Q1. Mumbai Metro rail and its impact on real estate growth:
As per the reports, it is declared that with the upcoming metro, property rates in Ghatkopar, Andheri east and west, will increase. Area like andheri east was only a commercial area but now it has a good number of residential properties and even andheri west had a lot of traffic issues.Though as the metro work has started so roads have become free and even properties are highly demanded. Successful builders have already planned as well as started developing projects over there.
According to the ProjectRERA.com team, the Metro network is a good advantage for all Mumbai Residentials. Passengers will travel from one place to another within their comfort zone. It will also connect to some specific locations which were not connected for a long time. People will reach their expected location around 10-20 % appreciation in less time. Most beneficial thing is that the metro will decrease traffic issues as well as delays too, as it will help you to reach your destination in less time with good speed and with comfort.
Below are following plans of Metro:
1. Mumbai Metro Line 1 (Versova-Andheri-Ghatkopar Metro Project):
Versova, D.N. Nagar, Azad Nagar, Andheri, Western Express Highway (WEH), Chakala, Airport Road, Marol Naka, Saki Naka, Asalpha, Jagruti Nagar, Ghatkopar
2. Mumbai Metro Line 2A (DAHISAR - D.N. NAGAR):
Dahisar, Anand Nagar, Rushi Sankul, IC Colony, Eksar, Borivali, Don Bosco, Shimpoli, Mahavir Nagar, Kamraj Nagar, Charkop, Malad Metro, Kasturi Park, Bangur Nagar, Goregaon Metro, Adarsha Nagar, Shastri Nagar and DN Nagar
3. Mumbai Metro Line 2B (D.N. NAGAR - MANDALE):
D N Nagar, ESIC Nagar, Prem Nagar, Indira Nagar, Nanavati Hospital, Khira Nagar, Saraswat Nagar, National College, Bandra West Metro Junction, MMRDA Office, IT Office BKC (Main Metro Junction), IL&FS, MTNL Junction, SG Barve Marg, Kurla Terminal, Kurla East, EEH, Chembur, Shivaji Chowk, Diamond Garden, BSNL, Mankhurd Metro, Mandale Metro.
4. Mumbai Metro Line 4 (WADALA - KASARVADAVALI):
Wadala TT Metro, Ankit Nagar Bus Depot, EEH Junction, Siddharth Colony, Amar Mahal, Goradia Nagar, Pant Nagar, Laxmi Nagar, Ghatkopar Shreyas Cinema, Godrej Colony, Vikhroli Metro, Surya Nagar, Kanjurmarg Gandhi Nagar, Naval Housing, Bhandup Mahapalika, Bhandup Metro, Shangrila, Sonapur, Mulund, Fire Station, Mulund Naka, Teen Haath Naka,Thane RTO Office, Mahapalika Marg Thane, Cadbury Junction, Majiwada, Kapurbawdi, Manpada, Tikuji-Ni-Wadi, Dongri Pada, Vijay Garden, Kasarvadavali.
5. Metro Line - 5 (Thane Bhiwandi Kalyan):
Thane, Kapurbawdi, Balkum Naka, Kasheli, Kalher, Purna, Anjurphata, Dhamankar Naka, Bhiwandi Junction, Gopal Nagar, Temghar, Rajnauli Village, Gove Goan MIDC, Kon Gaon, Durgadi Fort, Sahajanand Chowk, Kalyan Railway Station, Kalyan APMC.
Q2. Micro-markets that are likely to benefit from the Mumbai Metro:
Networking of main projects like Santacruz-Chembur Link Road, Eastern Freeway and railways has good effect for commercial markets in Ghatkopar, Andheri and Jogeshwari as well as in residentials too.
Q3. Should home seekers invest in real estate near Mumbai Metro projects?
Property rates are increased after the completion of a project is near to it. Properties near the metro area will be in demand and even the population in such areas will be increased after it becomes operative because most of the people prefer easy transport as the demand for offices and retail spaces will get high. Sometimes locations which are closeby to the metro are also affected. This effect is intense when metro stations are situated nearby commercial hubs.