Time of India
Citizens form human chain against Dongri Metro car shed
Mira Bhayander: Around 6,000 citizens of Mira Bhayander took to the streets on a Sunday morning and formed a human chain, silently protesting against tree felling at Dongri for the Metro Line 9 and Metro 7A, reports Vishal Rajemahadik. Mira-Bhayandar's major natural oxygen source, biodiversity, and local agriculture is in grave danger with car shed plans at Dongri, alleged the protestors. Villagers have warned that the agitation would be intensified if the tree felling continues. Last week, there was a huge uproar as activists and locals alleged the Mumbai Metropolitan Region Development Authority (MMRDA) axed down trees without proper permissions and alleged they had understated the age of trees in its official report to reduce compensatory planting requirements and evade higher penalties. As per environmental activists and locals, satellite imagery from 2013 clearly shows the presence of mature trees in the area, some over 15 years old. However, MMRDA's contractor-reported data claims these trees were only four to six years old. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai This manipulation allegedly allowed the agency to minimise both the number of compensatory trees it had to plant and the environmental fees payable to the Mira-Bhayander Municipal Corporation (MBMC).
Indian Express
04-07-2025
- General
- Indian Express
CMRS completes inspection of Phase-1 of Mumbai Metro Lines 2B, 9. Commercial operations expected by the end of this year
Mumbai, July 3: The Commissioner of Metro Railway Safety (CMRS) completed the safety inspection of Phase 1 of Mumbai Metro Line 2B and Metro Line 9 on Friday. The Mumbai Metropolitan Region Development Authority (MMRDA), which is the implementing agency for both metro lines, said the safety inspection was an important milestone before commencing passenger services on the two sections. 'After the inspection, the CMRS will report a checklist of compliance based on observations. A final inspection will be organised after making the necessary corrections before opening for the public, likely by the end of this year. Approval for opening can only be given after this last inspection to commence commercial operations on these lines,' a source told The Indian Express. On Friday, senior railway officials inspected overhead electric gear, signalling and communication systems, track geometry, and station facilities. The review also encompassed civil engineering features such as platform structures, emergency response systems, and passenger safety provisions. These inspections ensure that safety standards are met before new metro lines start commercial services. Once all the requirements are fulfilled and the safety certificate is issued by CMRS, the lines will be cleared for opening. Metro Line 2B Phase 1 covers a stretch of 5.39 kilometres and includes five stations between Mandale and Diamond Garden. This line is part of a larger corridor connecting DN Nagar to Mandale in the eastern suburbs. On the other hand, Phase 1 of Metro Line 9 is 4.4 kilometres long with four stations starting from Dahisar (East) to Kashigaon. The line is being constructed as an extension of Metro Line 7 from Dahisar East to Mira Bhayandar and is likely to enhance connectivity in the western suburbs.
News18
21-05-2025
- News18
Mumbai Mira-Bhayander Metro 9: CSMIA, Bandra To Dahisar, Thane, The Double-Decker Line Connects All
Last Updated: Mumbai Metro Line 9: From connectivity to key areas across the length and breadth of the city to the unique infrastructure, Mumbai Metro-9 stands out for a number of reasons Mumbai Metro Line 9 Trial Run: After a long wait, Thane district, on the outskirts of Mumbai, is set to get its first Metro, that too, a double-decker one. Maharashtra Chief Minister Devendra Fadnavis on May 15 flagged off the trial run of the Phase-1 of the Metro Line-9 between Dahisar (East) and Kashigaon in Thane district. From its connectivity to the intricate maze of Mumbai to the unique infrastructure, Mumbai Metro-9 stands out for a number of reasons. MUMBAI METRO-9 It is an extension of Line 7 from Andheri to CSMIA and Dahisar to Mira Bhayander and is 13.581 km long (11.386 km elevated and 2.195km underground) with 10 stations. It shall provide interconnectivity among the existing Western Express Highway, Western Railway, ongoing Metro Line 2A (Dahisar to D N Nagar) and Metro Line 7(Andheri (E) to Dahisar (E)). Metro Line-9 is part of Mumbai's pioneering double-decker infrastructure project, where both Metro and vehicular flyovers share a common viaduct. THE CONNECTIVITY HOW IT WILL HELP The Kashigaon-Dahisar metro line will give Thane commuters an easy and smooth commute alternative to overcrowded local trains and the infamous Mumbai traffic, especially during peak hours. The implementation of this corridor is expected to significantly reduce traffic congestion, especially near Dahisar Toll Naka Lower vehicular emissions and promote eco-friendly commuting Introduce energy-efficient systems like regenerative braking Employ green construction practices with reduced environmental impact. Progress in Motion: Trial Run of Mumbai Metro Line 9!Flagged off the 'Trial run of Phase-1 of Mumbai Metro Route-9, from Kashigaon to Dahisar (East)' of the Mumbai Metropolitan Region Development Authority at Mira Bhayandar, Thane. The section of Metro Line 9 from Kashigaon to… — Devendra Fadnavis (@Dev_Fadnavis) May 14, 2025 WHAT THE CM SAID 'This stretch offers seamless connectivity along the Western Express Highway and will act as a major decongestion solution. For the first time in the Mumbai Metropolitan Region, a double-decker bridge has been built in this section, where both the flyover and the metro line will be seen on the parallel structure," said CM Devendra Fadnavis during the test run last week. 'The section of Metro Line 9 from Kashigaon to Dahisar (East) will be opened to the public after the technical testing is completed. The metro is a very good option for reducing traffic on the Western Express Highway and making travel easier for Mumbaikars. We are planning to provide smooth and direct connectivity from Netaji Subhash Chandra Bose Ground to Bandra along the Western Express Highway, and work is underway in different phases to achieve this," he said. 'Soon, people will be able to travel by metro all the way to Virar. As more metro lines get connected, passengers will get a complete end-to-end travel solution. Planning is also underway to connect the metro with the bullet train station that is being developed at Vadhavan," the CM said. First Published:
