Mumbai's Metro Line-3 and Coastal Projects to Revamp Urban Connectivity and Real Estate
Mr. Vedanshu Kedia, Director of Prescon Group, highlights that South Mumbai is regaining prominence in the real estate market due to transformative infrastructure projects such as Metro Line-3 and the Coastal Road.
Mumbai MetroReal EstateInfrastructureUrban ConnectivityRedevelopmentReal Estate MumbaiOct 21, 2024
The full 33.5 km route of the Aqua Line will ultimately connect Aarey to Cuffe Parade, incorporating 27 stations along its path. The recently launched first phase spans 12.5 km between Aarey and BKC, providing a significant boost to the city's transport network. Furthermore, this metro line will integrate with Mumbai Metro Line 1 at Marol Naka, enhancing connectivity across key regions of Mumbai.
Frequently Asked Questions
What is the current status of Mumbai Metro Line-3?
The first phase of Mumbai Metro Line-3, known as the Aqua Line, has been inaugurated and connects Bandra Kurla Complex (BKC) to Aarey. It covers a distance of 12.5 km and includes 10 new stations, significantly boosting the city's transport network.
How will Metro Line-3 impact South Mumbai's real estate market?
Metro Line-3 is expected to stimulate development in South Mumbai, particularly around Dadar, by improving connectivity to key areas like BKC, Worli, and Marine Lines. This will likely increase property values and volumes, making these micro-markets more attractive for residential and commercial property transactions.
What other infrastructure projects are transforming Mumbai's urban landscape?
In addition to Metro Line-3, projects such as the Coastal Road, Bandra-Worli Sea Link Extension, and Sewri-Worli Elevated Corridor are enhancing connectivity and urban growth in Mumbai. These initiatives are expected to stimulate both residential and commercial development.
How will the integration of Metro 3 and Metro 7 impact the western suburbs of Mumbai?
The integration of Metro 3 and Metro 7 with the Western Express Highway will significantly ease connectivity in the western suburbs, specifically in areas like Kandivali, Borivali, Malad, and Goregaon. This will lead to a surge in housing demand and enhance the lifestyle for residents in these regions.
What is the expected impact of these infrastructure projects on Mumbai's global standing?
By 2025, the seamless integration of air, road, and metro networks is expected to position Mumbai as a world-class urban centre. These developments will help the city address the challenges of its expanding population and dynamic economy, solidifying its status as a competitive global urban centre.
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