Shelton Elite Vile Parle 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.

During Q2'2026, average property prices for Shelton Elite moved from ₹ 52,400/sqft to ₹ 58,500/sqft, reflecting a 11.64% 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.

BMC Budget Includes ₹6,475 Crore for Water Security Projects

The BMC's FY26-27 budget includes a substantial allocation of ₹6,475 crore for water security initiatives. This funding is designated for projects such as the Manori desalination plant (₹500 crore) and the Gargai project (₹437.51 crore), aimed at augmenting the city's water supply capacity.

Mumbai-Pune Expressway 'Missing Link' Project Set for May 1 Inauguration, Promising Safer and Faster Travel

The highly anticipated 'Missing Link' project on the Mumbai-Pune Expressway is set to be inaugurated on May 1, significantly reducing travel time by approximately 30 minutes and enhancing safety. The 10.5-km stretch features tunnels and a bridge, bypassing the accident-prone Khandala Ghat. This infrastructure upgrade is expected to ease traffic congestion, improve travel safety.

Mumbai Infrastructure Projects Gain Momentum with Budget Allocations and Project Launches

Mumbai is experiencing a surge in infrastructure and activity. The BMC has proposed a record budget of ₹80,952.56 crore for FY 2026-27, with a significant portion allocated to infrastructure projects like the Coastal Road, Goregaon-Mulund Link Road (GMLR), and Sewage Treatment Plants (STPs).MMRDA has allocated over ₹5,400 crore for road tunnel projects, including one connecting Worli-Bandra Sea Link to Mumbai Airport.

External Works has reached 29%, Internal finishing stands at 18%, MEP Services including lift and staircases, are now 36% done.

During Q4'2025, average property prices for Shelton Elite moved from ₹ 33,550/sqft to ₹ 52,400/sqft, reflecting a 56.18% rise.

Structural Works reach 96% completion, Internal finishing stands at 4%, MEP Services including lift and staircases, are now 21% done.

A total of 4 out of 47 launched units have been booked as of May 2025, including 50% of 1 BHK(1 out of 2 units), 18% of 4 BHK(2 out of 11 units), 5% of 3 BHK(1 out of 19 units).