Maharashtra to link key nodes within Mumbai
Real Estate

Maharashtra to link key nodes within Mumbai

With projects like Mumbai Trans Harbour project getting completed next year, Mumbai will no longer be known as an Island City. The State Government of Maharashtra is working towards connecting the ma...
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With projects like Mumbai Trans Harbour project getting completed next year, Mumbai will no longer be known as an Island City. The State Government of Maharashtra is working towards connecting the major nodal centres within Mumbai and is already preparing a special plan for the transportation sector revised for the next 20 years according to SVR Srinivas, Metropolitan Commissioner, MMRDA. The Mumbai-Trans Harbour Link project would be completed by the end of next year. “At the moment, travelling from places like Malabar Hill to Bandra-Kurla Complex takes more than 45 minutes. Once MTHL project is operational, commuting even to Navi Mumbai The National Real Estate Development Council (NAREDCO) Maharashtra’s Neral-Karjat unit presented Progressive Neral-Karjat Affordable City, 'Mumbai 3.0’, at an event organised at the Jio World Convention Centre recently.Commenting on the launch, Gautam Thacker, President, NAREDCO Neral-Karjat unit, has said, “The city has a lot of space constraints, so it is critical to develop a city that not only meets the space criteria, but also provides facilities and offers affordable housing options. Mumbai 3.0’s blueprint, on that front is promising, as it provides early movers advantage of affordable luxury housing options along with well-connected infrastructure facilities to facilitate a quality life. Investors can also benefit from long-term capital appreciation

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Power prices fall 31% amid renewable push

The average price of electricity traded on India’s power exchanges during October-November 2024 fell by 31 per cent year-on-year (YoY) to Rs.3.61 per unit in the Day-Ahead Market (DAM), down from Rs.5.23 per unit in the same period last year. Similarly, Real-Time Market (RTM) prices dropped by 29 per cent to Rs.3.59 per unit, compared to Rs.5.04 per unit a year ago, as per industry data. The price drop was driven by a surge in renewable energy generation, particularly hydro and wind power, supported by favourable monsoon conditions. Improved fuel availability and government-led ini..

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