PM launches ₹41,000-cr realty and infra projects

infrastructure real estate
The Prime Minister recently launched infrastructure and housing projects worth ₹41,000 crore in Maharashtra and also laid the foundation stone for the Thane-Bhiwandi-Kalyan metro 5 and Dahisar-Mira Bhayander metro-9 in Kalyan in the neighboring Thane district. In addition to this, he also launched Navi Mumbai town planning authority's City and Industrial Development Corporation of Maharashtra's (Cidco) mass housing scheme worth ₹18,000 crore, which offers around 89,771 affordable homes under the Pradhan Mantri Awas Yojana (PMAY). These apart, the PM also laid the foundation stone for the third metro line between Hinjewadi and Shivajinagar, being implemented by the Pune Metropolitan Region Development Authority (PMRDA) on a PPP basis after the new metro policy. The ₹8,416-crore 24.9-km long Thane-Bhiwandi-Kalyan metro-5 corridor is expected to carry around 2.29 lakh commuters daily in 2021, with the entire system designed for six-coach trains with 17 stations. The 10.3-km elevated Dahisar-Mira Bhayander metro-9 corridor, comprising eight stations, is expected to be completed by 2022 at a cost of ₹ 6,607 crore. Both the projects are being executed by MMRDA. As per the proposal, metro-9 will be integrated with metro-7 (Dahisar to Andheri) and metro-2A (Dahisar and DN Road) as well as the ₹3,600-crore Gaimukh-Shivaji Chowk (Mira Road) metro-10, said an official spokesperson.

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