Rashmi Utsav I and II Mira Road East, Thane

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.

A total of 3 residential transactions has been registered so far for Rashmi Utsav I and II, amounting to ₹ 2 Cr till August 2026.

During Q2'2026, average property prices for Rashmi Utsav I and II moved from ₹ 11,200/sqft to ₹ 13,500/sqft, reflecting a 20.54% 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.

Mumbai Metro Expansion Gains Momentum with New Corridors to Boost Regional Connectivity

The Mumbai Metropolitan Region Development Authority (MMRDA) is advancing plans for Metro Line 13 (Mira-Bhayandar to Virar) and Metro Line 14 (Kanjurmarg to Badlapur). Metro Line 13's detailed project plan has been submitted for approval, while preparatory work for Line 14 is underway.

The central government has approved the transfer of 53.174 acres of salt land in Thane district to the Maharashtra government for the Dahisar to Vasai Creek road project, which aims to improve traffic flow and connectivity in the Mumbai Metropolitan Region. The project is being executed in two phases: Dahisar to Bhayandar (Coastal Road) ), and Bhayandar to Vasai Creek .