Navi Mumbai's News Options
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CBRE: Investors’ interest in Navi Mumbai and Thane properties on a rise
According to CBRE, the world’s largest commercial real estate services firm, the interest of property investors in the real estate market of Navi Mumbai and Thane has been increasing, thanks to the proposed development of an international airport and other key infrastructure projects in the city of the 21st century.
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Airoli property prices continue to surge
Property prices across Navi Mumbai continue to maintain an upward trend. Not surprisingly, rental rates are also following a similar pattern. This is particularly true of Airoli, which is fast developing into an important business and commercial centre, with the development and commencement of several large business and IT parks in and around Airoli. The easy connectivity to Mumbai, via the Airoli-Mulund bridge may well be another factor.
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National Handloom & Handicrafts Expo takes place in Airoli
For handloom and handicraft lovers in Navi Mumbai, there is good news. National Handloom & Handicrafts Expo has opened up to people in sector 7, Airoli.
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Great Eastern Galleria in Nerul undergoes renovation
Great Eastern Galleria, one of the best commercial complexes in Nerul, Sector 4, is undergoing a major renovation project. Work is in full swing at the 6,165 sq.m complex to give the building a complete makeover within a couple of months from now.
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Truck rams into bus on E-way, killing 4
A speeding truck rammed into a stationary bus on the Mumbai-Pune Expressway, killing four, in the early hours on Tuesday. Two of the deceased belonged to Mulund and the others to Thane and Navi Mumbai.
The bus, belonging to Ganesh Travels from Worli, had passengers headed for Kolhapur on Jyotiba pilgrimage. It was parked on a service lane for repairs when the accident occurred, around 1.30 am. Additional DGP (highways) Vijay Kamble said barring the four deceased, who were standing behind the bus and so were crushed by the truck, the passengers were lucky to have escaped unhurt since they were inside the bus.
The police said that prima facie it appeared that the truck driver, who fled the scene, had dozed off behind the wheel or could have been driving drunk.
Kamble said the accident was similar to the March 28 mishap on the highway, in which 27 members of a marriage party were killed. Most of them were standing or seated around their bus, when a truck rammed into the vehicle.
The police said the bus suffered a tyre burst close to Bhatan Tunnel near Khalapur toll post around 1.15 am. The driver parked it on the left service lane and, along with a cleaner, got down to replace the tyre. A few passengers, too, got off the bus. The four deceased were standing behind the bus, and the others along the sides.
“The bus was parked in a safe zone. Its reflectors were also on. It appears the truck driver could not make out the lane in which he was driving and also did not see the bus’s lights,” Kamble said.
This News was originally published on the : http://timesofindia.indiatimes.com
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Navi Mumbai metro pushed to 2015
Residents of Navi Mumbai will have to wait until February 2015 for the first phase of the Navi Mumbai Metro project to become operational.
The construction work of the first phase of the metro, which is the Belapur to Pendhar route, is approximately eight months behind schedule. City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO) started construction around ten months ago. It was supposed to be completed by May 2014. Initially, the construction work was going as per schedule but technical issues and policy-making decisions in the last six months have obstructed the pace of the metro work.
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Navi Mumbai Int’l Airport to be commissioned by 2014
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Cidco takes Navi Mumbai metro plan ahead
In a major infrastructure development, the City and Industrial development Corporation (Cidco) has released its Mass Rapid Transportation master plan,which proposes to connect the Navi Mumbai Metro rail corridor to Mumbai’s second Metro line terminating at Mankhurd.
