Mumbai metro has a major impact on Mumbai realty

Q: With the scheduled opening of the metro link , the mumbai realty market is to see a change.Discuss!

Ashish Bhoite, Mumbai

9th June 2014

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Replies (6)

Implementation of a chain of surface transport infrastructure projects in the Mumbai including the Jogeshwari-Vikhroli Link Road, the Santacruz- Chembur Link Road, Wadala-Chembur Monorail and now the Versova-Andheri-Ghatkopar corridor would further add fuel to the already floating realty market of the city.

Ashish Sharma, Mumbai

10th December 2014

Comment

An unconventional analysis of pricing disclose that closeness to a metro railway station could single-handedly account for a 22% change in land value, as well as factors like location, distance of the land from central locations and income groups.

Sanjana Jain, Mumbai

10th December 2014

Comment

Areas which would benefit from metro connectivity have already seen a price appreciation of 400% over the past 8 years, and this movement is set to continue with the metro railway link's fast launch. Even the Railway Board granted its final approval to rail link operator Mumbai Metro One, to commence its commercial operations on the 11.4-km line, which is expected to reduce travel time to 21 minutes, from the current 90 minutes between Versova and Ghatkopar.

Ashish Sharma, Mumbai

10th December 2014

Comment

Mumbai's first metro railway link which will connect the northwestern suburb of Versova-Andheri with Ghatkopar on the northeastern border soon is expected to be a game changer for the Mumbai's realty market. Transportation infrastructure economics have historically proved to positively impact real estate value in cities like Mumbai because residential and commercial properties located close to transportation infrastructure set out to command a premium.

Sanjana Jain, Mumbai

10th December 2014

Comment

Well, reports are in that the final approval has been given out on this 11.4 km stretch and is expected to decrease the travel time from the current 90 mins to 21 mins and be the wave of travel change between Versova and Ghatkhopar.

Deepankar Godbole, Mumbai

9th June 2014

Comment

hmm.. i read too that this new metro link will connect the north western suburban areas of versova-andheri with ghatkopar and will have a major impact on the realty scene of the area.

Shantanu Kumar, Mumbai

9th June 2014

Comment

Yea, you are right about the impact as the areas that will benefit from the metro has already seen an appreciation of over 400% and the trend is expected to keep increasing.

Kishore Pathak, Mumbai

9th June 2014

Hmm..yup..there was a report that the land value has seen a 22% variation in areas with metro proximity and even traditionally, increased transport facility and better connectivity does have a major impact on the nearby areas.

Padma G, Mumbai

9th June 2014