Neo Vikram CHS Andheri West, Mumbai

MMRDA's Metro 7A Corridor Faces Potential ₹250 Crore Hit Due to Design Flaw

The Mumbai Metropolitan Region Development Authority (MMRDA) is facing a potential financial hit of ₹250 crore due to a design and construction flaw on the Metro 7A corridor. This issue, related to height restrictions near the airport, could lead to demolition and reconstruction, impacting the project's timeline and budget.

BMC Sets Deadlines for Key Infrastructure Projects: Vidyavihar Connector, GMLR Phase 1, and Mankhurd Flyover to Open Soon

BMC has announced completion targets for three significant infrastructure projects. The Vidyavihar east-west connector is slated to open by August 31, the first phase of the Goregaon-Mulund Link Road (GMLR) by September, and the Mankhurd-Maharashtra Nagar flyover by May 31, 2027. These projects are expected to improve traffic flow and connectivity in their respective areas.

During Q2'2026, average property prices for Neo Vikram CHS moved from ₹ 30,600/sqft to ₹ 31,050/sqft, reflecting a 1.47% rise.

Mumbai Coastal Road (North) Project Allocated ₹4,000 Crore

The Versova-Dahisar stretch of the Mumbai Coastal Road (North) project has received a significant allocation of ₹4,000 crore in the BMC's FY26-27 budget. This 25-km-long corridor aims to connect Versova in the western suburbs with Bhayander in the Mumbai Metropolitan Region.

During Q1'2026, average property prices for Neo Vikram CHS moved from ₹ 29,300/sqft to ₹ 30,600/sqft, reflecting a 4.44% rise.

The Mumbai Metropolitan Region Development Authority (MMRDA) is leasing out 68,166 square feet of retail and commercial space across stations on Metro Lines 2A and 7 to generate non-fare revenue for the financial viability of Mumbai's metro services.