Parsn Bhagyalakshmi Chembur, 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.

Mumbai Boosts Connectivity with Santacruz - Chembur link road Phase 2 & Chembur Metro Station

CM Devendra Fadnavis inaugurated Phase 2 of the Santacruz-Chembur Link Road (SCLR) & the Chembur Metro Station under Metro Line 2B,The SCLR Phase 2 is expected to strengthen the road network between Mumbai's western and eastern suburbs, improving east-west connectivity.

A total of 3 residential transactions has been registered so far for Parsn Bhagyalakshmi, amounting to ₹ 5 Cr till August 2026.

27 Underground Parking Facilities to Combat Mumbai's Parking Crisis

Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.

Mumbai Monorail Services to Resume After Nine-Month Hiatus

Mumbai's monorail services are set to resume soon after a nine-month suspension, following approval from the Maharashtra government for safety improvements and fare revisions. MMRDA has proposed increased ticket prices. The monorail, which previously carried around 18,000 passengers daily, will offer improved services after safety upgrades.

During Q2'2026, average property prices for Parsn Bhagyalakshmi moved from ₹ 26,650/sqft to ₹ 36,900/sqft, reflecting a 38.46% rise.

MMRDA Presents Surplus Budget with Significant Allocation for Infrastructure

MMRDA has presented a surplus budget of ₹48,072 crore, with 87% allocated to infrastructure projects, including roads, public transport, and urban development. A notable provision of ₹4,000 crore is earmarked for the development of Mumbai 3.0 New Town, aiming for planned urban expansion.

MMRDA to Launch Metro Lines 2B and 9, Bhoomipujan for Thane-Borivali Tunnel and BKC Pod Taxi on April 7

The Mumbai Metropolitan Region Development Authority (MMRDA) will inaugurate Metro Line 2B (Phase I) and Metro Line 9 (Phase I), and conduct the bhoomipujan for the Thane–Borivali Twin Tunnel project and the pod taxi system in Bandra Kurla Complex (BKC) on April 7. These projects aim to significantly reduce travel time, ease congestion, and improve connectivity across Mumbai's suburbs.

During Q1'2026, average property prices for Parsn Bhagyalakshmi moved from ₹ 25,550/sqft to ₹ 26,650/sqft, reflecting a 4.31% rise.

Infrastructure Projects Aim to Ease Traffic Congestion in Thane

Maharashtra Deputy Chief Minister Eknath Shinde stated that the state government is prioritizing the resolution of traffic congestion in Thane through key infrastructure projects like the Coastal Road and elevated corridors. These projects are progressing steadily and are expected to significantly improve traffic flow.