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First Phase of Mumbai's Metro Line 3 Set for Commissioning Soon

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First Phase of Mumbai's Metro Line 3 Set for Commissioning Soon

First Phase of Mumbai's Metro Line 3 Set for Commissioning Soon

First Phase of Mumbai's Metro Line 3 Set for Commissioning Soon

The first phase of Mumbai's underground Metro Line 3, also known as the aqua line, is expected to be commissioned soon, pending safety clearance from the Commissioner of Metro Railway Safety (CMRS). The initial 12.5 km stretch will run between Aarey Colony and the Bandra-Kurla Complex (BKC), forming part of the larger 33.5 km Colaba-Seepz-Aarey Metro Line.

At a press conference, Ashwini Bhide, managing director of the Mumbai Metro Rail Corporation (MMRC), confirmed that while approval for the Metro trains has already been granted, clearance for the rail line is still awaited. Official sources indicate that this stretch is likely to be inaugurated by Prime Minister Narendra Modi along with other infrastructure projects in early October.

Progress and Timeline

Around 93% of the work on the entire Metro Line 3 corridor has been completed. The full Colaba-Aarey route is projected to be operational by March or May 2025. The Aarey-BKC section features ten stations and offers key connections, including links to Terminal 1 and 2 of the Chhatrapati Shivaji Maharaj International Airport and the Ghatkopar-Andheri-Versova Metro Line 1 at Marol Naka station.

Operations and Services

Bhide revealed that 96 daily services will be operated between Aarey and BKC, utilizing a fleet of eight trains from 6:30 am to 10:30 pm, with services starting at 8:30 am on Sundays. Fares will range from Rs 10 to Rs 50, with the maximum fare increasing to Rs 70 once the entire Colaba-SEEPZ-Aarey corridor is commissioned.

The designed speed of the eight-coach Metro trains is 85 kmph, with an average running speed of 35 kmph. The initial phase of the corridor will have a daily carrying capacity of 6.5 lakh passengers. Additionally, 48 captains, including 10 women, will manage train operations, with women playing a significant role in the overall operation and maintenance of the line.

This development marks a significant milestone in Mumbai's ongoing metro expansion, aimed at improving urban connectivity and reducing congestion across the city.
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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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