Revolutionising The Mumbai Property Marketplace

Impact On The City Infrastructure And Property MarketMumbai Metro Line 3 when launched will be a game changer for the infrastructure and property market in Mumbai. This is a vital development, which will not just reduce travel time in the financial capital of India but also add new horizons for real estate expansion. Prime Minister Narendra Modi inaugurated the first phase of this metro project, however with many folded ambitions and hopes thus marking a milestone is Bengaluru's destiny. The 12.5 km long first phase of the Rs 14,120 crore Metro Line 3 connects Bandra Kurla Complex (BKC) to Aarey and features ten stations.

The Aqua Line will run entirely underground, for the people of Mumbai this is amongst their savings in time whilst commuting every day. The same shall boost the residential and commercial real estate markets especially in BKC, Worli, Dadar and other western suburbs which are key micro-markets. Read on to know how Mumbai's new Metro Line 3 is changing the face of properties in Mumbai and increasing their demand as well as value throughout the city.

This could have been a Game-Changer in connectivity had Stood as Proposed-Mumbai Metro Line 3

Mumbai's urbanisation has put considerable strain on the city's public transport network. Metro Line 3 comes as a huge relief from traffic on the city's unhealthy and crowded roads, which connect key locations. Covering 33.5 km from Aarey to Cuffe Parade, the 27-station Aqua Line is set to be one of Mumbai's most important mobility lifelines

This phase includes key transit hubs like Santacruz and Terminal 2 (T2) of Chhatrapati Shivaji Maharaj International Airport to connect BKC with Aarey in the first phase. That means faster WiFi for business travellers, those using the airport as a long commute or even daily passengers. The coming of the Aqua Line to Marol Naka is further complementing and amplifying this effect thanks to its interconnectivity with Metro Line 1 that provides a no-change connection east –west suburb link, but it will significantly increase real estate desirability from both sides.

Impact on South Mumbai Real Estate Market

Infrastructure development such as Metro Line 3, Coastal Road or Bandra-Worli Sea Link extension is rejuvenating demand for premium housing in South Mumbai. As per Vedanshu Kedia, director at Prescon Group those projects are restructuring the real estate map for South Mumbai Mahim, Dadar and Worli are the areas which have large redevelopment plots given the age of real estate in these areas [8] would benefit most from better connectivity.

With complete operations of Metro Line 3, these micro-markets would witness an increased demand for housing and commercial properties. Suburbs with proximity to prime business districts such as BKC, Marine Lines and Worli are likely facing a sharp increase in property rates due to easy accessibility. This will not only result in reduced travel time for some of the residents but also add up to redevelopment opportunities, bettering quality of life.

Benefit to Western Suburbs: Malad -Goregaon and Kandivali- Borivali.

While Metro Line 3 promises to change the face of South Mumbai, even western suburbs have a lot going for them. As Rohan Khatau, director of CCI Projects says the advent of Metro Line 3 and Metro Line 7 combined with Western Express Highway will enhance connectivity in Kandivali-Borivali region thus increasing demand for housing. For the homebuyers looking for convenience and lifestyle amenities, these suburbs offer plenty of options for well-connected residential properties.

seriously, the Malad-Goregaon belt- which is already has huge requirements for housing -had been a great lift in its home and office occasions. Himanshu Jain, Vice-President (VP) of Satellite Developers mentions that the younger population looks for metro connectivity and this improved figure eights will be an added advantage. Compact homes and studio apartments near metro stations will be in demand, FIT lifestyle for those young professionals who like convenience with quality family time.

Picasso School Holistic Development MMR

However it continues to play a positive in the connectivity aspect throughout MMR (Mumbai Metropolitan Region) as applicable with most things connected by the hip called Metro Line 3! The completed integration with in existing, new network with other metro lines (Line 1 & Line-7) and next to come phases of Line3 make it a mass transport hub in the region. Anil Mutha, co-founder of Nandivardhan Group said: “It is anticipated that with the coming up of this metro line it will boost holistic development in South Mumbai primarily around prominent locations like Dadar leading to BKC and Kurla connecting Worli”.

With that connectivity comes the opportunity for economic growth. This improved situation for speedy travel to commercial business districts will draw companies new and old in search of office space in close by areas, resulting from the state government competition over major city corporationsnement.property(predictions) Furthermore, through infrastructure projects such as the Santacruz-Chembur Link Road (SCLR) extension and the upcoming Coastal Road project chronic traffic congestion will be eliminated, mobility enhanced further stating rise in civic tweets aiding overall development of city.

The Last Word For Homebuyers and Investors

Homebuyers and investors are already reaping the benefits of Mumbai Metro Line 3. Better connectivity with South Mumbai, and to the western suburbs, will add immense value to surrounding areas along Thane Creek as well. The availability of metro access for homebuyers, alongside lifestyle amenities will make residential projects along the Metro corridor more attractive.

According to Umesh Jandial, chief business officer of OMkar Realtors & Developers which are offering close to 1,000 apartments in the first phase alone for sale under this structure with booking values as high as Rs. And with Metro line 3 through integration other metro lines like this will increase the already high demand since homebuyers prefer to lead a better lifestyle and own homes in areas provided by improved infrastructure.

Infrastructure projects like the proposed Bandra-Worli Sea Link and Sewri-Worli Elevated Corridor will also make travel more convenient for residents of these localities. This is being further followed up with more and more developments, Mumbai can now become a tougher global city attracting domestic & international investors.

Conclusion: Mumbai Real Estate on a Brink of New Era!

Mumbai Metro Line 3 This is one project, which has the potential to change Mumbai real estate face. The metro will have a positive impact on residential and commercial property markets, especially in South Mumbai (SoMu) & the western suburbs; it would also improve connectivity of this areas while reducing congestion. With the continued improvement to infrastructure and efficient integration of metro lines we will transform Mumbai into a world city, giving it all that is needed for increased growth over many years.

Metro Line 3 remains a goldmine and the sooner real estate developers, investors, as well as homebuyers invest in it now is when they can make their quick kill. Advantages such as better connectivity, redevelopment opportunities and returns on investment will further solidify Mumbai's position in the world-league of great cities.