Mumbai Metro Line 3 to be completed by 2021.

By Abhay Harish Shah , Realty Quarter

There is positive thinking that the advancement of the metro rail in Mumbai, will realize a change and lift the land division. “Builders’ enthusiasm for projects close to the metro courses, has been expanding and there is an upward weight on costs”. The small scale showcases that are probably going to profit are CBD (central business district), SBD (secondary business district) north and the western and eastern rural areas. Further, residential developments in Thane and Navi Mumbai will get a boost, because of the improved network with the business centres in the western suburbs areas and SBD north.

At 33.5 km, line 3 is the longest hallway of the Mumbai metro. The completely underground stretch keeps running along Colaba-Bandra-SEEPZ. The MMRC is the nodal organization for building this line.

We can see a mixed debt between Japan International Corporation Agency (JICA), & equal equity contribution from the central and state governments and additional subordinate debt to finance this construction. The Colaba-Bandra-SEEPZ line, additionally called Line 3 of the Mumbai Metro, is a continuous task being executed by the Mumbai Metro Rail Corporation Limited (MMRCL). Whenever finished, the 33.5-km-long queue will be the first underground metro line in Mumbai, with 27 stations.

Originally, it was supposed to be completed by 2016 but due to several legal conflicts and environmental problems arising out of its construction, it is now expected to be completed in 2021.

Twin tunnels of 5.2 meters in breadth each, are being dugged at a profundity of 20-25 meters subterranean. Seventeen passage exhausting machines are being utilized, to develop these passages. A segment spreading over 1.2 km, from the Bandra-Kurla Complex to Dharavi stations, will go under the bed of the Mithi stream and an extra stabling line is being built for this segment of Line 3.

The line 3 of Mumbai Metro is expected to cost Rs 30,000 crore. The earlier estimate, based on a detailed project report (DPR) from 2011, was Rs 23,136 crore.

Ashwini Bhide (Managing director of Mumbai Metro Rail Corporation (MMRC) says “There is a gap between the endorsed expense and the genuine fulfilment cost. There is a prerequisite to glance around for amended expenses, and we have just started the procedure. We came to know that the gap is for the estimation of time misfortune and a few changes that happen